State of Wisconsin Investment Board raised its holdings in Chemical Financial Corporation (NASDAQ:CHFC) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 175,001 shares of the bank’s stock after acquiring an additional 5,000 shares during the period. State of Wisconsin Investment Board owned approximately 0.25% of Chemical Financial Corporation worth $9,146,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CHFC. KCG Holdings Inc. acquired a new stake in Chemical Financial Corporation in the 1st quarter valued at about $235,000. Capstone Asset Management Co. grew its stake in shares of Chemical Financial Corporation by 2.7% in the 2nd quarter. Capstone Asset Management Co. now owns 5,319 shares of the bank’s stock valued at $257,000 after buying an additional 140 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Chemical Financial Corporation by 6.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 26,177 shares of the bank’s stock valued at $1,267,000 after buying an additional 1,677 shares during the period. LS Investment Advisors LLC grew its stake in shares of Chemical Financial Corporation by 18.1% in the 2nd quarter. LS Investment Advisors LLC now owns 5,649 shares of the bank’s stock valued at $273,000 after buying an additional 864 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of Chemical Financial Corporation by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank’s stock valued at $900,000 after buying an additional 700 shares during the period. Institutional investors own 78.52% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “State of Wisconsin Investment Board Acquires 5,000 Shares of Chemical Financial Corporation (CHFC)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/17/state-of-wisconsin-investment-board-acquires-5000-shares-of-chemical-financial-corporation-chfc.html.

Several research firms have recently weighed in on CHFC. ValuEngine cut shares of Chemical Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $54.00 price target on shares of Chemical Financial Corporation in a research note on Thursday, August 10th. Boenning Scattergood cut shares of Chemical Financial Corporation from a “neutral” rating to an “under perform” rating and set a $41.50 price target for the company. in a research note on Tuesday, September 19th. Stephens reissued a “buy” rating on shares of Chemical Financial Corporation in a research note on Wednesday, July 26th. Finally, BidaskClub cut shares of Chemical Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Chemical Financial Corporation presently has an average rating of “Hold” and an average target price of $54.07.

In other Chemical Financial Corporation news, Director Larry D. Stauffer sold 1,900 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $53.19, for a total transaction of $101,061.00. Following the sale, the director now directly owns 15,853 shares in the company, valued at approximately $843,221.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lori A. Gwizdala sold 2,800 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $54.50, for a total transaction of $152,600.00. Following the sale, the insider now owns 49,574 shares in the company, valued at $2,701,783. The disclosure for this sale can be found here. 2.20% of the stock is owned by corporate insiders.

Chemical Financial Corporation (NASDAQ:CHFC) opened at $52.81 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3,722.85, a P/E ratio of 17.73, a P/E/G ratio of 1.92 and a beta of 1.14. Chemical Financial Corporation has a 1 year low of $43.61 and a 1 year high of $55.55.

Chemical Financial Corporation (NASDAQ:CHFC) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.02. The firm had revenue of $175.75 million during the quarter, compared to analysts’ expectations of $182.78 million. Chemical Financial Corporation had a net margin of 24.23% and a return on equity of 8.05%. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. analysts expect that Chemical Financial Corporation will post 3.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.12%. Chemical Financial Corporation’s dividend payout ratio (DPR) is presently 42.75%.

Chemical Financial Corporation 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.

Institutional Ownership by Quarter for Chemical Financial Corporation (NASDAQ:CHFC)

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