Chemical Financial (CHFC) – Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Chemical Financial (NASDAQ: CHFC) in the last few weeks:

  • 1/26/2018 – Chemical Financial was upgraded by analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating.
  • 1/25/2018 – Chemical Financial had its price target raised by analysts at DA Davidson from $4.09 to $70.00. They now have an “average” rating on the stock.
  • 1/11/2018 – Chemical Financial was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/10/2018 – Chemical Financial was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 1/9/2018 – Chemical Financial had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $62.00 price target on the stock.
  • 1/4/2018 – Chemical Financial was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 1/2/2018 – Chemical Financial was given a new $43.00 price target on by analysts at Boenning Scattergood. They now have a “sell” rating on the stock.
  • 12/26/2017 – Chemical Financial was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “CHEMICAL FINANCIAL CORP. is a multi-bank holding company. The company business is concentrated in a single industry segment, commercial banking. Subsidiaries offer a full range of commercial banking and fiduciary services. These include accepting deposits, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit services, automated teller machines, money transfer services, corporate and personal trust services and other banking services. “
  • 12/12/2017 – Chemical Financial was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 12/6/2017 – Chemical Financial was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/1/2017 – Chemical Financial was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Chemical Financial Co. (NASDAQ CHFC) traded down $0.83 during trading hours on Monday, reaching $58.35. 375,552 shares of the company traded hands, compared to its average volume of 357,550. Chemical Financial Co. has a 1-year low of $43.61 and a 1-year high of $59.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $4,214.03, a price-to-earnings ratio of 27.92, a P/E/G ratio of 1.72 and a beta of 1.15.

Chemical Financial (NASDAQ:CHFC) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. Chemical Financial had a net margin of 19.26% and a return on equity of 8.46%. The business had revenue of $178.22 million for the quarter, compared to analyst estimates of $183.89 million. analysts anticipate that Chemical Financial Co. will post 3.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, March 1st. Chemical Financial’s payout ratio is currently 53.59%.

In related news, insider Lori A. Gwizdala sold 2,800 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $55.00, for a total transaction of $154,000.00. Following the sale, the insider now owns 46,774 shares of the company’s stock, valued at $2,572,570. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard M. Lievense sold 6,298 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $57.92, for a total transaction of $364,780.16. Following the sale, the director now directly owns 28,669 shares in the company, valued at approximately $1,660,508.48. The disclosure for this sale can be found here. Insiders have sold 15,217 shares of company stock worth $867,083 in the last three months. 2.20% of the stock is currently owned by insiders.

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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