Headlines about Chemical Financial (NASDAQ:CHFC) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chemical Financial earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 45.8867325940827 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research firms have weighed in on CHFC. ValuEngine raised shares of Chemical Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $63.00 price objective on shares of Chemical Financial in a research note on Tuesday, February 27th. Zacks Investment Research lowered shares of Chemical Financial from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Finally, Boenning Scattergood reaffirmed a “sell” rating on shares of Chemical Financial in a research note on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Chemical Financial currently has an average rating of “Hold” and a consensus target price of $59.17.
NASDAQ:CHFC opened at $57.74 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.92 and a current ratio of 0.92. Chemical Financial has a 52 week low of $43.61 and a 52 week high of $59.83. The firm has a market capitalization of $4.12 billion, a PE ratio of 18.87, a PEG ratio of 1.64 and a beta of 1.20.
Chemical Financial (NASDAQ:CHFC) last posted its quarterly earnings data on Tuesday, April 24th. The bank reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. Chemical Financial had a net margin of 21.15% and a return on equity of 9.10%. The company had revenue of $192.42 million for the quarter, compared to analyst estimates of $186.62 million. equities research analysts forecast that Chemical Financial will post 3.91 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, May 31st. Chemical Financial’s dividend payout ratio is currently 36.60%.
In related news, insider Robert Rathbun sold 5,000 shares of the stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $58.86, for a total transaction of $294,300.00. Following the transaction, the insider now directly owns 16,449 shares of the company’s stock, valued at $968,188.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Larry D. Stauffer sold 1,800 shares of the stock in a transaction on Friday, April 27th. The stock was sold at an average price of $56.18, for a total transaction of $101,124.00. Following the transaction, the director now directly owns 14,053 shares in the company, valued at $789,497.54. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Chemical Financial Company Profile
Chemical Financial Corporation operates as a financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers. It offers 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, safe deposit box, money transfer, automated teller machines, insurance and investment products, corporate and personal wealth management, and mortgage banking and other banking services.
Receive News & Ratings for Chemical Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemical Financial and related companies with MarketBeat.com's FREE daily email newsletter.