Institutional Investors Are Betting On Chemical Financial Corp (NASDAQ:CHFC)

April 17, 2018 - By Robert Sims

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 dived, as 105 active investment managers increased and opened new positions, while 88 cut down and sold their stock positions in Chemical Financial Corp. The active investment managers in our partner’s database reported: 55.76 million shares, up from 55.30 million shares in 2017Q3. Also, the number of active investment managers 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 $3.94 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 26.56 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 0.43% or $0.24 during the last trading session, reaching $55.25. About 85,169 shares traded. Chemical Financial Corporation (NASDAQ:CHFC) has risen 8.11% since April 17, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Analysts await Chemical Financial Corporation (NASDAQ:CHFC) to report earnings on April, 24. They expect $0.92 earnings per share, up 29.58 % or $0.21 from last year’s $0.71 per share. CHFC’s profit will be $65.61M for 15.01 P/E if the $0.92 EPS becomes a reality. After $0.87 actual earnings per share reported by Chemical Financial Corporation for the previous quarter, Wall Street now forecasts 5.75 % 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.#img1#

Since January 1, 0001, it had 1 buy, and 6 sales for $3.99 million activity.

Chemical Financial Corporation (NASDAQ:CHFC) Ratings Coverage

Ratings analysis reveals 67% of Chemical Financial’s analysts are positive. Out of 6 Wall Street analysts rating Chemical Financial, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $62.0 while the high is $66.0. The stock’s average target of $64.60 is 16.92% above today’s ($55.25) share price. CHFC was included in 8 notes of analysts from October 26, 2017. The firm earned “Hold” rating on Thursday, October 26 by Keefe Bruyette & Woods. The company was maintained on Wednesday, January 24 by Sandler O’Neill. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Market Perform” rating by Wood given on Thursday, October 26. The rating was maintained by Piper Jaffray on Wednesday, January 24 with “Buy”. Stephens maintained the stock with “Buy” rating in Wednesday, January 24 report. The firm earned “Hold” rating on Monday, February 26 by Keefe Bruyette & Woods. The stock has “Buy” rating by Hilliard Lyons on Friday, January 26.

Chemical Financial Corporation (NASDAQ:CHFC) Institutional Positions Chart

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