Bronfman E.L. Rothschild L.P. raised its position in Chemical Financial Corporation (NASDAQ:CHFC) by 99.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,164 shares of the bank’s stock after acquiring an additional 2,074 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Chemical Financial Corporation were worth $218,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. KCG Holdings Inc. purchased a new position in shares of Chemical Financial Corporation during the first quarter valued at approximately $235,000. Capstone Asset Management Co. boosted its position in shares of Chemical Financial Corporation by 2.7% during the second quarter. Capstone Asset Management Co. now owns 5,319 shares of the bank’s stock valued at $257,000 after buying an additional 140 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Chemical Financial Corporation by 6.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 26,177 shares of the bank’s stock valued at $1,267,000 after buying an additional 1,677 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Chemical Financial Corporation by 18.1% during the second quarter. LS Investment Advisors LLC now owns 5,649 shares of the bank’s stock valued at $273,000 after buying an additional 864 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Chemical Financial Corporation by 3.9% during the second quarter. Louisiana State Employees Retirement System now owns 18,600 shares of the bank’s stock valued at $900,000 after buying an additional 700 shares during the last quarter. 79.05% of the stock is owned by hedge funds and other institutional investors.

Chemical Financial Corporation (NASDAQ:CHFC) opened at $54.06 on Friday. The stock has a market capitalization of $3,847.39, a P/E ratio of 18.33, a P/E/G ratio of 2.01 and a beta of 1.14. Chemical Financial Corporation has a 1 year low of $43.61 and a 1 year high of $55.55. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.07%. Chemical Financial Corporation’s dividend payout ratio (DPR) is currently 42.75%.

COPYRIGHT VIOLATION WARNING: “Bronfman E.L. Rothschild L.P. Increases Holdings in Chemical Financial Corporation (CHFC)” was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.watchlistnews.com/bronfman-e-l-rothschild-l-p-increases-holdings-in-chemical-financial-corporation-chfc/1723008.html.

Several research analysts recently issued reports on the company. Zacks Investment Research cut Chemical Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Boenning Scattergood cut Chemical Financial Corporation from a “neutral” rating to an “under perform” rating and set a $41.50 target price on the stock. in a research report on Tuesday, September 19th. BidaskClub cut Chemical Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 3rd. ValuEngine cut Chemical Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $54.00 target price on shares of Chemical Financial Corporation in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Chemical Financial Corporation has a consensus rating of “Hold” and an average price target of $54.07.

In related news, Director Larry D. Stauffer sold 1,900 shares of Chemical Financial Corporation stock in a transaction 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 sale, the director now directly owns 15,853 shares in the company, valued at $843,221.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Gwizdala sold 2,800 shares of Chemical Financial Corporation stock in a transaction on Friday, October 27th. The stock was sold at an average price of $54.50, for a total value of $152,600.00. Following the sale, the insider now owns 49,574 shares in the company, valued at $2,701,783. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

About Chemical Financial Corporation

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.

Institutional Ownership by Quarter for Chemical Financial Corporation (NASDAQ:CHFC)

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