Chemical Financial Corp. (NASDAQ:CHFC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $41.84 and last traded at $41.75, with a volume of 83,747 shares trading hands. The stock had previously closed at $41.49.

CHFC has been the subject of several recent analyst reports. Zacks Investment Research lowered Chemical Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 21st. Boenning Scattergood restated a “neutral” rating on shares of Chemical Financial Corp. in a research note on Tuesday, June 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Chemical Financial Corp. from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Chemical Financial Corp. presently has a consensus rating of “Buy” and an average price target of $42.50.

The stock has a market cap of $1.60 billion and a P/E ratio of 16.31. The stock has a 50 day moving average of $38.41 and a 200-day moving average of $36.43.

Chemical Financial Corp. (NASDAQ:CHFC) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. On average, equities analysts anticipate that Chemical Financial Corp. will post $2.78 earnings per share for the current year.

A number of institutional investors recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Chemical Financial Corp. by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,862 shares of the company’s stock valued at $75,938,000 after buying an additional 87,971 shares in the last quarter. Victory Capital Management Inc. increased its position in Chemical Financial Corp. by 2,562.3% in the fourth quarter. Victory Capital Management Inc. now owns 98,134 shares of the company’s stock valued at $3,363,000 after buying an additional 94,448 shares in the last quarter. California Public Employees Retirement System increased its position in Chemical Financial Corp. by 2.3% in the fourth quarter. California Public Employees Retirement System now owns 120,000 shares of the company’s stock valued at $4,112,000 after buying an additional 2,700 shares in the last quarter. Rhumbline Advisers increased its position in Chemical Financial Corp. by 1.2% in the fourth quarter. Rhumbline Advisers now owns 51,779 shares of the company’s stock valued at $1,774,000 after buying an additional 615 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Chemical Financial Corp. by 93.5% in the fourth quarter. First Trust Advisors LP now owns 46,256 shares of the company’s stock valued at $1,585,000 after buying an additional 22,346 shares in the last quarter.

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. Its 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, debit cards, access to insurance and investment products, corporate and personal wealth management services, and other banking services.

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