Financial Analysis: Chemical Financial Corporation (CHFC) and Its Peers
Chemical Financial Corporation (NASDAQ: CHFC) is one of 209 public companies in the “Commercial Banks” industry, but how does it compare to its rivals? We will compare Chemical Financial Corporation to similar companies based on the strength of its analyst recommendations, dividends, institutional ownership, profitability, valuation, earnings and risk.
Chemical Financial Corporation pays an annual dividend of $1.12 per share and has a dividend yield of 2.1%. Chemical Financial Corporation pays out 42.7% of its earnings in the form of a dividend. As a group, “Commercial Banks” companies pay a dividend yield of 1.9% and pay out 34.4% of their earnings in the form of a dividend.
Risk & Volatility
Chemical Financial Corporation has a beta of 1.14, indicating that its share price is 14% more volatile than the S&P 500. Comparatively, Chemical Financial Corporation’s rivals have a beta of 0.75, indicating that their average share price is 25% less volatile than the S&P 500.
This table compares Chemical Financial Corporation and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Chemical Financial Corporation||24.23%||8.05%||1.16%|
|Chemical Financial Corporation Competitors||20.58%||8.79%||0.93%|
Earnings & Valuation
This table compares Chemical Financial Corporation and its rivals top-line revenue, earnings per share and valuation.
|Gross Revenue||NetIncome||Price/Earnings Ratio|
|Chemical Financial Corporation||$532.73 million||$108.03 million||20.20|
|Chemical Financial Corporation Competitors||$343.33 million||$72.32 million||18.80|
Chemical Financial Corporation has higher revenue and earnings than its rivals. Chemical Financial Corporation is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Institutional & Insider Ownership
78.4% of Chemical Financial Corporation shares are held by institutional investors. Comparatively, 46.5% of shares of all “Commercial Banks” companies are held by institutional investors. 2.2% of Chemical Financial Corporation shares are held by company insiders. Comparatively, 11.6% of shares of all “Commercial Banks” companies are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
This is a breakdown of recent ratings and target prices for Chemical Financial Corporation and its rivals, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Chemical Financial Corporation||1||1||4||0||2.50|
|Chemical Financial Corporation Competitors||359||2832||2297||66||2.37|
Chemical Financial Corporation presently has a consensus price target of $53.25, indicating a potential upside of 0.60%. As a group, “Commercial Banks” companies have a potential upside of 4.50%. Given Chemical Financial Corporation’s rivals higher probable upside, analysts plainly believe Chemical Financial Corporation has less favorable growth aspects than its rivals.
Chemical Financial Corporation beats its rivals on 9 of the 15 factors compared.
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. As of December 31, 2016, the Corporation and Chemical Bank served these markets through 249 banking offices. In addition to the banking offices, Chemical Bank operated eight loan production offices and over 272 automated teller machines, both on- and off-bank premises, as of December 31, 2016. Its loan portfolio includes commercial and real estate construction.
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