Chemical Financial Corp. Given New $29.00 Price Target at Keefe, Bruyette & Woods (CHFC)
Equities research analysts at Keefe, Bruyette & Woods lifted their price target on shares of Chemical Financial Corp. (NASDAQ:CHFC) from $28.00 to $29.00 in a research note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 4.81% from the company’s current price.
Chemical Financial Corp. (NASDAQ:CHFC) traded down 2.16% on Monday, hitting $27.67. 162,214 shares of the company’s stock traded hands. Chemical Financial Corp. has a 52 week low of $20.60 and a 52 week high of $31.53. The stock’s 50-day moving average is $28.51 and its 200-day moving average is $26.65. The company has a market cap of $762.0 million and a price-to-earnings ratio of 14.96.
Chemical Financial Corp. (NASDAQ:CHFC) last posted its quarterly earnings results on Wednesday, July 17th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Analysts expect that Chemical Financial Corp. will post $1.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Wednesday, September 4th. This is a boost from Chemical Financial Corp.’s previous quarterly dividend of $0.21.
Chemical Financial Corporation (NASDAQ:CHFC) is a financial holding company.
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