ValuEngine Upgrades Chemical Financial (CHFC) to Buy

Chemical Financial (NASDAQ:CHFC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Wednesday, March 7th.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Chemical Financial from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, December 26th. Hilliard Lyons upgraded shares of Chemical Financial from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. DA Davidson increased their price target on shares of Chemical Financial to $70.00 and gave the company an “average” rating in a research report on Thursday, January 25th. Boenning Scattergood set a $43.00 price target on shares of Chemical Financial and gave the company a “sell” rating in a research report on Tuesday, January 2nd. Finally, BidaskClub lowered shares of Chemical Financial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Chemical Financial has a consensus rating of “Hold” and a consensus price target of $58.57.

How to Become a New Pot Stock Millionaire

Shares of CHFC stock traded up $0.57 on Wednesday, hitting $54.68. The stock had a trading volume of 348,276 shares, compared to its average volume of 328,508. The company has a market cap of $3,898.85, a P/E ratio of 17.87, a P/E/G ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. Chemical Financial has a 12-month low of $43.61 and a 12-month high of $59.83.

Chemical Financial (NASDAQ:CHFC) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.05. The company had revenue of $178.22 million during the quarter, compared to analyst estimates of $183.89 million. Chemical Financial had a net margin of 19.26% and a return on equity of 8.46%. research analysts expect that Chemical Financial will post 3.91 earnings per share for the current fiscal year.

In other news, Director Richard M. Lievense sold 6,298 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $57.92, for a total value of $364,780.16. Following the completion of the transaction, the director now directly owns 28,669 shares in the company, valued at $1,660,508.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Dennis L. Klaeser sold 53,536 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $58.48, for a total transaction of $3,130,785.28. The disclosure for this sale can be found here. Insiders have sold 67,236 shares of company stock valued at $3,933,758 in the last quarter. Company insiders own 1.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in shares of Chemical Financial by 10.6% in the third quarter. Sei Investments Co. now owns 22,483 shares of the bank’s stock valued at $1,175,000 after acquiring an additional 2,154 shares during the period. Swiss National Bank boosted its position in shares of Chemical Financial by 2.3% in the fourth quarter. Swiss National Bank now owns 121,103 shares of the bank’s stock valued at $6,475,000 after acquiring an additional 2,700 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Chemical Financial by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,971,100 shares of the bank’s stock valued at $155,269,000 after acquiring an additional 44,421 shares during the period. Sterling Capital Management LLC boosted its position in shares of Chemical Financial by 1.0% in the third quarter. Sterling Capital Management LLC now owns 481,537 shares of the bank’s stock valued at $25,165,000 after acquiring an additional 4,836 shares during the period. Finally, Carillon Tower Advisers Inc. bought a new position in shares of Chemical Financial in the fourth quarter valued at approximately $2,820,000. Institutional investors own 80.05% of the company’s stock.

WARNING: This piece of content was originally posted by BBNS and is the sole property of of BBNS. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://baseballnewssource.com/2018/04/01/chemical-financial-chfc-raised-to-buy-at-valuengine/2000229.html.

About Chemical Financial

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Chemical Financial (NASDAQ:CHFC)

Receive News & Ratings for Chemical Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemical Financial and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Almora Jr. and Baez Could Become Cubs new One-Two Tandem
Red Sox Tie Record for Best Start After 17 Games
Red Sox Tie Record for Best Start After 17 Games
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Bryce Harper Hits 406-Foot Home Run While Breaking His Bat
Rick Porcello’s Strong Start Gives Boost to Red Sox
Rick Porcello’s Strong Start Gives Boost to Red Sox
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Two Bench Clearing Incidents Revive Red Sox-Yankees Rivalry
Xander Bogaerts Goes on Red Sox DL
Xander Bogaerts Goes on Red Sox DL


Leave a Reply

 
© 2006-2018 BBNS.