Chemical Bank (CHFC) Earning Somewhat Favorable Media Coverage, Analysis Shows

Media headlines about Chemical Bank (NASDAQ:CHFC) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Chemical Bank earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 47.9605006127202 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Chemical Bank from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Hilliard Lyons upgraded shares of Chemical Bank from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. DA Davidson increased their price objective on shares of Chemical Bank to $70.00 and gave the company an “average” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Chemical Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $63.00 price objective on shares of Chemical Bank in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $59.17.

Shares of CHFC stock opened at $56.64 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.14. Chemical Bank has a 12-month low of $56.05 and a 12-month high of $56.48. The company has a market cap of $4.02 billion, a PE ratio of 18.51, a P/E/G ratio of 1.59 and a beta of 1.21.

Chemical Bank (NASDAQ:CHFC) last issued its quarterly earnings results on Tuesday, April 24th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. Chemical Bank had a net margin of 21.15% and a return on equity of 9.10%. The company had revenue of $192.42 million during the quarter, compared to analyst estimates of $186.62 million. equities analysts forecast that Chemical Bank will post 3.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 1.98%. Chemical Bank’s payout ratio is currently 36.60%.

In other news, Director Larry D. Stauffer sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The shares were sold at an average price of $56.18, for a total transaction of $101,124.00. Following the completion of the sale, the director now owns 14,053 shares in the company, valued at approximately $789,497.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

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.

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

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