Chemical Financial Corp. (NASDAQ:CHFC) will be issuing its quarterly earnings data after the market closes on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.69 per share for the quarter.

Chemical Financial Corp. (NASDAQ:CHFC) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Chemical Financial Corp. had a net margin of 24.58% and a return on equity of 10.21%. On average, analysts expect Chemical Financial Corp. to post $2.78 EPS for the current fiscal year and $3.09 EPS for the next fiscal year.

Earnings History for Chemical Financial Corp. (NASDAQ:CHFC)

Shares of Chemical Financial Corp. (NASDAQ:CHFC) opened at 43.34 on Tuesday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 16.88 and a beta of 1.34. Chemical Financial Corp. has a 1-year low of $29.40 and a 1-year high of $47.62. The stock has a 50 day moving average of $44.44 and a 200-day moving average of $40.56.

CHFC has been the topic of a number of research reports. Zacks Investment Research cut shares of Chemical Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Stephens initiated coverage on shares of Chemical Financial Corp. in a research note on Friday, September 2nd. They issued an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Chemical Financial Corp. from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.50.

In other news, insider Thomas W. Kohn sold 1,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $46.75, for a total transaction of $46,750.00. Following the transaction, the insider now directly owns 46,037 shares in the company, valued at approximately $2,152,229.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David T. Provost sold 279,101 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $45.24, for a total transaction of $12,626,529.24. Following the transaction, the director now owns 324,610 shares in the company, valued at $14,685,356.40. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Advisors LLC raised its position in shares of Chemical Financial Corp. by 12.2% in the second quarter. BlackRock Advisors LLC now owns 18,130 shares of the company’s stock valued at $676,000 after buying an additional 1,972 shares during the last quarter. BlackRock Investment Management LLC raised its position in shares of Chemical Financial Corp. by 23.3% in the second quarter. BlackRock Investment Management LLC now owns 157,308 shares of the company’s stock valued at $5,866,000 after buying an additional 29,716 shares during the last quarter. BlackRock Inc. raised its position in shares of Chemical Financial Corp. by 341.5% in the second quarter. BlackRock Inc. now owns 13,594 shares of the company’s stock valued at $507,000 after buying an additional 10,515 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Chemical Financial Corp. by 14.5% in the second quarter. BlackRock Fund Advisors now owns 932,460 shares of the company’s stock valued at $34,771,000 after buying an additional 118,143 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Chemical Financial Corp. by 9.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,099,829 shares of the company’s stock valued at $41,013,000 after buying an additional 96,693 shares during the last quarter. Institutional investors and hedge funds own 71.10% of the company’s stock.

About Chemical Financial Corp.

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. Its 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, debit cards, access to insurance and investment products, corporate and personal wealth management services, and other banking services.

5 Day Chart for NASDAQ:CHFC

Receive News & Stock Ratings for Chemical Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemical Financial Corp. and related stocks with our FREE daily email newsletter.