Revenue Update on Chemical Financial Corporation(NASDAQ:CHFC)

Chemical Financial Corporation(NASDAQ:CHFC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $98.39M. Analysts estimated a revenue of $98.77M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.66.

Chemical Financial Corporation (CHFC) made into the market gainers list on Fridays trading session with the shares advancing 0.27% or 0.11 points. Due to strong positive momentum, the stock ended at $41.38, which is also near the day’s high of $41.78. The stock began the session at $41.31 and the volume stood at 2,74,113 shares. The 52-week high of the shares is $41.78 and the 52 week low is $29.4. The company has a current market capitalization of $1,583 M and it has 3,82,48,768 shares in outstanding.

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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