Public Employees Retirement System of Ohio Purchases 299 Shares of Chemical Financial Corporation (CHFC)

Public Employees Retirement System of Ohio boosted its position in Chemical Financial Corporation (NASDAQ:CHFC) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,470 shares of the bank’s stock after buying an additional 299 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.06% of Chemical Financial Corporation worth $1,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in Chemical Financial Corporation by 2.9% in the 2nd quarter. BlackRock Inc. now owns 7,327,868 shares of the bank’s stock worth $354,743,000 after purchasing an additional 206,663 shares in the last quarter. Vanguard Group Inc. boosted its position in Chemical Financial Corporation by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,121,518 shares of the bank’s stock worth $296,344,000 after purchasing an additional 107,446 shares in the last quarter. State Street Corp boosted its position in Chemical Financial Corporation by 1.4% in the 2nd quarter. State Street Corp now owns 3,346,155 shares of the bank’s stock worth $161,989,000 after purchasing an additional 44,831 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Chemical Financial Corporation by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,926,679 shares of the bank’s stock worth $141,681,000 after purchasing an additional 99,498 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Chemical Financial Corporation by 3.3% in the 2nd quarter. Northern Trust Corp now owns 1,861,262 shares of the bank’s stock worth $90,103,000 after purchasing an additional 60,176 shares in the last quarter. Hedge funds and other institutional investors own 78.43% of the company’s stock.

Chemical Financial Corporation (NASDAQ:CHFC) opened at $52.73 on Friday. Chemical Financial Corporation has a 52-week low of $41.13 and a 52-week high of $55.55. The stock has a market capitalization of $3,751.84, a P/E ratio of 17.87, a PEG ratio of 1.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.94.

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

The company also recently disclosed 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. This represents a $1.12 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 30th. Chemical Financial Corporation’s dividend payout ratio is currently 42.75%.

A number of brokerages have recently issued reports on CHFC. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $54.00 target price on shares of Chemical Financial Corporation in a research report on Thursday, August 10th. BidaskClub lowered Chemical Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Piper Jaffray Companies reiterated a “buy” rating and set a $55.00 target price on shares of Chemical Financial Corporation in a research report on Friday, October 27th. Boenning Scattergood reiterated a “sell” rating on shares of Chemical Financial Corporation in a research report on Thursday, October 26th. Finally, Stephens reiterated a “buy” rating on shares of Chemical Financial Corporation in a research report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $54.07.

In related news, Director Larry D. Stauffer sold 2,110 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $47.47, for a total value of $100,161.70. Following the completion of the transaction, the director now directly owns 13,246 shares of the company’s stock, valued at approximately $628,787.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lori A. Gwizdala sold 2,800 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $54.50, for a total value of $152,600.00. Following the completion of the transaction, the insider now directly owns 49,574 shares of the company’s stock, valued at $2,701,783. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,810 shares of company stock valued at $353,823. 2.20% of the stock is owned by corporate insiders.

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About Chemical Financial Corporation

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)

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