Somewhat Positive News Coverage Somewhat Unlikely to Affect Chemical Financial Corporation (CHFC) Stock Price
Media headlines about Chemical Financial Corporation (NASDAQ:CHFC) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chemical Financial Corporation earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 47.5143012655664 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- ETFs with exposure to Chemical Financial Corp. : October 3, 2017 (finance.yahoo.com)
- Consensus score reveals Buy position in Financial Stock: Chemical Financial Corporation (CHFC) – Street Observer (press release) (streetobserver.com)
- Chemical Financial Corporation (CHFC) Expected to Post Quarterly Sales of $182.21 Million (americanbankingnews.com)
- Chemical Bank closes branches in Zeeland, Holland and Fennville (hollandsentinel.com)
- Chemical Financial : Bank closes branches in Zeeland, Holland and Fennville (4-traders.com)
Several research analysts have recently commented on the company. BidaskClub upgraded Chemical Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Chemical Financial Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. DA Davidson started coverage on shares of Chemical Financial Corporation in a research note on Wednesday, July 5th. They set a “buy” rating and a $58.00 target price on the stock. Piper Jaffray Companies started coverage on shares of Chemical Financial Corporation in a report on Thursday, July 6th. They issued an “overweight” rating and a $56.00 target price on the stock. Finally, Stephens upgraded shares of Chemical Financial Corporation from an “equal weight” rating to an “overweight” rating and set a $56.00 target price on the stock in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $54.07.
Shares of Chemical Financial Corporation (CHFC) opened at 52.96 on Wednesday. The firm’s 50 day moving average is $47.60 and its 200-day moving average is $48.03. The firm has a market capitalization of $3.77 billion, a PE ratio of 22.20 and a beta of 1.15. Chemical Financial Corporation has a 12 month low of $40.93 and a 12 month high of $55.55.
Chemical Financial Corporation (NASDAQ:CHFC) last released its earnings results on Tuesday, July 25th. The bank reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Chemical Financial Corporation had a return on equity of 7.32% and a net margin of 22.28%. The firm had revenue of $179.52 million during the quarter, compared to analyst estimates of $178.21 million. On average, analysts expect that Chemical Financial Corporation will post $2.97 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.11%. This is a positive change from Chemical Financial Corporation’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, August 30th. Chemical Financial Corporation’s dividend payout ratio (DPR) is presently 49.34%.
In related news, Director Larry D. Stauffer sold 2,110 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $47.47, for a total value of $100,161.70. Following the sale, the director now directly owns 13,246 shares of the company’s stock, valued at $628,787.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard M. Lievense sold 14,659 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $48.20, for a total transaction of $706,563.80. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.
Chemical Financial Corporation 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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