Sigma Planning Corp lessened its stake in shares of Chemical Financial Corporation (NASDAQ:CHFC) by 48.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,779 shares of the bank’s stock after selling 5,458 shares during the quarter. Sigma Planning Corp’s holdings in Chemical Financial Corporation were worth $302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHFC. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Chemical Financial Corporation by 19.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,405 shares of the bank’s stock valued at $116,000 after acquiring an additional 389 shares during the last quarter. Huntington National Bank purchased a new stake in shares of Chemical Financial Corporation during the 2nd quarter valued at about $152,000. PNC Financial Services Group Inc. boosted its holdings in shares of Chemical Financial Corporation by 220.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,670 shares of the bank’s stock valued at $177,000 after acquiring an additional 2,525 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of Chemical Financial Corporation by 59.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,827 shares of the bank’s stock valued at $185,000 after acquiring an additional 1,427 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Chemical Financial Corporation during the 2nd quarter valued at about $205,000. 78.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Chemical Financial Corporation news, Director Larry D. Stauffer sold 1,900 shares of Chemical Financial Corporation stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $53.19, for a total transaction of $101,061.00. Following the transaction, the director now owns 15,853 shares of the company’s stock, valued at $843,221.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lori A. Gwizdala sold 2,800 shares of Chemical Financial Corporation stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $54.50, for a total transaction of $152,600.00. Following the transaction, the insider now directly owns 49,574 shares in the company, valued at approximately $2,701,783. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of Chemical Financial Corporation from an “outperform” rating to a “market perform” rating in a report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $55.00 price target on shares of Chemical Financial Corporation in a report on Friday, October 27th. Boenning Scattergood reaffirmed a “sell” rating on shares of Chemical Financial Corporation in a report on Thursday, October 26th. Zacks Investment Research raised shares of Chemical Financial Corporation from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Tuesday, October 10th. Finally, ValuEngine downgraded shares of Chemical Financial Corporation from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $54.07.

COPYRIGHT VIOLATION NOTICE: “Chemical Financial Corporation (CHFC) Stake Lessened by Sigma Planning Corp” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://theolympiareport.com/2017/11/17/chemical-financial-corporation-chfc-stake-lessened-by-sigma-planning-corp.html.

Chemical Financial Corporation (NASDAQ:CHFC) traded up $0.50 on Friday, hitting $52.81. 252,000 shares of the company were exchanged, compared to its average volume of 328,373. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.94. The stock has a market capitalization of $3,722.85, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14. Chemical Financial Corporation has a one year low of $43.61 and a one year high of $55.55.

Chemical Financial Corporation (NASDAQ:CHFC) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. The company had revenue of $175.75 million for the quarter, compared to the consensus estimate of $182.78 million. Chemical Financial Corporation had a net margin of 24.23% and a return on equity of 8.05%. The firm’s revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. research analysts predict that Chemical Financial Corporation will post 3.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 30th. Chemical Financial Corporation’s dividend payout ratio is currently 42.75%.

Chemical Financial Corporation Profile

Chemical Financial Corporation is a financial holding company. The Company operates in the commercial banking segment. The Company, through its subsidiary bank, Chemical Bank, offers banking and fiduciary products and services. These products and services 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, access to insurance and investment products, corporate and personal wealth management services, and other banking services.

Institutional Ownership by Quarter for Chemical Financial Corporation (NASDAQ:CHFC)

Receive News & Ratings for Chemical Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemical Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.