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.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:CHFC
- CUSIP: 16373110
- Web: www.chemicalbankmi.com
- Market Cap: $3.49 billion
- Outstanding Shares: 71,144,000
- 50 Day Moving Avg: $46.40
- 200 Day Moving Avg: $48.22
- 52 Week Range: $40.93 - $55.55
Sales & Book Value:
- Trailing P/E Ratio: 20.57
- Foreward P/E Ratio: 13.78
- P/E Growth: 1.85
- Annual Revenue: $630.88 million
- Price / Sales: 5.53
- Book Value: $37.11 per share
- Price / Book: 1.32
- Annual Dividend: $1.12
- Dividend Yield: 2.3%
- Net Margins: 22.28%
- Return on Equity: 7.32%
- Return on Assets: 1.07%
- Debt-to-Equity Ratio: 0.17%
- Current Ratio: 0.95%
- Quick Ratio: 0.95%
- Average Volume: 314,155 shs.
- Beta: 1.14
- Short Ratio: 6.84
Frequently Asked Questions for Chemical Financial Corporation (NASDAQ:CHFC)
What is Chemical Financial Corporation's stock symbol?
Chemical Financial Corporation trades on the NASDAQ under the ticker symbol "CHFC."
How often does Chemical Financial Corporation pay dividends? What is the dividend yield for Chemical Financial Corporation?
Chemical Financial Corporation announced a quarterly dividend on Thursday, July 20th. Investors of record on Friday, September 1st will be given a dividend of $0.28 per share on Friday, September 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Wednesday, August 30th. This is a positive change from Chemical Financial Corporation's previous quarterly dividend of $0.27. View Chemical Financial Corporation's Dividend History.
How were Chemical Financial Corporation's earnings last quarter?
Chemical Financial Corporation (NASDAQ:CHFC) issued its earnings results on Tuesday, July, 25th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. The company earned $179.52 million during the quarter, compared to the consensus estimate of $178.21 million. Chemical Financial Corporation had a return on equity of 7.32% and a net margin of 22.28%. View Chemical Financial Corporation's Earnings History.
When will Chemical Financial Corporation make its next earnings announcement?
Where is Chemical Financial Corporation's stock going? Where will Chemical Financial Corporation's stock price be in 2017?
6 analysts have issued 12-month price objectives for Chemical Financial Corporation's stock. Their forecasts range from $41.50 to $58.00. On average, they expect Chemical Financial Corporation's share price to reach $53.42 in the next year. View Analyst Ratings for Chemical Financial Corporation.
What are analysts saying about Chemical Financial Corporation stock?
Here are some recent quotes from research analysts about Chemical Financial Corporation stock:
- 1. Boenning Scattergood analysts commented, "We continue to view Chemical Financial Corporation as a mature bank with a healthy combination of rapid growth and elite return metrics. The company’s transformational merger with Talmer Bancorp has made Chemical the largest locally- headquartered bank in the state of Michigan and, with its larger balance sheet, the company appears positioned to take advantage of previously untapped opportunities in the middle market. 2Q17 results were generally encouraging with strong organic growth and disciplined cost control driving earnings ahead of our estimate. Additionally, the company recently announced the retirement of long-time CEO David Ramaker, who has been replaced by David Provost (prior Talmer CEO) as CEO of the holding company, and Thomas Shafer (prior Talmer COO) as CEO of the bank. While we remain highly confident that Chemical will successfully meet these challenges in the long run with its new management team, we continue to believe the stock has already benefited from the financial impact of the Talmer deal, and caution investors regarding the potential for lumpy results in the interim while the company allocates resources to complete the integration process and refine its strategic plan as a regional bank. In consideration of these factors, we maintain our Neutral rating on CHFC shares." (7/26/2017)
- 2. According to Zacks Investment Research, "CHEMICAL FINANCIAL CORP. is a multi-bank holding company. The company business is concentrated in a single industry segment, commercial banking. Subsidiaries offer a full range of commercial banking and fiduciary services. These include accepting deposits, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit services, automated teller machines, money transfer services, corporate and personal trust services and other banking services. " (7/3/2017)
Who are some of Chemical Financial Corporation's key competitors?
Some companies that are related to Chemical Financial Corporation include BOK Financial Corporation (BOKF), Western Alliance Bancorporation (WAL), Pinnacle Financial Partners (PNFP), F.N.B. Corporation (FNB), Prosperity Bancshares (PB), IBERIABANK Corporation (IBKC), First Hawaiian (FHB), Texas Capital Bancshares (TCBI), Hancock Holding Company (HBHC), MB Financial (MBFI), Associated Banc-Corp (ASB), UMB Financial Corp (UMBF), Bank of Hawaii Corporation (BOH), Home BancShares (HOMB), Sterling Bancorp (STL), Fulton Financial Corporation (FULT), First Financial Bankshares (FFIN) and Columbia Banking System (COLB).
Who are Chemical Financial Corporation's key executives?
Chemical Financial Corporation's management team includes the folowing people:
- Gary H. Torgow, Chairman of the Board
- David T. Provost, President, Chief Executive Officer, Director
- Thomas C. Shafer, Vice Chairman of the Board
- Dennis L. Klaeser, Chief Financial Officer, Executive Vice President
- Thomas W. Kohn, Chief Executive Officer of InSite Capital, LLC and Vice Chairman of Chemical Bank
- William C. Collins, Executive Vice President, General Counsel, Secretary
- Leonardo A. Amat, Executive Vice President, Chief Operating Officer - Business Operations of Chemical Bank
- Lori A. Gwizdala, Executive Vice President of Special Projects of Chemical Bank
- Lynn M. Kerber, Executive Vice President and Chief Risk Management Officer of the Chemical Bank
- Robert S. Rathbun, Executive Vice President and Chief Operating Officer - Customer Experience
Who owns Chemical Financial Corporation stock?
Chemical Financial Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.30%), Vanguard Group Inc. (8.61%), State Street Corp (4.70%), Dimensional Fund Advisors LP (4.11%), Franklin Resources Inc. (3.59%) and Northern Trust Corp (2.62%). Company insiders that own Chemical Financial Corporation stock include Daniel W Terpsma, David T Provost, Dennis L Klaeser, Gary Torgow, James R Fitterling, Larry D Stauffer, Lori A Gwizdala, Richard M Lievense, Ronald A Klein, Thomas C Shafer and Thomas W Kohn. View Institutional Ownership Trends for Chemical Financial Corporation.
Who sold Chemical Financial Corporation stock? Who is selling Chemical Financial Corporation stock?
Chemical Financial Corporation's stock was sold by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Vaughan Nelson Investment Management L.P., Victory Capital Management Inc., JPMorgan Chase & Co., Franklin Resources Inc., AXA, Goldman Sachs Group Inc. and Principal Financial Group Inc.. Company insiders that have sold Chemical Financial Corporation stock in the last year include Gary Torgow, Larry D Stauffer, Lori A Gwizdala, Richard M Lievense, Ronald A Klein and Thomas C Shafer. View Insider Buying and Selling for Chemical Financial Corporation.
Who bought Chemical Financial Corporation stock? Who is buying Chemical Financial Corporation stock?
Chemical Financial Corporation's stock was bought by a variety of institutional investors in the last quarter, including Koch Industries Inc., Cambiar Investors LLC, Schroder Investment Management Group, BlackRock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, Dean Capital Management and Broadview Advisors LLC. Company insiders that have bought Chemical Financial Corporation stock in the last two years include Daniel W Terpsma and James R Fitterling. View Insider Buying and Selling for Chemical Financial Corporation.
How do I buy Chemical Financial Corporation stock?
Shares of Chemical Financial Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Chemical Financial Corporation's stock price today?
MarketBeat Community Rating for Chemical Financial Corporation (NASDAQ CHFC)MarketBeat's community ratings are surveys of what our community members think about Chemical Financial Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Chemical Financial Corporation stock can currently be purchased for approximately $49.07.
Consensus Ratings for Chemical Financial Corporation (NASDAQ:CHFC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$53.42 (8.86% upside)|
Analysts' Ratings History for Chemical Financial Corporation (NASDAQ:CHFC)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/19/2017||Boenning Scattergood||Downgrade||Neutral -> Under Perform||$41.50||Low|
|8/10/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$54.00||Medium|
|7/6/2017||Piper Jaffray Companies||Initiated Coverage||Overweight||$56.00||Low|
|7/5/2017||DA Davidson||Initiated Coverage||Buy||$58.00||Low|
|4/28/2017||Hilliard Lyons||Upgrade||Buy||$54.00 -> $55.00||Low|
|3/2/2016||Raymond James Financial, Inc.||Initiated Coverage||Strong-Buy||$42.00||N/A|
|2/29/2016||FIG Partners||Downgrade||Outperform -> Market Perform||$37.00||N/A|
|1/28/2016||Sandler O'Neill||Upgrade||Hold -> Buy||N/A|
Earnings History for Chemical Financial Corporation (NASDAQ:CHFC)Earnings History by Quarter for Chemical Financial Corporation (NASDAQ CHFC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$0.74||$0.75||$178.21 million||$179.52 million||View||N/A|
|4/25/2017||Q1 2017||$0.70||$0.71||$173.51 million||$168.11 million||View||N/A|
|1/25/2017||Q4 2016||$0.71||$0.70||$176.13 million||$186.71 million||View||N/A|
|10/25/2016||Q3||$0.69||$0.72||$127.12 million||$124.58 million||View||N/A|
|7/26/2016||Q2||$0.65||$0.72||$97.24 million||$98.39 million||View||N/A|
|4/15/2016||Q1||$0.63||$0.60||$95.25 million||$93.75 million||View||N/A|
|1/25/2016||Q4||$0.67||$0.66||$94.50 million||$95.53 million||View||Listen|
|10/21/2015||Q3||$0.63||$0.65||$93.80 million||$93.83 million||View||Listen|
|7/21/2015||Q2||$0.55||$0.61||$84.29 million||$86.41 million||View||Listen|
|4/17/2015||Q115||$0.54||$0.57||$77.71 million||$78.46 million||View||N/A|
|1/27/2015||Q413||$0.46||$0.56||$73.26 million||$76.47 million||View||N/A|
|10/22/2014||Q3||$0.42||$0.51||$70.70 million||$68.42 million||View||N/A|
|7/23/2014||Q2 2014||$0.49||$0.54||$64.59 million||$62.83 million||View||N/A|
|4/21/2014||Q1||$0.48||$0.46||$65.60 million||$63.50 million||View||Listen|
|7/17/2013||Q2 2013||$0.48||$0.51||$60.48 million||View||N/A|
Earnings Estimates for Chemical Financial Corporation (NASDAQ:CHFC)
2017 EPS Consensus Estimate: $3.00
2018 EPS Consensus Estimate: $3.49
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Chemical Financial Corporation (NASDAQ:CHFC)
|Most Recent Dividend:||9/15/2017|
|Payout Ratio:||49.34% (Trailing 12 Months of Earnings) |
37.84% (Based on This Year's Estimates)
31.46% (Based on Next Year's Estimates)
Dividend History by Quarter for Chemical Financial Corporation (NASDAQ CHFC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Chemical Financial Corporation (NASDAQ:CHFC)
Insider Ownership Percentage: 2.20%Insider Trades by Quarter for Chemical Financial Corporation (NASDAQ:CHFC)
Institutional Ownership Percentage: 76.46%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/15/2017||Larry D Stauffer||Director||Sell||2,110||$47.47||$100,161.70|| |
|7/28/2017||Richard M. Lievense||Director||Sell||14,659||$48.20||$706,563.80|| |
|4/28/2017||Richard M Lievense||Director||Sell||13,351||$47.87||$639,112.37|| |
|2/28/2017||Larry D Stauffer||Director||Sell||3,350||$53.18||$178,153.00|| |
|2/3/2017||Ronald A Klein||Director||Sell||4,725||$49.25||$232,706.25|| |
|1/31/2017||Ronald A Klein||Director||Sell||5,000||$48.88||$244,400.00|| |
|1/30/2017||James R Fitterling||Director||Buy||1,500||$48.57||$72,855.00|| |
|1/30/2017||Thomas C Shafer||Insider||Sell||51,393||$48.25||$2,479,712.25|| |
|11/30/2016||Larry D. Stauffer||Director||Sell||3,850||$51.89||$199,776.50|| |
|11/18/2016||Lori A Gwizdala||Insider||Sell||500||$51.08||$25,540.00|| |
|10/31/2016||Gary Torgow||Director||Sell||55,000||$42.99||$2,364,450.00|| |
|9/1/2016||David T Provost||Director||Sell||279,101||$45.24||$12,626,529.24|| |
|9/1/2016||Dennis L Klaeser||CFO||Sell||49,785||$45.24||$2,252,273.40|| |
|9/1/2016||Thomas C Shafer||EVP||Sell||34,456||$45.24||$1,558,789.44|| |
|8/31/2016||Lori A Gwizdala||EVP||Sell||200||$46.08||$9,216.00|| |
|8/30/2016||Thomas W Kohn||Insider||Sell||1,000||$46.75||$46,750.00|| |
|8/17/2016||Lori A Gwizdala||VP||Sell||800||$44.55||$35,640.00|| |
|8/15/2016||Richard M Lievense||Director||Sell||4,500||$44.03||$198,135.00|| |
|2/29/2016||Daniel W Terpsma||Insider||Buy||1,000||$33.87||$33,870.00|| |
|2/24/2016||Daniel W Terpsma||Insider||Buy||1,406||$33.09||$46,524.54|| |
|2/19/2016||Daniel W Terpsma||Insider||Buy||1,500||$33.00||$49,500.00|| |
|2/1/2016||Richard M. Lievense||Director||Sell||5,162||$32.19||$166,164.78|| |
|2/27/2015||Lori A Gwizdala||CFO||Sell||1,166||$30.38||$35,423.08|| |
Headline Trends for Chemical Financial Corporation (NASDAQ:CHFC)
Latest Headlines for Chemical Financial Corporation (NASDAQ:CHFC)
Chemical Financial Corporation (CHFC) Chart for Tuesday, September, 19, 2017