Chemical Financial Corporation (NASDAQ:CHFC) Director Ronald A. Klein sold 2,619 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $56.75, for a total value of $148,628.25. Following the completion of the transaction, the director now directly owns 9,139 shares of the company’s stock, valued at $518,638.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chemical Financial Corporation (NASDAQ:CHFC) traded down $0.99 during trading on Wednesday, reaching $55.82. The company had a trading volume of 443,700 shares, compared to its average volume of 327,673. The firm has a market capitalization of $4,043.11, a price-to-earnings ratio of 19.26, a P/E/G ratio of 2.11 and a beta of 1.14. Chemical Financial Corporation has a 52-week low of $43.61 and a 52-week high of $58.17. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.94 and a quick ratio of 0.93.

Chemical Financial (NASDAQ:CHFC) last released its earnings results on Tuesday, October 24th. The bank reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The firm had revenue of $175.75 million during the quarter, compared to analyst estimates of $182.78 million. Chemical Financial had a return on equity of 8.05% and a net margin of 24.23%. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. equities research analysts forecast that Chemical Financial Corporation will post 2.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.28 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.12 annualized dividend and a yield of 2.01%. Chemical Financial’s payout ratio is currently 42.75%.

A number of institutional investors have recently added to or reduced their stakes in CHFC. Vaughan Nelson Investment Management L.P. grew its position in Chemical Financial by 143.0% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,279,260 shares of the bank’s stock valued at $119,114,000 after acquiring an additional 1,341,400 shares during the period. Koch Industries Inc. purchased a new stake in Chemical Financial during the second quarter valued at about $515,000. Schroder Investment Management Group grew its position in Chemical Financial by 24.1% during the second quarter. Schroder Investment Management Group now owns 1,575,071 shares of the bank’s stock valued at $76,407,000 after acquiring an additional 305,958 shares during the period. BlackRock Inc. grew its position in Chemical Financial by 2.9% during the second quarter. BlackRock Inc. now owns 7,327,868 shares of the bank’s stock valued at $354,743,000 after acquiring an additional 206,663 shares during the period. Finally, Castine Capital Management LLC purchased a new stake in Chemical Financial during the third quarter valued at about $7,839,000. Hedge funds and other institutional investors own 78.44% of the company’s stock.

A number of research firms have recently weighed in on CHFC. BidaskClub raised Chemical Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $54.00 target price on shares of Chemical Financial in a research note on Thursday, August 10th. ValuEngine upgraded Chemical Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered Chemical Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Boenning Scattergood lowered Chemical Financial from a “neutral” rating to an “under perform” rating and set a $41.50 target price for the company. in a research note on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $54.07.

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Chemical Financial 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.

Insider Buying and Selling by Quarter for Chemical Financial (NASDAQ:CHFC)

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