News stories about Chemical Financial (NASDAQ:CHFC) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Chemical Financial earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.8867325940827 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of CHFC stock opened at $57.74 on Wednesday. The stock has a market capitalization of $4.12 billion, a PE ratio of 18.87, a PEG ratio of 1.64 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.92 and a quick ratio of 0.92. Chemical Financial has a one year low of $43.61 and a one year high of $59.83.
Chemical Financial (NASDAQ:CHFC) last announced its earnings results on Tuesday, April 24th. The bank reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The company had revenue of $192.42 million during the quarter, compared to the consensus estimate of $186.62 million. Chemical Financial had a net margin of 21.15% and a return on equity of 9.10%. equities research analysts anticipate that Chemical Financial will post 3.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were issued a $0.28 dividend. The ex-dividend date was Thursday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 1.94%. Chemical Financial’s dividend payout ratio is currently 36.60%.
Several research firms have weighed in on CHFC. ValuEngine upgraded shares of Chemical Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Keefe, Bruyette & Woods restated a “hold” rating and set a $63.00 price objective on shares of Chemical Financial in a report on Tuesday, February 27th. Zacks Investment Research downgraded shares of Chemical Financial from a “buy” rating to a “hold” rating in a report on Friday, April 27th. Finally, Boenning Scattergood restated a “sell” rating on shares of Chemical Financial in a report on Thursday, April 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $59.17.
In other news, Director Larry D. Stauffer sold 1,800 shares of the stock in a transaction dated Friday, April 27th. The shares were sold at an average price of $56.18, for a total value of $101,124.00. Following the completion of the sale, the director now owns 14,053 shares in the company, valued at $789,497.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert Rathbun sold 5,000 shares of the stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $58.86, for a total transaction of $294,300.00. Following the completion of the sale, the insider now owns 16,449 shares of the company’s stock, valued at approximately $968,188.14. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
About Chemical Financial
Chemical Financial Corporation operates as a financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers. It offers 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, debit cards, safe deposit box, money transfer, automated teller machines, insurance and investment products, corporate and personal wealth management, and mortgage banking and other banking services.
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