Chemical Financial Corp. (NASDAQ:CHFC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $43.65 and last traded at $43.49, with a volume of 68,113 shares trading hands. The stock had previously closed at $43.38.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Chemical Financial Corp. from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Thursday, July 28th. Keefe, Bruyette & Woods raised their price target on shares of Chemical Financial Corp. from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of Chemical Financial Corp. in a research note 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. Chemical Financial Corp. currently has a consensus rating of “Buy” and a consensus target price of $42.50.

The stock has a market capitalization of $1.67 billion and a price-to-earnings ratio of 17.00. The firm has a 50-day moving average price of $38.98 and a 200 day moving average price of $36.72.

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

A number of institutional investors recently added to or reduced their stakes in CHFC. Swiss National Bank boosted its position in Chemical Financial Corp. by 21.3% in the fourth quarter. Swiss National Bank now owns 49,233 shares of the company’s stock worth $1,687,000 after buying an additional 8,633 shares in the last quarter. First Trust Advisors LP boosted its stake 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 worth $1,585,000 after buying an additional 22,346 shares during the period. Rhumbline Advisers boosted its stake in shares of 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 boosted its stake 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 worth $4,112,000 after buying an additional 2,700 shares during the period. Finally, Victory Capital Management Inc. boosted its stake 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 worth $3,363,000 after buying an additional 94,448 shares during the period.

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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