Chemical Financial Co. (CHFC) VP Sells $3,130,785.28 in Stock
Chemical Financial Co. (NASDAQ:CHFC) VP Dennis L. Klaeser sold 53,536 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $58.48, for a total value of $3,130,785.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Chemical Financial Co. (NASDAQ:CHFC) opened at $55.82 on Wednesday. Chemical Financial Co. has a twelve month low of $43.61 and a twelve month high of $59.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $3,939.17, a P/E ratio of 26.71, a PEG ratio of 1.59 and a beta of 1.21.
Chemical Financial (NASDAQ:CHFC) last issued its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. Chemical Financial had a return on equity of 8.46% and a net margin of 19.26%. The business had revenue of $178.22 million during the quarter, compared to the consensus estimate of $183.89 million. sell-side analysts predict that Chemical Financial Co. will post 3.88 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of CHFC. Zions Bancorporation bought a new stake in shares of Chemical Financial in the 3rd quarter valued at approximately $121,000. PNC Financial Services Group Inc. increased its holdings in shares of Chemical Financial by 220.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the bank’s stock valued at $177,000 after acquiring an additional 2,525 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Chemical Financial by 57.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,785 shares of the bank’s stock valued at $202,000 after acquiring an additional 1,380 shares during the last quarter. Stifel Financial Corp bought a new stake in shares of Chemical Financial in the 2nd quarter valued at approximately $205,000. Finally, Bronfman E.L. Rothschild L.P. increased its holdings in shares of Chemical Financial by 99.2% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,164 shares of the bank’s stock valued at $218,000 after acquiring an additional 2,074 shares during the last quarter. Institutional investors and hedge funds own 78.45% of the company’s stock.
CHFC has been the topic of a number of recent analyst reports. BidaskClub lowered Chemical Financial from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. Zacks Investment Research raised Chemical Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods lowered Chemical Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $62.00 target price on shares of Chemical Financial in a research report on Tuesday, January 9th. Finally, ValuEngine lowered Chemical Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Chemical Financial presently has a consensus rating of “Hold” and an average target price of $57.29.
TRADEMARK VIOLATION WARNING: This piece of content was originally posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/chemical-financial-co-chfc-vp-sells-3130785-28-in-stock/1850258.html.
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.
Receive News & Ratings for Chemical Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemical Financial and related companies with MarketBeat.com's FREE daily email newsletter.