Chemical Financial (CHFC) Earning Somewhat Favorable News Coverage, Analysis Shows
Headlines about Chemical Financial (NASDAQ:CHFC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Chemical Financial earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 46.2596724598848 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Chemical Financial (NASDAQ:CHFC) opened at $56.19 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.14. Chemical Financial has a 52 week low of $43.61 and a 52 week high of $59.83. The stock has a market cap of $3,974.77, a price-to-earnings ratio of 26.89, a P/E/G ratio of 1.59 and a beta of 1.21.
Chemical Financial (NASDAQ:CHFC) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. Chemical Financial had a net margin of 19.26% and a return on equity of 8.46%. The business had revenue of $178.22 million during the quarter, compared to analyst estimates of $183.89 million. research analysts forecast that Chemical Financial will post 3.89 earnings per share for the current year.
CHFC has been the subject of a number of research reports. DA Davidson lifted their target price on shares of Chemical Financial to $70.00 and gave the company an “average” rating in a research note on Thursday, January 25th. Zacks Investment Research raised shares of Chemical Financial from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Tuesday, December 26th. BidaskClub lowered shares of Chemical Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Piper Jaffray Companies reissued a “buy” rating and set a $62.00 target price on shares of Chemical Financial in a research note on Tuesday, January 9th. Finally, ValuEngine raised shares of Chemical Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Chemical Financial has an average rating of “Hold” and an average price target of $57.29.
In other Chemical Financial news, CEO David T. Provost acquired 3,356 shares of Chemical Financial stock in a transaction that occurred on Friday, January 26th. The stock was acquired at an average price of $58.50 per share, with a total value of $196,326.00. Following the purchase, the chief executive officer now owns 96,296 shares in the company, valued at $5,633,316. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dennis L. Klaeser sold 53,536 shares of Chemical Financial stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $58.48, for a total transaction of $3,130,785.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,155 shares of company stock valued at $4,436,061. 2.20% of the stock is owned by company insiders.
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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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