Chemical Financial Corp. (CHFC) Hits New 1-Year High at $43.65
Chemical Financial Corp. (NASDAQ:CHFC) reached a new 52-week high during trading on Tuesday . The company traded as high as $43.65 and last traded at $43.49, with a volume of 68,113 shares traded. The stock had previously closed at $43.38.
CHFC has been the topic of several analyst reports. Boenning Scattergood reissued a “neutral” rating on shares of Chemical Financial Corp. in a research note on Tuesday, June 7th. Zacks Investment Research raised Chemical Financial Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on Chemical Financial Corp. from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, July 28th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.50.
The firm has a 50 day moving average of $39.29 and a 200 day moving average of $36.87. The company has a market cap of $1.67 billion and a P/E ratio of 17.02.
Chemical Financial Corp. (NASDAQ:CHFC) last posted its earnings results on Tuesday, July 26th. The company reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.07. Equities analysts predict that Chemical Financial Corp. will post $2.79 EPS for the current fiscal year.
Several large investors have bought and sold shares of the stock. Rhumbline Advisers boosted its stake 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 boosted its stake 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 worth $4,112,000 after buying an additional 2,700 shares during the period. Swiss National Bank boosted its stake 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 during the period. First Trust Advisors LP boosted its stake 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 worth $1,585,000 after buying an additional 22,346 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake 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 worth $75,938,000 after buying an additional 87,971 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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