Insider Selling: Chemical Financial Co. (CHFC) Insider Sells 5,594 Shares of Stock

Chemical Financial Co. (NASDAQ:CHFC) insider Lori A. Gwizdala sold 5,594 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $59.27, for a total transaction of $331,556.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Chemical Financial Co. (NASDAQ CHFC) opened at $58.09 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94. Chemical Financial Co. has a 52 week low of $43.61 and a 52 week high of $59.83. The stock has a market cap of $4,136.42, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

Chemical Financial (NASDAQ:CHFC) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.05. The company had revenue of $178.22 million during the quarter, compared to the consensus estimate of $183.89 million. Chemical Financial had a net margin of 19.26% and a return on equity of 8.46%. sell-side analysts predict that Chemical Financial Co. will post 3.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.12 annualized dividend and a dividend yield of 1.93%. Chemical Financial’s dividend payout ratio (DPR) is presently 53.59%.

Several research firms have issued reports on CHFC. Hilliard Lyons upgraded shares of Chemical Financial from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. DA Davidson boosted their price objective on shares of Chemical Financial to $70.00 and gave the stock an “average” rating in a research note on Thursday, January 25th. BidaskClub upgraded shares of Chemical Financial from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine downgraded shares of Chemical Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $62.00 price objective on shares of Chemical Financial in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Chemical Financial presently has an average rating of “Hold” and an average price target of $57.29.

Several hedge funds have recently made changes to their positions in the company. Aperio Group LLC boosted its stake in shares of Chemical Financial by 5.4% in the fourth quarter. Aperio Group LLC now owns 19,031 shares of the bank’s stock valued at $1,018,000 after purchasing an additional 983 shares during the period. Telemus Capital LLC purchased a new position in shares of Chemical Financial in the fourth quarter valued at $786,000. Monarch Partners Asset Management LLC purchased a new position in shares of Chemical Financial in the fourth quarter valued at $11,526,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Chemical Financial in the fourth quarter valued at $244,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Chemical Financial by 57.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,785 shares of the bank’s stock valued at $202,000 after purchasing an additional 1,380 shares during the period. Institutional investors and hedge funds own 78.45% 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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