News stories about Chemical Financial (NASDAQ:CHFC) have been trending positive on Monday, according to Alpha One Sentiment. The research firm, a service of Accern, identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chemical Financial earned a media sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned media stories about the bank an impact score of 92 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the near future.
A number of research analysts recently issued reports on the company. Hilliard Lyons upgraded Chemical Financial to a “buy” rating and boosted their price objective for the company from $54.00 to $55.00 in a research report on Friday, April 28th. Zacks Investment Research downgraded Chemical Financial from a “hold” rating to a “sell” rating in a research note on Monday, April 17th. Finally, Keefe, Bruyette & Woods set a $55.00 target price on Chemical Financial and gave the company a “buy” rating in a research note on Saturday, April 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $56.00.
Shares of Chemical Financial (CHFC) traded down 1.00% during midday trading on Monday, hitting $46.34. The stock had a trading volume of 352,717 shares. The stock has a 50 day moving average price of $47.93 and a 200-day moving average price of $50.78. Chemical Financial has a 52 week low of $34.82 and a 52 week high of $55.55. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 20.32 and a beta of 1.11.
Chemical Financial (NASDAQ:CHFC) last issued its quarterly earnings results on Tuesday, April 25th. The bank reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. The business had revenue of $168.11 million for the quarter, compared to analysts’ expectations of $173.51 million. Chemical Financial had a net margin of 20.09% and a return on equity of 8.95%. Equities research analysts anticipate that Chemical Financial will post $3.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders 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 dividend on an annualized basis and a yield of 2.33%. Chemical Financial’s dividend payout ratio (DPR) is currently 50.47%.
In other Chemical Financial news, Director Richard M. Lievense sold 13,351 shares of the company’s stock in a transaction on Friday, April 28th. The shares were sold at an average price of $47.87, for a total transaction of $639,112.37. Following the sale, the director now owns 59,192 shares of the company’s stock, valued at $2,833,521.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry D. Stauffer sold 3,350 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $53.18, for a total transaction of $178,153.00. Following the sale, the director now directly owns 15,356 shares in the company, valued at approximately $816,632.08. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
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About Chemical Financial
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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