Chemical Financial (NASDAQ:CHFC) Receiving Somewhat Favorable Media Coverage, Study Shows

News headlines about Chemical Financial (NASDAQ:CHFC) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chemical Financial earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 47.1030660712869 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s analysis:

Chemical Financial (NASDAQ:CHFC) traded down $0.54 during trading hours on Tuesday, hitting $55.74. 309,788 shares of the stock were exchanged, compared to its average volume of 338,740. Chemical Financial has a 52 week low of $43.61 and a 52 week high of $58.17. The company has a quick ratio of 0.93, a current ratio of 0.94 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3,970.00, a PE ratio of 21.19, a P/E/G ratio of 1.66 and a beta of 1.15.

Chemical Financial (NASDAQ:CHFC) last posted its earnings results on Tuesday, October 24th. The bank reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Chemical Financial had a net margin of 24.23% and a return on equity of 8.05%. The company had revenue of $175.75 million during the quarter, compared to analysts’ expectations of $182.78 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. Chemical Financial’s quarterly revenue was up 41.1% compared to the same quarter last year. analysts anticipate that Chemical Financial will post 2.99 earnings per share for the current fiscal year.

A number of research firms have weighed in on CHFC. ValuEngine downgraded Chemical Financial from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub raised Chemical Financial from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $62.00 price objective on shares of Chemical Financial in a report on Tuesday, January 9th. Zacks Investment Research downgraded Chemical Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, Boenning Scattergood downgraded Chemical Financial from a “neutral” rating to an “under perform” rating and set a $41.50 price objective on the stock. in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $55.57.

In related news, insider Lori A. Gwizdala sold 2,800 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,701,783. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry D. Stauffer sold 1,900 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $53.19, for a total transaction of $101,061.00. Following the completion of the transaction, the director now owns 15,853 shares of the company’s stock, valued at approximately $843,221.07. The disclosure for this sale can be found here. Insiders sold a total of 13,619 shares of company stock valued at $755,964 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Chemical Financial (NASDAQ:CHFC)

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