Chemical Financial Corp. (CHFC) Insider Lori A. Gwizdala Sells 500 Shares
Chemical Financial Corp. (NASDAQ:CHFC) insider Lori A. Gwizdala sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $51.08, for a total value of $25,540.00. Following the sale, the insider now owns 48,395 shares of the company’s stock, valued at $2,472,016.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Chemical Financial Corp. (NASDAQ:CHFC) traded down 0.08% during mid-day trading on Tuesday, reaching $51.34. The company’s stock had a trading volume of 34,611 shares. Chemical Financial Corp. has a 1-year low of $29.40 and a 1-year high of $51.80. The firm has a market capitalization of $3.62 billion, a P/E ratio of 25.03 and a beta of 1.04. The company’s 50-day moving average is $45.09 and its 200 day moving average is $42.04.
Chemical Financial Corp. (NASDAQ:CHFC) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.69 by $0.03. Chemical Financial Corp. had a return on equity of 8.15% and a net margin of 19.60%. On average, analysts expect that Chemical Financial Corp. will post $2.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.10%. Chemical Financial Corp.’s dividend payout ratio is currently 50.47%.
Several analysts recently commented on the company. Zacks Investment Research cut Chemical Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. Stephens started coverage on Chemical Financial Corp. in a report on Friday, September 2nd. They issued an “equal weight” rating for the company. Finally, Keefe, Bruyette & Woods upped their target price on Chemical Financial Corp. from $43.00 to $45.00 and gave the company an “outperform” rating in a report 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 company. Chemical Financial Corp. has a consensus rating of “Buy” and a consensus price target of $43.00.
Several hedge funds have recently bought and sold shares of CHFC. BlackRock Inc. boosted its stake in Chemical Financial Corp. by 271.9% in the first quarter. BlackRock Inc. now owns 3,079 shares of the company’s stock valued at $110,000 after buying an additional 2,251 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Chemical Financial Corp. during the third quarter valued at approximately $114,000. FineMark National Bank & Trust boosted its stake in Chemical Financial Corp. by 0.6% in the second quarter. FineMark National Bank & Trust now owns 3,086 shares of the company’s stock valued at $115,000 after buying an additional 17 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Chemical Financial Corp. by 4.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,783 shares of the company’s stock valued at $123,000 after buying an additional 114 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in Chemical Financial Corp. during the third quarter valued at approximately $164,000. 55.49% of the stock is owned by institutional investors and hedge funds.
Chemical Financial Corp. 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. 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.
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