Chemical Financial Corporation operates as a financial holding company of Chemical Bank that offers banking and fiduciary products and services to residents and business customers. It offers 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, debit cards, safe deposit box, money transfer, automated teller machines, insurance and investment products, corporate and personal wealth management, and mortgage banking and other banking services. The company also offers mutual funds, annuity products, and market securities; trust, investment management, and custodial services; financial and estate planning; and retirement and employee benefit programs. As of January 23, 2018, it operated through 212 banking offices located in Michigan, northeast Ohio, and northern Indiana. The company has 7 loan production offices and approximately 245 automated teller machines. Chemical Financial Corporation was founded in 1917 and is headquartered in Detroit, Michigan.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:CHFC
Previous Symbol
CUSIP16373110
Phone989-839-5350
Debt
Debt-to-Equity Ratio0.15
Current Ratio0.92
Quick Ratio0.91
Price-To-Earnings
Trailing P/E Ratio15.16
Forward P/E Ratio11.77
P/E Growth1.33
Sales & Book Value
Annual Sales$776.15 million
Price / Sales4.27
Cash Flow$3.6242 per share
Price / Cash12.80
Book Value$37.48 per share
Price / Book1.24
Profitability
EPS (Most Recent Fiscal Year)$3.06
Net Income$149.52 million
Net Margins24.78%
Return on Equity9.98%
Return on Assets1.36%
Miscellaneous
Employees3,000
Outstanding Shares71,440,000
Market Cap$3.37 billion
OptionableOptionable
Chemical Financial (NASDAQ:CHFC) Frequently Asked Questions
What is Chemical Financial's stock symbol?
Chemical Financial trades on the NASDAQ under the ticker symbol "CHFC."
How often does Chemical Financial pay dividends? What is the dividend yield for Chemical Financial?
Chemical Financial declared a quarterly dividend on Thursday, October 25th. Investors of record on Friday, December 7th will be paid a dividend of $0.34 per share on Friday, December 21st. This represents a $1.36 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, December 6th. View Chemical Financial's Dividend History.
How were Chemical Financial's earnings last quarter?
Chemical Financial Co. (NASDAQ:CHFC) posted its quarterly earnings results on Tuesday, October, 23rd. The bank reported $0.98 EPS for the quarter, missing the Zacks' consensus estimate of $0.99 by $0.01. The bank earned $197.40 million during the quarter, compared to analysts' expectations of $200.16 million. Chemical Financial had a net margin of 24.78% and a return on equity of 9.98%. During the same period in the previous year, the firm earned $0.79 EPS. View Chemical Financial's Earnings History.
When is Chemical Financial's next earnings date?
What price target have analysts set for CHFC?
7 equities research analysts have issued 1-year price objectives for Chemical Financial's shares. Their predictions range from $43.00 to $70.00. On average, they anticipate Chemical Financial's share price to reach $58.20 in the next twelve months. This suggests a possible upside of 25.5% from the stock's current price. View Analyst Price Targets for Chemical Financial.
What is the consensus analysts' recommendation for Chemical Financial?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemical Financial in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Chemical Financial.
What are Wall Street analysts saying about Chemical Financial stock?
Here are some recent quotes from research analysts about Chemical Financial stock:
- 1. 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. " (10/26/2018)
- 2. Boenning Scattergood analysts commented, "We are upgrading our rating on CHFC shares to Neutral following the outsized sell-off in the stock in reaction to 3Q18 earnings. We continue to believe Chemical’s healthy combination of consistent organic growth, disciplined expense control, and extensive M&A experience should aid in sustaining the company’s elite returns longer-term, but continue to expect near-term pressure related to the company’s funding profile and aggressive growth outlook." (10/25/2018)
Has Chemical Financial been receiving favorable news coverage?
Media coverage about CHFC stock has trended positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Chemical Financial earned a media sentiment score of 2.1 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
Who are some of Chemical Financial's key competitors?
Some companies that are related to Chemical Financial include SVB Financial Group (SIVB), East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), Investors Bancorp (ISBC), Wintrust Financial (WTFC), First Financial Bankshares (FFIN), IBERIABANK (IBKC), Associated Banc (ASB), Glacier Bancorp (GBCI) and United Bankshares (UBSI).
Who are Chemical Financial's key executives?
Chemical Financial's management team includes the folowing people:
- Mr. David T. Provost, Pres, CEO & Director (Age 64)
- Mr. Dennis L. Klaeser, Exec. VP, CFO & Treasurer (Age 61)
- Mr. Robert S. Rathbun, Exec. VP of Retail & Regional Pres of the East Region of Chemical Bank (Age 54)
- Mr. John Brennan Ryan, COO, Exec. VP & Exec. Legal Counsel (Age 49)
- Mr. Timothy G. Blazejewski, Chief investment officer & Treasurer (Age 54)
Who are Chemical Financial's major shareholders?
Chemical Financial's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.52%), Dimensional Fund Advisors LP (4.20%), Franklin Resources Inc. (4.11%), Vaughan Nelson Investment Management L.P. (2.98%), Schroder Investment Management Group (2.35%) and Chemical Bank (1.81%). Company insiders that own Chemical Financial stock include David T Provost, Dennis L Klaeser, Gregory R Bixby, James R Fitterling, Larry D Stauffer, Lori A Gwizdala, Richard M Lievense, Robert Rathbun, Ronald A Klein and Thomas C Shafer. View Institutional Ownership Trends for Chemical Financial.
Which major investors are selling Chemical Financial stock?
CHFC stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Vaughan Nelson Investment Management L.P., Eagle Asset Management Inc., Wells Fargo & Company MN, Mesirow Financial Investment Management Equity Management, Elk Creek Partners LLC, Russell Investments Group Ltd. and Rothschild & Co. Asset Management US Inc.. Company insiders that have sold Chemical Financial company stock in the last year include Dennis L Klaeser, Gregory R Bixby, Larry D Stauffer, Lori A Gwizdala, Richard M Lievense, Robert Rathbun and Ronald A Klein. View Insider Buying and Selling for Chemical Financial.
Which major investors are buying Chemical Financial stock?
CHFC stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Prudential Financial Inc., Fort Washington Investment Advisors Inc. OH, Allianz Asset Management GmbH, Ontario Teachers Pension Plan Board, JPMorgan Chase & Co., JPMorgan Chase & Co. and SG Americas Securities LLC. Company insiders that have bought Chemical Financial stock in the last two years include David T Provost and James R Fitterling. View Insider Buying and Selling for Chemical Financial.
How do I buy shares of Chemical Financial?
Shares of CHFC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Chemical Financial's stock price today?
One share of CHFC stock can currently be purchased for approximately $46.39.
How big of a company is Chemical Financial?
Chemical Financial has a market capitalization of $3.37 billion and generates $776.15 million in revenue each year. The bank earns $149.52 million in net income (profit) each year or $3.06 on an earnings per share basis. Chemical Financial employs 3,000 workers across the globe.
What is Chemical Financial's official website?
How can I contact Chemical Financial?
Chemical Financial's mailing address is 235 E MAIN ST, MIDLAND MI, 48640. The bank can be reached via phone at 989-839-5350.
MarketBeat Community Rating for Chemical Financial (NASDAQ CHFC)
MarketBeat's community ratings are surveys of what our community members think about Chemical Financial and other stocks. Vote "Outperform" if you believe CHFC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CHFC will underperform the S&P 500 over the long term. You may vote once every thirty days.
