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
Stock Exchange NASDAQ
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 Ratio18.03
Forward P/E Ratio14.11
P/E Growth1.57
Sales & Book Value
Annual Sales$776.15 million
Price / Sales5.07
Cash Flow$3.6872 per share
Price / Cash14.96
Book Value$37.48 per share
Price / Book1.47
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
Market Cap$3,935.94
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 Wednesday, April 25th. Shareholders 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 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, May 31st. View Chemical Financial's Dividend History.
How were Chemical Financial's earnings last quarter?
Chemical Financial Co. (NASDAQ:CHFC) issued its earnings results on Tuesday, April, 24th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.05. The bank had revenue of $192.42 million for the quarter, compared to the consensus estimate of $186.62 million. Chemical Financial had a return on equity of 9.10% and a net margin of 21.15%. View Chemical Financial's Earnings History.
When is Chemical Financial's next earnings date?
What price target have analysts set for CHFC?
6 brokers have issued 12 month price objectives for Chemical Financial's shares. Their forecasts range from $43.00 to $70.00. On average, they expect Chemical Financial's share price to reach $59.50 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price. View Analyst Ratings for Chemical Financial.
What is the consensus analysts' recommendation for Chemical Financial?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Chemical Financial in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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. " (7/3/2018)
- 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 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), Western Alliance Bancorporation (WAL), Bank Of The Ozarks (OZRK), Wintrust Financial (WTFC), First Citizens BancShares Inc. Class A (FCNCA), Prosperity Bancshares (PB), Associated Banc (ASB), Popular (BPOP), Texas Capital Bancshares (TCBI), Hancock (HBHC), IBERIABANK (IBKC) and Home Bancshares (HOMB).
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)
- Pavel Konecny, Sr. VP and Sr. Investment Officer
- Ms. Kathleen S. Wendt, Exec. VP & Chief Accounting Officer (Age 44)
Has Chemical Financial been receiving favorable news coverage?
News headlines about CHFC stock have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chemical Financial earned a daily sentiment score of 0.10 on Accern's scale. They also assigned news articles about the bank an impact score of 46.11 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Chemical Financial's major shareholders?
Chemical Financial's stock is owned by a number of of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (0.19%). Company insiders that own Chemical Financial 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, Robert Rathbun, Ronald A Klein, Thomas C Shafer and Thomas W Kohn. 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 Peregrine Capital Management LLC. 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.
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 $55.16.
How big of a company is Chemical Financial?
Chemical Financial has a market capitalization of $3.94 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.
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.
