Chemical Financial Corp (NASDAQ:CHFC) Stock Price Down as Sentiment Falls

May 20, 2018 - By Marie Mckinney

Chemical Financial Corporation (NASDAQ:CHFC) Logo

Sentiment for Chemical Financial Corp (NASDAQ:CHFC)

Chemical Financial Corp (NASDAQ:CHFC) institutional sentiment decreased to 1.19 in 2017 Q4. Its down -0.32, from 1.51 in 2017Q3. The ratio worsened, as 105 funds increased or opened new positions, while 88 reduced and sold their positions in Chemical Financial Corp. The funds in our partner’s database now possess: 55.76 million shares, up from 55.30 million shares in 2017Q3. Also, the number of funds holding Chemical Financial Corp in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 17 Reduced: 71 Increased: 72 New Position: 33.

Chemical Financial Corporation operates as a financial holding firm of Chemical Bank that offers banking and fiduciary services and products to residents and business clients in Michigan. The company has market cap of $3.99 billion. The Company’s services and products 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, debit cards, safe deposit box services, money transfer services, automated teller machines, access to insurance and investment products, corporate and personal wealth management services, and mortgage banking and other banking services. It has a 26.9 P/E ratio. The firm 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.

The stock decreased 1.20% or $0.68 during the last trading session, reaching $55.96. About 474,673 shares traded or 55.57% up from the average. Chemical Financial Corporation (NASDAQ:CHFC) has risen 8.11% since May 20, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Analysts await Chemical Financial Corporation (NASDAQ:CHFC) to report earnings on July, 24. They expect $0.95 EPS, up 26.67 % or $0.20 from last year’s $0.75 per share. CHFC’s profit will be $67.79 million for 14.73 P/E if the $0.95 EPS becomes a reality. After $0.97 actual EPS reported by Chemical Financial Corporation for the previous quarter, Wall Street now forecasts -2.06 % negative EPS growth.

Chemical Bank holds 6.79% of its portfolio in Chemical Financial Corporation for 1.18 million shares. Castine Capital Management Llc owns 153,639 shares or 2.79% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.53% invested in the company for 405,212 shares. The Texas-based Vaughan Nelson Investment Management L.P. has invested 1.45% in the stock. Snyder Capital Management L P, a California-based fund reported 532,273 shares.

Since January 1, 0001, it had 1 buy, and 5 sales for $3.84 million activity.

Chemical Financial Corporation (NASDAQ:CHFC) Ratings Coverage

Ratings analysis reveals 80% of Chemical Financial Corp’s analysts are positive. Out of 5 Wall Street analysts rating Chemical Financial Corp, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $6100 while the high is $66.0. The stock’s average target of $64.20 is 14.72% above today’s ($55.96) share price. CHFC was included in 7 notes of analysts from December 21, 2017. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 25 with “Hold”. On Wednesday, January 24 the stock rating was maintained by Stephens with “Buy”. Piper Jaffray maintained the shares of CHFC in report on Wednesday, January 24 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, February 26 report. Hilliard Lyons upgraded Chemical Financial Corporation (NASDAQ:CHFC) rating on Friday, January 26. Hilliard Lyons has “Buy” rating and $65.0 target. Sandler O’Neill maintained it with “Buy” rating and $65.0 target in Wednesday, January 24 report.

Another recent and important Chemical Financial Corporation (NASDAQ:CHFC) news was published by which published an article titled: “Chemical Financial Corporation reports 2018 first quarter net income of $70.2 million, representing $0.97 of earnings …” on April 24, 2018.

Chemical Financial Corporation (NASDAQ:CHFC) Institutional Positions Chart

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