Chemical Financial (CHFC) Scheduled to Post Earnings on Tuesday
Chemical Financial (NASDAQ:CHFC) will be posting its quarterly earnings results after the market closes on Tuesday, January 23rd. Analysts expect Chemical Financial to post earnings of $0.81 per share for the quarter.
Chemical Financial (NASDAQ:CHFC) last issued its earnings results on Tuesday, October 24th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. Chemical Financial had a net margin of 24.23% and a return on equity of 8.05%. The business had revenue of $175.75 million during the quarter, compared to analysts’ expectations of $182.78 million. During the same quarter in the prior year, the business posted $0.75 EPS. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. On average, analysts expect Chemical Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Chemical Financial (NASDAQ CHFC) opened at $56.28 on Tuesday. Chemical Financial has a twelve month low of $43.61 and a twelve month high of $58.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.94 and a quick ratio of 0.93. The stock has a market cap of $4,005.39, a price-to-earnings ratio of 21.48, a PEG ratio of 1.66 and a beta of 1.15.
In related news, insider Lori A. Gwizdala sold 2,800 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $54.50, for a total transaction of $152,600.00. Following the completion of the sale, the insider now owns 49,574 shares in the company, valued at approximately $2,701,783. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gregory R. Bixby sold 3,500 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $57.05, for a total transaction of $199,675.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,619 shares of company stock valued at $755,964. 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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