Chemical Financial (CHFC) Receiving Somewhat Favorable Media Coverage, Study Shows

Press coverage about Chemical Financial (NASDAQ:CHFC) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. 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 0.11 on Accern’s scale. Accern also gave news stories about the bank an impact score of 45.9178290189641 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

CHFC stock opened at $52.59 on Friday. The stock has a market cap of $4,101.35, a P/E ratio of 25.16, a PEG ratio of 1.63 and a beta of 1.22. Chemical Financial has a 52 week low of $43.61 and a 52 week high of $59.83. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.14.

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Chemical Financial (NASDAQ:CHFC) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. The firm had revenue of $178.22 million for the quarter, compared to the consensus estimate of $183.89 million. Chemical Financial had a net margin of 19.26% and a return on equity of 8.46%. research analysts forecast that Chemical Financial will post 3.91 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $1.12 annualized dividend and a dividend yield of 2.13%. Chemical Financial’s dividend payout ratio is presently 53.59%.

A number of equities research analysts have weighed in on the stock. ValuEngine cut shares of Chemical Financial from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $63.00 price objective on shares of Chemical Financial in a report on Tuesday, February 27th. Zacks Investment Research cut shares of Chemical Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Hilliard Lyons upgraded shares of Chemical Financial from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Finally, DA Davidson upped their target price on shares of Chemical Financial to $70.00 and gave the stock an “average” rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $58.57.

In other news, CEO David T. Provost bought 3,356 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were purchased at an average price of $58.50 per share, for a total transaction of $196,326.00. Following the completion of the purchase, the chief executive officer now owns 96,296 shares in the company, valued at approximately $5,633,316. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard M. Lievense sold 6,298 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $57.92, for a total transaction of $364,780.16. Following the transaction, the director now owns 28,669 shares in the company, valued at approximately $1,660,508.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,236 shares of company stock worth $3,933,758. Insiders own 2.20% of the company’s stock.

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Chemical Financial Company Profile

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.

Insider Buying and Selling by Quarter for Chemical Financial (NASDAQ:CHFC)

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