Keefe Bruyette & Woods Maintains Chemical Financial Corporation to Outperform with Price Target $45.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Chemical Financial Corporation(NASDAQ:CHFC). In a research note issued to the investors, the brokerage major Raises the price-target to $45.00 per share. The shares have been rated Outperform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

Chemical Financial Corporation (CHFC) shares turned negative on Thursdays trading session with the shares closing down -0.08 points or -0.19% at a volume of 2,56,315. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.89. The peak price level was also seen at $41.89 while the days lowest was $41.492. Finally the shares closed at $41.78. The 52-week high of the shares is $41.89 while the 52-week low is $29.4. According to the latest information available, the market cap of the company is $1,599 M.

Chemical Financial Corporation(CHFC) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $98.39M. Analysts had an estimated revenue of $98.77M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.66.

Several Insider Transactions has been reported to the SEC. On May 10, 2016, James R Fitterling (director) purchased 2,500 shares at $28.75 per share price.Also, On Feb 2, 2016, Richard M. Lievense (director) sold 5,162 shares at $32.19 per share price.On Mar 3, 2015, Lori A Gwizdala (EVP, CFO & Treasurer) sold 1,166 shares at $30.38 per share price, according to the Form-4 filing with the securities and exchange commission.

Chemical Financial Corporation is a financial holding company. The Company through its subsidiary bank Chemical Bank offers a range of traditional 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 safe deposit box services money transfer services automated teller machines access to insurance and investment products and other banking services. It operates through an internal organizational structure of around four regional banking units and around 18 community banking units. The Bank directly owns three operating non-bank subsidiaries: CFC Financial Services Inc. CFC Title Services Inc. and CFC Capital Inc. The Company also operates Monarch Community Bank as a separate subsidiary.

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