Media stories about Chemical Financial Corporation (NASDAQ:CHFC) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Chemical Financial Corporation earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.8172431294077 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of analysts have commented on CHFC shares. BidaskClub raised Chemical Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded Chemical Financial Corporation from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Tuesday, October 10th. Boenning Scattergood reiterated a “sell” rating on shares of Chemical Financial Corporation in a research note on Thursday, October 26th. Keefe, Bruyette & Woods lowered Chemical Financial Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. Finally, ValuEngine lowered Chemical Financial Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $54.07.
Chemical Financial Corporation (NASDAQ CHFC) traded up $0.48 during midday trading on Tuesday, hitting $54.11. The company’s stock had a trading volume of 159,700 shares, compared to its average volume of 327,836. The stock has a market cap of $3,816.79, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.99 and a beta of 1.14. Chemical Financial Corporation has a twelve month low of $43.61 and a twelve month high of $55.55. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.94 and a quick ratio of 0.93.
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 paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.12 annualized dividend and a dividend yield of 2.07%. Chemical Financial Corporation’s dividend payout ratio is presently 42.75%.
In related news, Director Larry D. Stauffer sold 1,900 shares of Chemical Financial Corporation stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $53.19, for a total value of $101,061.00. Following the completion of the transaction, the director now owns 15,853 shares in the company, valued at approximately $843,221.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lori A. Gwizdala sold 2,800 shares of Chemical Financial Corporation stock in a transaction dated 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 owns 49,574 shares of the company’s stock, valued at approximately $2,701,783. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
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Chemical Financial Corporation 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.
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