Cambiar Investors LLC lowered its stake in Chemical Financial Corporation (NASDAQ:CHFC) by 22.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 245,925 shares of the bank’s stock after selling 71,713 shares during the period. Cambiar Investors LLC owned approximately 0.35% of Chemical Financial Corporation worth $12,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its holdings in shares of Chemical Financial Corporation by 2.1% in the second quarter. Teacher Retirement System of Texas now owns 5,722 shares of the bank’s stock worth $277,000 after buying an additional 117 shares during the period. World Asset Management Inc increased its holdings in shares of Chemical Financial Corporation by 2.9% in the second quarter. World Asset Management Inc now owns 4,468 shares of the bank’s stock worth $216,000 after buying an additional 128 shares during the period. Capstone Asset Management Co. grew its stake in shares of Chemical Financial Corporation by 2.7% in the second quarter. Capstone Asset Management Co. now owns 5,319 shares of the bank’s stock worth $257,000 after purchasing an additional 140 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Chemical Financial Corporation by 3.8% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 5,622 shares of the bank’s stock worth $272,000 after purchasing an additional 205 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Chemical Financial Corporation by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 39,470 shares of the bank’s stock worth $1,911,000 after purchasing an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 78.52% of the company’s stock.

Chemical Financial Corporation (NASDAQ CHFC) traded up $0.64 during trading on Tuesday, reaching $52.36. The company’s stock had a trading volume of 250,800 shares, compared to its average volume of 330,019. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market cap of $3,680.86, a PE ratio of 17.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.14. Chemical Financial Corporation has a fifty-two week low of $43.61 and a fifty-two week high of $55.55.

Chemical Financial Corporation (NASDAQ:CHFC) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.02. The business had revenue of $175.75 million for the quarter, compared to analysts’ expectations of $182.78 million. Chemical Financial Corporation had a return on equity of 8.05% and a net margin of 24.23%. The business’s revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 EPS. equities analysts forecast that Chemical Financial Corporation will post 3.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.12 annualized dividend and a yield of 2.14%. Chemical Financial Corporation’s payout ratio is 42.75%.

In other Chemical Financial Corporation news, Director Larry D. Stauffer sold 1,900 shares of Chemical Financial Corporation 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 sale, the director now directly owns 15,853 shares of the company’s stock, valued at approximately $843,221.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lori A. Gwizdala sold 2,800 shares of Chemical Financial Corporation 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 sale, the insider now directly owns 49,574 shares in the company, valued at $2,701,783. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

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Several analysts recently issued reports on CHFC shares. BidaskClub raised Chemical Financial Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Boenning Scattergood reissued a “sell” rating on shares of Chemical Financial Corporation in a research note on Thursday, October 26th. Zacks Investment Research raised Chemical Financial Corporation from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Tuesday, October 10th. Piper Jaffray Companies reissued a “buy” rating and issued a $55.00 target price on shares of Chemical Financial Corporation in a research note on Friday, October 27th. Finally, Keefe, Bruyette & Woods cut Chemical Financial Corporation from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $54.07.

Chemical Financial Corporation Company Profile

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.

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

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