News articles about Chemical Financial (NASDAQ:CHFC) have been trending positive on Saturday, Alpha One Sentiment reports. Alpha One, a division of Accern, ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Chemical Financial earned a daily sentiment score of 0.39 on Alpha One’s scale. Alpha One also gave media stories about the bank an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the near future.
A number of research firms recently commented on CHFC. Keefe, Bruyette & Woods set a $55.00 price target on Chemical Financial and gave the stock a “buy” rating in a research report on Saturday, April 15th. Zacks Investment Research downgraded Chemical Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Finally, Hilliard Lyons raised Chemical Financial to a “buy” rating and raised their price objective for the stock from $54.00 to $55.00 in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $56.00.
Shares of Chemical Financial (NASDAQ CHFC) traded down 0.18% during trading on Friday, hitting $45.38. The stock had a trading volume of 309,209 shares. The firm has a 50-day moving average of $47.53 and a 200 day moving average of $50.81. The company has a market capitalization of $3.23 billion, a P/E ratio of 19.89 and a beta of 1.11. Chemical Financial has a 1-year low of $34.82 and a 1-year high of $55.55.
Chemical Financial (NASDAQ:CHFC) last issued its earnings results on Tuesday, April 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.01. Chemical Financial had a net margin of 20.09% and a return on equity of 8.95%. The business had revenue of $168.11 million during the quarter, compared to analysts’ expectations of $173.51 million. Equities research analysts predict that Chemical Financial will post $3.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, June 2nd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $1.08 annualized dividend and a yield of 2.38%. Chemical Financial’s dividend payout ratio (DPR) is 50.47%.
In other Chemical Financial news, Director Richard M. Lievense sold 13,351 shares of the company’s stock in a transaction that occurred on Friday, April 28th. The shares were sold at an average price of $47.87, for a total value of $639,112.37. Following the completion of the transaction, the director now directly owns 59,192 shares in the company, valued at $2,833,521.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Chemical Financial (CHFC) Earning Positive News Coverage, Analysis Finds” was originally published by BBNS and is the property of of BBNS. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://baseballnewssource.com/markets/chemical-financial-chfc-earning-positive-media-coverage-study-finds-updated/835357.html.
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.
Receive News & Ratings for Chemical Financial Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Chemical Financial Co. and related companies with our FREE daily email newsletter.