Chemical Financial Corporation (NASDAQ:CHFC) Director Ronald A. Klein sold 2,619 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $56.75, for a total transaction of $148,628.25. Following the completion of the transaction, the director now owns 9,139 shares of the company’s stock, valued at approximately $518,638.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Chemical Financial Corporation (NASDAQ:CHFC) traded down $0.99 during mid-day trading on Tuesday, hitting $55.82. 443,728 shares of the company were exchanged, compared to its average volume of 327,673. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $4,018.20, a P/E ratio of 19.14, a P/E/G ratio of 2.10 and a beta of 1.14. Chemical Financial Corporation has a 12-month low of $43.61 and a 12-month high of $58.17.

Chemical Financial (NASDAQ:CHFC) last issued its earnings results on Tuesday, October 24th. The bank reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The firm had revenue of $175.75 million during the quarter, compared to the consensus estimate of $182.78 million. Chemical Financial had a net margin of 24.23% and a return on equity of 8.05%. The company’s revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. equities analysts expect that Chemical Financial Corporation will post 2.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors 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 dividend on an annualized basis and a dividend yield of 2.01%. Chemical Financial’s payout ratio is currently 42.75%.

Several hedge funds have recently modified their holdings of CHFC. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Chemical Financial by 19.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,405 shares of the bank’s stock worth $116,000 after purchasing an additional 389 shares in the last quarter. Zions Bancorporation purchased a new stake in Chemical Financial in the third quarter valued at $121,000. PNC Financial Services Group Inc. lifted its position in Chemical Financial by 220.5% in the second quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the bank’s stock valued at $177,000 after acquiring an additional 2,525 shares during the last quarter. Riverhead Capital Management LLC lifted its position in Chemical Financial by 59.5% in the second quarter. Riverhead Capital Management LLC now owns 3,827 shares of the bank’s stock valued at $185,000 after acquiring an additional 1,427 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Chemical Financial in the second quarter valued at $205,000. Hedge funds and other institutional investors own 78.44% of the company’s stock.

Several research firms have commented on CHFC. ValuEngine upgraded shares of Chemical Financial from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of Chemical Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Piper Jaffray Companies restated a “buy” rating and issued a $55.00 price target on shares of Chemical Financial in a research note on Friday, October 27th. Boenning Scattergood reiterated a “sell” rating on shares of Chemical Financial in a research note on Thursday, October 26th. Finally, Keefe, Bruyette & Woods downgraded shares of Chemical Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $54.07.

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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.

Insider Buying and Selling by Quarter for Chemical Financial (NASDAQ:CHFC)

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