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

Several analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Chemical Financial Corp. from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Zacks Investment Research raised shares of Chemical Financial Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of Chemical Financial Corp. in a report on Tuesday, June 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.50.

The stock has a 50 day moving average price of $38.65 and a 200 day moving average price of $36.51. The stock has a market capitalization of $1.60 billion and a price-to-earnings ratio of 16.28.

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

Other hedge funds and institutional investors recently bought and sold shares of the company. 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 worth $1,774,000 after buying an additional 615 shares during the period. California Public Employees Retirement System increased its position in shares of 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 during the last quarter. First Trust Advisors LP increased its position in shares of 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 during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of 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 during 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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