News coverage about Chemical Bank (NASDAQ:CHFC) has been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chemical Bank earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 45.6907478130619 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Chemical Financial (CHFC) Downgraded to Market Perform at Keefe, Bruyette & Woods (americanbankingnews.com)
- Chemical Financial (CHFC) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
- Chemical Financial (CHFC) Downgraded to “Sell” at BidaskClub (americanbankingnews.com)
- Chemical Financial (CHFC) Stock Rating Reaffirmed by Piper Jaffray (americanbankingnews.com)
- Chemical Financial (CHFC) Downgraded by Zacks Investment Research (americanbankingnews.com)
NASDAQ CHFC traded up $0.70 during trading on Thursday, hitting $55.25. 352,177 shares of the company’s stock were exchanged, compared to its average volume of 327,647. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.14. The company has a market cap of $3,868.19, a price-to-earnings ratio of 18.03, a PEG ratio of 1.54 and a beta of 1.19. Chemical Bank 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 was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.03%. The ex-dividend date was Thursday, March 1st. Chemical Bank’s payout ratio is 36.60%.
CHFC has been the subject of a number of analyst reports. BidaskClub raised Chemical Bank from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised Chemical Bank from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Tuesday, December 26th. Boenning Scattergood set a $43.00 price target on Chemical Bank and gave the company a “sell” rating in a research note on Tuesday, January 2nd. Piper Jaffray reaffirmed a “buy” rating and issued a $62.00 price target on shares of Chemical Bank in a research note on Tuesday, January 9th. Finally, ValuEngine downgraded Chemical Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $58.57.
In other news, VP Dennis L. Klaeser sold 53,536 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $58.48, for a total transaction of $3,130,785.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard M. Lievense sold 6,298 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $57.92, for a total value of $364,780.16. Following the sale, the director now owns 28,669 shares in the company, valued at $1,660,508.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,236 shares of company stock valued at $3,933,758. Insiders own 1.40% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally posted by BBNS and is the sole property of of BBNS. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://baseballnewssource.com/2018/04/05/somewhat-favorable-media-coverage-somewhat-unlikely-to-impact-chemical-financial-chfc-share-price/2027326.html.
Chemical Bank Company Profile
Chemical Financial Corporation operates as a financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers. It offers 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, debit cards, safe deposit box, money transfer, automated teller machines, insurance and investment products, corporate and personal wealth management, and mortgage banking and other banking services.
Receive News & Ratings for Chemical Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemical Bank and related companies with MarketBeat.com's FREE daily email newsletter.