The Chemical Financial Corp. (CHFC) Position Maintained by Chatham Capital Group Inc.

The Chemical Financial Corp. (CHFC) Position Maintained by Chatham Capital Group Inc.

Chatham Capital Group Inc. maintained its stake in Chemical Financial Corp. (NASDAQ:CHFC) during the second quarter, Holdings Channel reports. The fund owned 26,540 shares of the company’s stock at the end of the second quarter. Chatham Capital Group Inc.’s holdings in Chemical Financial Corp. were worth $990,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CHFC. Avalon Advisors LLC raised its position in Chemical Financial Corp. by 13.0% in the first quarter. Avalon Advisors LLC now owns 35,796 shares of the company’s stock worth $1,278,000 after buying an additional 4,115 shares in the last quarter. Royal Bank of Canada raised its position in Chemical Financial Corp. by 9.7% in the first quarter. Royal Bank of Canada now owns 934,434 shares of the company’s stock worth $33,351,000 after buying an additional 82,858 shares in the last quarter. Panagora Asset Management Inc. raised its position in Chemical Financial Corp. by 1.8% in the first quarter. Panagora Asset Management Inc. now owns 193,572 shares of the company’s stock worth $6,909,000 after buying an additional 3,393 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Chemical Financial Corp. during the first quarter worth $288,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Chemical Financial Corp. during the first quarter worth $779,000. Hedge funds and other institutional investors own 71.10% of the company’s stock.

Chemical Financial Corp. (NASDAQ:CHFC) traded down 0.73% during mid-day trading on Monday, hitting $43.34. 146,597 shares of the stock were exchanged. The company has a 50-day moving average of $44.53 and a 200-day moving average of $40.44. The stock has a market capitalization of $1.66 billion, a PE ratio of 16.88 and a beta of 1.34. Chemical Financial Corp. has a 52 week low of $29.40 and a 52 week high of $47.62.

Chemical Financial Corp. (NASDAQ:CHFC) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.07. Chemical Financial Corp. had a net margin of 24.58% and a return on equity of 10.21%. On average, equities analysts predict that Chemical Financial Corp. will post $2.78 EPS for the current fiscal year.

A number of research firms recently weighed in on CHFC. Keefe, Bruyette & Woods lifted their price objective on shares of Chemical Financial Corp. from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Zacks Investment Research upgraded shares of Chemical Financial Corp. from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Thursday, July 28th. Finally, Stephens began coverage on shares of Chemical Financial Corp. in a research note on Friday, September 2nd. They issued an “equal weight” rating for the company. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Chemical Financial Corp. has a consensus rating of “Buy” and an average price target of $42.50.

In other Chemical Financial Corp. news, Director Richard M. Lievense sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $44.03, for a total transaction of $198,135.00. Following the completion of the sale, the director now directly owns 60,097 shares of the company’s stock, valued at $2,646,070.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas W. Kohn sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $46.75, for a total transaction of $46,750.00. Following the sale, the insider now directly owns 46,037 shares of the company’s stock, valued at $2,152,229.75. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

About Chemical Financial Corp.

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. Its 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, debit cards, access to insurance and investment products, corporate and personal wealth management services, and other banking services.

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