Somewhat Positive News Coverage Somewhat Unlikely to Impact Chemical Financial (CHFC) Stock Price
News articles about Chemical Financial (NASDAQ:CHFC) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chemical Financial earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the bank an impact score of 45.8180948770031 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
CHFC has been the topic of a number of analyst reports. BidaskClub raised Chemical Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research raised Chemical Financial from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods cut Chemical Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $55.00 price target on shares of Chemical Financial in a research note on Friday, October 27th. Finally, ValuEngine cut Chemical Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $54.07.
Chemical Financial (NASDAQ CHFC) traded up $1.78 on Wednesday, hitting $57.41. The stock had a trading volume of 490,200 shares, compared to its average volume of 326,427. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.15. Chemical Financial has a 52-week low of $43.61 and a 52-week high of $58.17. The stock has a market capitalization of $4,040.00, a PE ratio of 18.09, a PEG ratio of 1.98 and a beta of 1.14.
Chemical Financial (NASDAQ:CHFC) last posted its earnings results on Tuesday, October 24th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. Chemical Financial had a return on equity of 8.05% and a net margin of 24.23%. The firm had revenue of $175.75 million for the quarter, compared to analysts’ expectations of $182.78 million. During the same period in the previous year, the firm earned $0.75 earnings per share. The business’s revenue was up 41.1% compared to the same quarter last year. analysts forecast that Chemical Financial will post 2.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.12 annualized dividend and a dividend yield of 1.95%. Chemical Financial’s dividend payout ratio (DPR) is presently 42.59%.
In related news, Director Larry D. Stauffer sold 1,900 shares of Chemical Financial stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $53.19, for a total transaction of $101,061.00. Following the sale, the director now directly owns 15,853 shares in the company, valued at $843,221.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lori A. Gwizdala sold 2,800 shares of Chemical Financial stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $55.00, for a total value of $154,000.00. Following the sale, the insider now owns 46,774 shares in the company, valued at $2,572,570. The disclosure for this sale can be found here. Insiders have sold 7,500 shares of company stock worth $407,661 over the last three months. Insiders own 2.20% of the company’s stock.
Chemical Financial Company Profile
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. These 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, access to insurance and investment products, corporate and personal wealth management services, and other banking services.
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