Chemical Financial Corp. (NASDAQ:CHFC) – FIG Partners issued their FY2018 earnings estimates for Chemical Financial Corp. in a research report issued to clients and investors on Monday. FIG Partners analyst J. Rodis expects that the brokerage will post earnings of $3.45 per share for the year.

Chemical Financial Corp. (NASDAQ:CHFC) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.69 by $0.03. Chemical Financial Corp. had a return on equity of 8.15% and a net margin of 19.60%. ILLEGAL ACTIVITY NOTICE: “Chemical Financial Corp. (CHFC) Forecasted to Earn FY2018 Earnings of $3.45 Per Share” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be accessed at http://www.dailypolitical.com/2016/11/30/chemical-financial-corp-chfc-forecasted-to-earn-fy2018-earnings-of-3-45-per-share.html.

Earnings History and Estimates for Chemical Financial Corp. (NASDAQ:CHFC)

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Chemical Financial Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 24th. Stephens began coverage on Chemical Financial Corp. in a report on Friday, September 2nd. They set an “equal weight” rating on the stock. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $45.50.

Chemical Financial Corp. (NASDAQ:CHFC) traded up 0.128% on Tuesday, hitting $51.756. The stock had a trading volume of 172,526 shares. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 25.235 and a beta of 1.04. The stock’s 50 day moving average is $46.00 and its 200 day moving average is $42.48. Chemical Financial Corp. has a one year low of $29.40 and a one year high of $53.03.

Hedge funds have recently bought and sold shares of the stock. BlackRock Fund Advisors raised its stake in Chemical Financial Corp. by 288.1% in the third quarter. BlackRock Fund Advisors now owns 3,619,218 shares of the company’s stock worth $159,716,000 after buying an additional 2,686,758 shares during the last quarter. Capital World Investors bought a new stake in Chemical Financial Corp. during the third quarter worth approximately $58,801,000. The Manufacturers Life Insurance Company bought a new stake in Chemical Financial Corp. during the third quarter worth approximately $47,228,000. BlackRock Institutional Trust Company N.A. raised its stake in Chemical Financial Corp. by 93.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,122,137 shares of the company’s stock worth $93,650,000 after buying an additional 1,022,308 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Chemical Financial Corp. by 6,348.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 899,691 shares of the company’s stock worth $39,703,000 after buying an additional 885,740 shares during the last quarter. 74.67% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Chemical Financial Corp. (CHFC) Forecasted to Earn FY2018 Earnings of $3.45 Per Share” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be accessed at http://www.dailypolitical.com/2016/11/30/chemical-financial-corp-chfc-forecasted-to-earn-fy2018-earnings-of-3-45-per-share.html.

In other Chemical Financial Corp. news, insider Lori A. Gwizdala sold 500 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $51.08, for a total value of $25,540.00. Following the sale, the insider now owns 48,395 shares of the company’s stock, valued at $2,472,016.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dennis L. Klaeser sold 49,785 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $45.24, for a total value of $2,252,273.40. Following the completion of the sale, the chief financial officer now directly owns 86,913 shares in the company, valued at approximately $3,931,944.12. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Friday, December 2nd will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, November 30th. Chemical Financial Corp.’s dividend payout ratio (DPR) is 50.47%.

About Chemical Financial Corp.

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.

5 Day Chart for NASDAQ:CHFC

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