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About Chemical Bank (NASDAQ:CHFC)
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 Midland, Michigan.
Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:CHFC
CUSIP16373110
Phone989-839-5350
Debt
Debt-to-Equity Ratio0.14
Current Ratio0.92
Quick Ratio0.92
Price-To-Earnings
Trailing P/E Ratio18.58
Forward P/E Ratio14.66
P/E Growth1.59
Sales & Book Value
Annual Sales$776.15 million
Price / Sales5.27
Cash Flow$3.7779 per share
Price / Cash15.17
Book Value$37.48 per share
Price / Book1.53
Profitability
EPS (Most Recent Fiscal Year)$3.06
Net Income$149.52 million
Net Margins21.15%
Return on Equity9.10%
Return on Assets1.26%
Miscellaneous
Employees3,000
Outstanding Shares71,360,000
Chemical Bank (NASDAQ:CHFC) Frequently Asked Questions
What is Chemical Bank's stock symbol?
Chemical Bank trades on the NASDAQ under the ticker symbol "CHFC."
How often does Chemical Bank pay dividends? What is the dividend yield for Chemical Bank?
Chemical Bank announced a quarterly dividend on Wednesday, April 25th. Investors of record on Friday, June 1st will be paid a dividend of $0.28 per share on Friday, June 15th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 31st. View Chemical Bank's Dividend History.
How were Chemical Bank's earnings last quarter?
Chemical Bank (NASDAQ:CHFC) released its earnings results on Tuesday, April, 24th. The bank reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.05. The bank had revenue of $192.42 million for the quarter, compared to analysts' expectations of $186.62 million. Chemical Bank had a return on equity of 9.10% and a net margin of 21.15%. View Chemical Bank's Earnings History.
When is Chemical Bank's next earnings date?
What price target have analysts set for CHFC?
6 brokers have issued 12-month target prices for Chemical Bank's stock. Their forecasts range from $43.00 to $70.00. On average, they expect Chemical Bank's stock price to reach $58.80 in the next twelve months. View Analyst Ratings for Chemical Bank.
What are Wall Street analysts saying about Chemical Bank stock?
Here are some recent quotes from research analysts about Chemical Bank 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. " (4/27/2018)
- 2. 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)
Who are some of Chemical Bank's key competitors?
Some companies that are related to Chemical Bank include East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), Western Alliance Bancorporation (WAL), Bank of the Ozarks (OZRK), First Citizens BancShares (FCNCA), Wintrust Financial (WTFC), Prosperity Bancshares (PB), Texas Capital Bancshares (TCBI), Popular (BPOP), Associated Banc (ASB), Iberiabank (IBKC), Hancock (HBHC), Investors Bank (ISBC) and Home BancShares (HOMB).
Who are Chemical Bank's key executives?
Chemical Bank's management team includes the folowing people:
- Mr. Dennis L. Klaeser, Exec. VP, Treasurer & CFO (Age 61)
- Ms. Lori A. Gwizdala, Exec. VP of Special Projects - Chemical Bank (Age 59)
- Mr. Robert S. Rathbun, COO of Customer Experience for Chemical Bank and Exec. VP of Chemical Bank (Age 54)
- Mr. David T. Provost, Pres, CEO & Director (Age 64)
- Pavel Konecny, Sr. VP and Sr. Investment Officer
Has Chemical Bank been receiving favorable news coverage?
Press coverage about CHFC stock has trended positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chemical Bank earned a news impact score of 0.28 on Accern's scale. They also assigned press coverage about the bank an impact score of 46.56 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
Who are Chemical Bank's major shareholders?
Chemical Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.64%), Dimensional Fund Advisors LP (4.30%), Franklin Resources Inc. (4.13%), Vaughan Nelson Investment Management L.P. (3.17%), Schroder Investment Management Group (2.74%) and Royal Bank of Canada (2.72%). Company insiders that own Chemical Bank stock include David T Provost, Dennis L Klaeser, Gary Torgow, Gregory R Bixby, 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 Bank.
Which major investors are selling Chemical Bank stock?
CHFC stock was sold by a variety of institutional investors in the last quarter, including Mesirow Financial Investment Management Equity Management, Vaughan Nelson Investment Management L.P., Penn Capital Management Co. Inc., Federated Investors Inc. PA, Greenleaf Trust, BNP Paribas Arbitrage SA, Schroder Investment Management Group and Loomis Sayles & Co. L P. Company insiders that have sold Chemical Bank company stock in the last year include Dennis L Klaeser, Gregory R Bixby, Larry D Stauffer, Lori A Gwizdala, Richard M Lievense and Ronald A Klein. View Insider Buying and Selling for Chemical Bank.
Which major investors are buying Chemical Bank stock?
CHFC stock was bought by a variety of institutional investors in the last quarter, including Rothschild Asset Management Inc., Franklin Resources Inc., Sei Investments Co., BlackRock Inc., Royal Bank of Canada, Elk Creek Partners LLC, Westwood Holdings Group Inc. and Broadview Advisors LLC. Company insiders that have bought Chemical Bank stock in the last two years include David T Provost and James R Fitterling. View Insider Buying and Selling for Chemical Bank.
How do I buy shares of Chemical Bank?
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 Bank's stock price today?
One share of CHFC stock can currently be purchased for approximately $57.31.
How big of a company is Chemical Bank?
Chemical Bank has a market capitalization of $3.99 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 Bank employs 3,000 workers across the globe.
How can I contact Chemical Bank?
Chemical Bank'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 Bank (CHFC)
MarketBeat's community ratings are surveys of what our community members think about Chemical Bank 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.
Chemical Bank (NASDAQ:CHFC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
6 Wall Street analysts have issued ratings and price targets for Chemical Bank in the last 12 months. Their average twelve-month price target is $58.80, suggesting that the stock has a possible upside of 2.60%. The high price target for CHFC is $70.00 and the low price target for CHFC is $43.00. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Buy |
| Consensus Rating Score: | 2.33 | 2.33 | 2.33 | 2.50 |
| Ratings Breakdown: | 1 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $58.80 | $58.1667 | $56.6667 | $53.25 |
| Price Target Upside: | 2.60% upside | 2.05% upside | 3.95% downside | 2.17% downside |
Chemical Bank (NASDAQ:CHFC) Consensus Price Target History
Chemical Bank (NASDAQ:CHFC) Analyst Ratings History
Show:
(Data available from 5/21/2016 forward)
Chemical Bank (NASDAQ:CHFC) Dividend Information
Chemical Bank pays an annual dividend of $1.12 per share, with a dividend yield of 1.95%. CHFC's next quarterly dividend payment will be made on Friday, June 15. Chemical Bank pays out 36.60% of its earnings out as a dividend.
| Next Dividend: | 6/15/2018 |
| Annual Dividend: | $1.12 |
| Dividend Yield: | 1.95% |
| Payout Ratio(s): | 36.60% (Trailing 12 Months of Earnings)
28.64% (Based on This Year's Estimates)
25.75% (Based on Next Year's Estimates)
29.65% (Based on Cash Flow)
|
Chemical Bank (NASDAQ:CHFC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/25/2018 | quarterly | $0.28 | 1.97% | 5/31/2018 | 6/1/2018 | 6/15/2018 |
| 1/25/2018 | quarterly | $0.28 | 1.9% | 3/1/2018 | 3/2/2018 | 3/16/2018 |
| 10/19/2017 | quarterly | $0.28 | 2.1% | 11/30/2017 | 12/1/2017 | 12/15/2017 |
| 7/20/2017 | quarterly | $0.28 | 2.28% | 8/30/2017 | 9/1/2017 | 9/15/2017 |
| 4/27/2017 | quarterly | $0.27 | 2.25% | 5/31/2017 | 6/2/2017 | 6/16/2017 |
| 2/21/2017 | Quarterly | $0.27 | 2% | 3/1/2017 | 3/3/2017 | 3/17/2017 |
| 11/10/2016 | quarterly | $0.27 | 2.23% | 11/30/2016 | 12/2/2016 | 12/16/2016 |
| 8/17/2016 | quarterly | $0.27 | 2.43% | 8/26/2016 | 8/30/2016 | 9/16/2016 |
| 4/21/2016 | quarterly | $0.26 | 2.7% | 6/1/2016 | 6/3/2016 | 6/17/2016 |
| 1/21/2016 | quarterly | $0.26 | 3.42% | 3/2/2016 | 3/4/2016 | 3/18/2016 |
| 10/22/2015 | quarterly | $0.26 | 3.07% | 12/2/2015 | 12/4/2015 | 12/18/2015 |
| 7/22/2015 | | $0.26 | | 9/2/2015 | 9/4/2015 | 9/18/2015 |
| 5/21/2015 | quarterly | $0.24 | 3.15% | 6/3/2015 | 6/5/2015 | 6/19/2015 |
| 2/18/2015 | quarterly | $0.24 | 3.19% | 3/4/2015 | 3/6/2015 | 3/20/2015 |
| 11/18/2014 | quarterly | $0.24 | 3.23% | 12/3/2014 | 12/5/2014 | 12/19/2014 |
| 8/19/2014 | quarterly | $0.24 | 3.39% | 9/3/2014 | 9/5/2014 | 9/19/2014 |
| 5/20/2014 | quarterly | $0.23 | 3.29% | 6/4/2014 | 6/6/2014 | 6/20/2014 |
| 2/18/2014 | quarterly | $0.23 | 3.22% | 3/5/2014 | 3/7/2014 | 3/21/2014 |
| 11/19/2013 | quarterly | $0.23 | 3.08% | 12/4/2013 | 12/6/2013 | 12/20/2013 |
| 8/20/2013 | quarterly | $0.22 | 3.07% | 9/4/2013 | 9/6/2013 | 9/20/2013 |
| 5/21/2013 | quarterly | $0.21 | 3.23% | 6/5/2013 | 6/7/2013 | 6/21/2013 |
| 2/19/2013 | quarterly | $0.21 | 3.37% | 2/27/2013 | 3/1/2013 | 3/15/2013 |
(Data available from 1/1/2013 forward)
Chemical Bank (NASDAQ CHFC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 82.41%
Chemical Bank (NASDAQ CHFC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/27/2018 | Larry D Stauffer | Director | Sell | 1,800 | $56.18 | $101,124.00 | 14,053 |  |
| 2/2/2018 | Dennis L. Klaeser | VP | Sell | 53,536 | $58.48 | $3,130,785.28 | | |
| 2/2/2018 | Lori A Gwizdala | Insider | Sell | 5,594 | $59.27 | $331,556.38 | | |
| 1/26/2018 | David T Provost | CEO | Buy | 3,356 | $58.50 | $196,326.00 | 96,296 | |
| 1/26/2018 | Lori A Gwizdala | Insider | Sell | 1,808 | $58.98 | $106,635.84 | 50,560 | |
| 1/26/2018 | Richard M Lievense | Director | Sell | 6,298 | $57.92 | $364,780.16 | 28,669 | |
| 12/4/2017 | Ronald A Klein | Director | Sell | 2,619 | $56.75 | $148,628.25 | 9,139 | |
| 11/29/2017 | Gregory R Bixby | Insider | Sell | 3,500 | $57.05 | $199,675.00 | | |
| 11/22/2017 | Lori A Gwizdala | Insider | Sell | 2,800 | $55.00 | $154,000.00 | 46,774 | |
| 10/30/2017 | Larry D Stauffer | Director | Sell | 1,900 | $53.19 | $101,061.00 | 15,853 | |
| 10/27/2017 | Lori A Gwizdala | Insider | Sell | 2,800 | $54.50 | $152,600.00 | 49,574 | |
| 8/15/2017 | Larry D Stauffer | Director | Sell | 2,110 | $47.47 | $100,161.70 | 13,246 | |
| 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 | 59,192 | |
| 2/28/2017 | Larry D Stauffer | Director | Sell | 3,350 | $53.18 | $178,153.00 | 15,356 | |
| 2/3/2017 | Ronald A Klein | Director | Sell | 4,725 | $49.25 | $232,706.25 | 6,520 | |
| 1/31/2017 | Ronald A Klein | Director | Sell | 5,000 | $48.88 | $244,400.00 | 11,245 | |
| 1/30/2017 | James R Fitterling | Director | Buy | 1,500 | $48.57 | $72,855.00 | 23,044 | |
| 1/30/2017 | Thomas C Shafer | Insider | Sell | 51,393 | $48.25 | $2,479,712.25 | 36,867 | |
| 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 | 48,395 | |
| 10/31/2016 | Gary Torgow | Director | Sell | 55,000 | $42.99 | $2,364,450.00 | 87,048 | |
| 9/1/2016 | David T Provost | Director | Sell | 279,101 | $45.24 | $12,626,529.24 | 324,610 | |
| 9/1/2016 | Dennis L Klaeser | CFO | Sell | 49,785 | $45.24 | $2,252,273.40 | 86,913 | |
| 9/1/2016 | Thomas C Shafer | EVP | Sell | 34,456 | $45.24 | $1,558,789.44 | 61,234 | |
| 8/31/2016 | Lori A Gwizdala | EVP | Sell | 200 | $46.08 | $9,216.00 | 47,931 | |
| 8/30/2016 | Thomas W Kohn | Insider | Sell | 1,000 | $46.75 | $46,750.00 | 46,037 | |
| 8/17/2016 | Lori A Gwizdala | VP | Sell | 800 | $44.55 | $35,640.00 | 59,111 | |
| 8/15/2016 | Richard M Lievense | Director | Sell | 4,500 | $44.03 | $198,135.00 | 60,097 | |
| 2/29/2016 | Daniel W Terpsma | Insider | Buy | 1,000 | $33.87 | $33,870.00 | 4,906 | |
| 2/24/2016 | Daniel W Terpsma | Insider | Buy | 1,406 | $33.09 | $46,524.54 | 3,906 | |
| 2/19/2016 | Daniel W Terpsma | Insider | Buy | 1,500 | $33.00 | $49,500.00 | 2,500 | |
| 2/1/2016 | Richard M. Lievense | Director | Sell | 5,162 | $32.19 | $166,164.78 | 74,097 | |
| 2/27/2015 | Lori A Gwizdala | CFO | Sell | 1,166 | $30.38 | $35,423.08 | | |
(Data available from 1/1/2013 forward)
Chemical Bank (NASDAQ CHFC) News Headlines
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Chemical Bank (NASDAQ:CHFC) SEC Filings
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Chemical Bank (NASDAQ:CHFC) Income Statement, Balance Sheet and Cash Flow Statement
Chemical Bank (NASDAQ CHFC) Stock Chart for Monday, May, 21, 2018
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