Media coverage about Chemical Financial (NASDAQ:CHFC) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chemical Financial earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.6907478130619 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research firms have weighed in on CHFC. BidaskClub raised shares of Chemical Financial from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. ValuEngine raised shares of Chemical Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $62.00 price target on shares of Chemical Financial in a report on Tuesday, January 9th. Boenning Scattergood set a $43.00 price target on shares of Chemical Financial and gave the company a “sell” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research cut shares of Chemical Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. 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. Chemical Financial has an average rating of “Hold” and an average price target of $58.57.
Chemical Financial (NASDAQ:CHFC) opened at $58.49 on Wednesday. The firm has a market cap of $4,198.31, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.14. Chemical Financial has a fifty-two week low of $43.61 and a fifty-two week high of $59.83.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.91%. Chemical Financial’s payout ratio is presently 53.59%.
In other Chemical Financial news, insider Lori A. Gwizdala sold 1,808 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $58.98, for a total transaction of $106,635.84. Following the transaction, the insider now owns 50,560 shares in the company, valued at approximately $2,982,028.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard M. Lievense sold 6,298 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $57.92, for a total transaction of $364,780.16. Following the transaction, the director now owns 28,669 shares in the company, valued at approximately $1,660,508.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,236 shares of company stock worth $3,933,758. Company insiders own 2.20% of the company’s stock.
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.
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