Chemical Financial (CHFC) Earning Somewhat Favorable Press Coverage, Report Shows

News headlines about Chemical Financial (NASDAQ:CHFC) have trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chemical Financial earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the bank an impact score of 46.0859042215453 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s scoring:

A number of equities analysts have recently issued reports on CHFC shares. BidaskClub raised Chemical Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Boenning Scattergood reissued a “sell” rating on shares of Chemical Financial in a report on Thursday, October 26th. Piper Jaffray Companies reissued a “buy” rating and issued a $55.00 target price on shares of Chemical Financial in a report on Friday, October 27th. ValuEngine cut Chemical Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods cut 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, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.07.

Chemical Financial (CHFC) traded down $0.64 during mid-day trading on Monday, reaching $54.45. The company had a trading volume of 181,260 shares, compared to its average volume of 326,895. Chemical Financial has a 12-month low of $43.61 and a 12-month high of $58.17. The firm has a market cap of $3,920.70, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.05 and a beta of 1.14. 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 quarterly earnings results on Tuesday, October 24th. The bank reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.02. Chemical Financial had a return on equity of 8.05% and a net margin of 24.23%. The firm had revenue of $175.75 million during the quarter, compared to analysts’ expectations of $182.78 million. During the same period last year, the firm posted $0.75 EPS. The business’s revenue was up 41.1% on a year-over-year basis. equities research analysts forecast that Chemical Financial will post 2.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.06%. Chemical Financial’s dividend payout ratio is 42.75%.

In related news, insider Lori A. Gwizdala sold 2,800 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $54.50, for a total transaction of $152,600.00. Following the completion of the sale, the insider now directly owns 49,574 shares of the company’s stock, valued at approximately $2,701,783. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald A. Klein sold 2,619 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $56.75, for a total value of $148,628.25. Following the sale, the director now directly owns 9,139 shares of the company’s stock, valued at $518,638.25. The disclosure for this sale can be found here. Insiders have sold a total of 13,619 shares of company stock valued at $755,964 over the last ninety days. Insiders own 2.20% of the company’s stock.

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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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