Natixis Advisors L.P. reduced its stake in shares of Chemical Financial Co. (NASDAQ:CHFC) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,026 shares of the bank’s stock after selling 5,851 shares during the quarter. Natixis Advisors L.P. owned 0.24% of Chemical Financial worth $6,407,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Chemical Financial by 3.1% in the fourth quarter. BlackRock Inc. now owns 8,480,147 shares of the bank’s stock valued at $310,458,000 after buying an additional 253,627 shares in the last quarter. Vanguard Group Inc increased its stake in shares of Chemical Financial by 1.5% in the third quarter. Vanguard Group Inc now owns 6,679,182 shares of the bank’s stock valued at $356,668,000 after buying an additional 101,931 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Chemical Financial by 1.5% in the third quarter. Vanguard Group Inc. now owns 6,679,182 shares of the bank’s stock valued at $356,668,000 after buying an additional 101,931 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Chemical Financial by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,189,834 shares of the bank’s stock valued at $116,781,000 after buying an additional 185,916 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Chemical Financial by 24.9% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,658,834 shares of the bank’s stock valued at $97,339,000 after acquiring an additional 529,790 shares during the last quarter. Hedge funds and other institutional investors own 83.17% of the company’s stock.
Shares of CHFC opened at $44.12 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Chemical Financial Co. has a 1 year low of $34.62 and a 1 year high of $59.46. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 1.13 and a beta of 1.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Thursday, February 28th. Chemical Financial’s dividend payout ratio (DPR) is presently 34.52%.
Several equities analysts recently issued reports on CHFC shares. Raymond James set a $55.00 price target on Chemical Financial and gave the company a “buy” rating in a report on Tuesday, January 29th. Stephens reiterated a “buy” rating and issued a $52.00 price target on shares of Chemical Financial in a report on Wednesday, December 19th. Sandler O’Neill upgraded Chemical Financial from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a report on Friday, February 8th. Zacks Investment Research upgraded Chemical Financial from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, BidaskClub upgraded Chemical Financial from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Chemical Financial has a consensus rating of “Hold” and an average target price of $56.60.
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Chemical Financial Company Profile
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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