Press coverage about Chemical Financial (NASDAQ:CHFC) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chemical Financial earned a news impact score of 0.08 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 46.4943873175514 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of brokerages have recently commented on CHFC. Hilliard Lyons raised shares of Chemical Financial from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Boenning Scattergood set a $43.00 price target on shares of Chemical Financial and gave the company a “sell” rating in a report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Chemical Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. BidaskClub raised shares of Chemical Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. Finally, ValuEngine raised shares of Chemical Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $57.29.
Shares of Chemical Financial (CHFC) traded up $1.78 on Wednesday, reaching $57.09. 215,935 shares of the company traded hands, compared to its average volume of 340,691. Chemical Financial has a 12 month low of $43.61 and a 12 month high of $59.83. The company has a market capitalization of $3,930.77, a PE ratio of 26.46, a PEG ratio of 1.58 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94.
Chemical Financial (NASDAQ:CHFC) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. Chemical Financial had a net margin of 19.26% and a return on equity of 8.46%. The business had revenue of $178.22 million for the quarter, compared to analysts’ expectations of $183.89 million. analysts anticipate that Chemical Financial will post 3.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Thursday, March 1st. Chemical Financial’s payout ratio is presently 53.59%.
In related news, insider Lori A. Gwizdala sold 5,594 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $59.27, for a total value of $331,556.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dennis L. Klaeser sold 53,536 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $58.48, for a total transaction of $3,130,785.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,155 shares of company stock worth $4,436,061. Company insiders own 2.20% of the company’s stock.
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About Chemical Financial
Chemical Financial Corporation is a financial holding company. The Company operates in the commercial banking segment. The Company, through its subsidiary bank, Chemical Bank, offers banking and fiduciary products and services. These products and services include business and personal checking accounts, savings and individual retirement accounts, time deposit instruments, electronically accessed banking products, residential and commercial real estate financing, commercial lending, consumer financing, access to insurance and investment products, corporate and personal wealth management services, and other banking services.
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