Chemical Financial Corp. (NASDAQ:CHFC) – Equities researchers at FIG Partners issued their FY2018 earnings per share estimates for Chemical Financial Corp. in a research note issued on Monday. FIG Partners analyst J. Rodis forecasts that the firm will post earnings of $3.45 per share for the year.

Chemical Financial Corp. (NASDAQ:CHFC) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.03. Chemical Financial Corp. had a net margin of 19.60% and a return on equity of 8.15%.

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Earnings History and Estimates for Chemical Financial Corp. (NASDAQ:CHFC)

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Chemical Financial Corp. from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Tuesday, November 8th. Stephens assumed coverage on shares of Chemical Financial Corp. in a report on Friday, September 2nd. They set an “equal weight” rating for the company. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $45.50.

Chemical Financial Corp. (NASDAQ:CHFC) traded up 1.25% on Tuesday, reaching $51.96. 306,752 shares of the company traded hands. The stock’s 50-day moving average is $46.00 and its 200-day moving average is $42.48. Chemical Financial Corp. has a 1-year low of $29.40 and a 1-year high of $53.03. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 25.33 and a beta of 1.04.

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of Chemical Financial Corp. by 12.0% in the second quarter. California State Teachers Retirement System now owns 80,244 shares of the company’s stock worth $2,992,000 after buying an additional 8,583 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Chemical Financial Corp. by 7.7% in the second quarter. Bank of New York Mellon Corp now owns 208,245 shares of the company’s stock worth $7,764,000 after buying an additional 14,868 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Chemical Financial Corp. during the second quarter worth approximately $955,000. Artemis Investment Management LLP boosted its stake in shares of Chemical Financial Corp. by 232.5% in the second quarter. Artemis Investment Management LLP now owns 749,700 shares of the company’s stock worth $27,953,000 after buying an additional 524,250 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in shares of Chemical Financial Corp. by 2.0% in the second quarter. Pitcairn Co. now owns 7,111 shares of the company’s stock worth $266,000 after buying an additional 139 shares in the last quarter. 74.67% of the stock is owned by institutional investors and hedge funds.

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In other Chemical Financial Corp. news, EVP Thomas C. Shafer sold 34,456 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $45.24, for a total transaction of $1,558,789.44. Following the completion of the sale, the executive vice president now directly owns 61,234 shares of the company’s stock, valued at $2,770,226.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lori A. Gwizdala sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $51.08, for a total transaction of $25,540.00. Following the sale, the insider now directly owns 48,395 shares of the company’s stock, valued at $2,472,016.60. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.08%. Chemical Financial Corp.’s payout ratio is 50.47%.

Chemical Financial Corp. 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. Its 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, debit cards, access to insurance and investment products, corporate and personal wealth management services, and other banking services.

5 Day Chart for NASDAQ:CHFC

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