Chemical Financial Co. (NASDAQ:CHFC) VP Dennis L. Klaeser sold 53,536 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $58.48, for a total transaction of $3,130,785.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chemical Financial Co. (CHFC) opened at $56.19 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $3,970.00, a P/E ratio of 18.36, a PEG ratio of 1.59 and a beta of 1.21. Chemical Financial Co. has a 52-week low of $43.61 and a 52-week high of $59.83.

Chemical Financial (NASDAQ:CHFC) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. The business had revenue of $178.22 million during the quarter, compared to analyst estimates of $183.89 million. Chemical Financial had a net margin of 19.26% and a return on equity of 8.46%. analysts forecast that Chemical Financial Co. will post 3.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, March 1st. Chemical Financial’s dividend payout ratio is presently 36.60%.

Several large investors have recently bought and sold shares of CHFC. Sei Investments Co. increased its position in Chemical Financial by 10.6% during the third quarter. Sei Investments Co. now owns 22,483 shares of the bank’s stock worth $1,175,000 after purchasing an additional 2,154 shares during the last quarter. Koch Industries Inc. acquired a new position in Chemical Financial during the second quarter worth approximately $515,000. Dimensional Fund Advisors LP increased its position in Chemical Financial by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,971,100 shares of the bank’s stock worth $155,269,000 after purchasing an additional 44,421 shares during the last quarter. Sterling Capital Management LLC increased its position in Chemical Financial by 1.0% during the third quarter. Sterling Capital Management LLC now owns 481,537 shares of the bank’s stock worth $25,165,000 after purchasing an additional 4,836 shares during the last quarter. Finally, Aperio Group LLC increased its position in Chemical Financial by 29.3% during the third quarter. Aperio Group LLC now owns 18,048 shares of the bank’s stock worth $943,000 after purchasing an additional 4,094 shares during the last quarter. 78.45% of the stock is owned by institutional investors and hedge funds.

Several brokerages have issued reports on CHFC. DA Davidson upped their price target on shares of Chemical Financial to $70.00 and gave the company an “average” rating in a report on Thursday, January 25th. Hilliard Lyons raised shares of Chemical Financial from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. ValuEngine raised shares of Chemical Financial from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub raised shares of Chemical Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Chemical Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.29.

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About Chemical Financial

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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