Zacks: Analysts Anticipate Chemical Financial Co. (NASDAQ:CHFC) Will Post Earnings of $0.92 Per Share
Analysts expect that Chemical Financial Co. (NASDAQ:CHFC) will announce $0.92 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Chemical Financial’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.88. Chemical Financial reported earnings of $0.71 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.6%. The firm is expected to announce its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Chemical Financial will report full-year earnings of $3.91 per share for the current year, with EPS estimates ranging from $3.67 to $4.09. For the next financial year, analysts anticipate that the business will report earnings of $4.33 per share, with EPS estimates ranging from $3.91 to $4.57. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Chemical Financial.
Chemical Financial (NASDAQ:CHFC) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.05. The business had revenue of $178.22 million during the quarter, compared to analysts’ expectations of $183.89 million. Chemical Financial had a return on equity of 8.46% and a net margin of 19.26%.
In other Chemical Financial news, insider Lori A. Gwizdala sold 5,594 shares of Chemical Financial stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $59.27, for a total value of $331,556.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dennis L. Klaeser sold 53,536 shares of Chemical Financial stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $58.48, for a total value of $3,130,785.28. The disclosure for this sale can be found here. In the last three months, insiders sold 67,236 shares of company stock valued at $3,933,758. Corporate insiders own 2.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Zions Bancorporation bought a new stake in shares of Chemical Financial in the 3rd quarter worth $121,000. 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 worth $202,000 after purchasing an additional 1,380 shares in the last quarter. 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 worth $218,000 after purchasing an additional 2,074 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Chemical Financial in the 4th quarter worth $236,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Chemical Financial in the 4th quarter worth $244,000. 80.05% of the stock is owned by institutional investors and hedge funds.
Chemical Financial stock opened at $57.52 on Thursday. The stock has a market capitalization of $4,092.79, a price-to-earnings ratio of 27.52, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. Chemical Financial has a one year low of $43.61 and a one year high of $59.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.94 and a current ratio of 0.94.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, March 2nd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 1st. Chemical Financial’s payout ratio is 53.59%.
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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.
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