Notable Mover: Could Chemical Financial Corporation See a Reversal After Breaking All Highs?

Notable Mover: Could Chemical Financial Corporation See a Reversal After Breaking All Highs?

The stock of Chemical Financial Corporation (NASDAQ:CHFC) reached all time high today, Nov, 11 and still has $66.31 target or 36.00% above today’s $48.76 share price. This indicates more upside for the $2.00 billion company. This technical setup was reported by Barchart.com. If the $66.31 PT is reached, the company will be worth $720.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 66,345 shares traded hands. Chemical Financial Corporation (NASDAQ:CHFC) has risen 37.01% since April 11, 2016 and is uptrending. It has outperformed by 30.86% the S&P500.

Chemical Financial Corporation (NASDAQ:CHFC) Ratings Coverage

Out of 4 analysts covering Chemical Financial (NASDAQ:CHFC), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $42 is the highest target while $39 is the lowest. The $40.50 average target is -16.94% below today’s ($48.76) stock price. Chemical Financial has been the topic of 4 analyst reports since January 27, 2016 according to StockzIntelligence Inc. The stock of Chemical Financial Corporation (NASDAQ:CHFC) has “Outperform” rating given on Wednesday, January 27 by Keefe Bruyette & Woods. The stock of Chemical Financial Corporation (NASDAQ:CHFC) earned “Buy” rating by Sandler O’Neill on Thursday, January 28. The firm has “Outperform” rating given on Friday, January 29 by FIG Partners. The stock of Chemical Financial Corporation (NASDAQ:CHFC) earned “Strong Buy” rating by Raymond James on Wednesday, March 2.

According to Zacks Investment Research, “CHEMICAL FINANCIAL CORP. is a multi-bank holding company. The company business is concentrated in a single industry segment, commercial banking. Subsidiaries offer a full range of commercial banking and fiduciary services. These include accepting deposits, residential and commercial real estate financing, commercial lending, consumer financing, debit cards, safe deposit services, automated teller machines, money transfer services, corporate and personal trust services and other banking services.”

Insitutional Activity: The institutional sentiment decreased to 1.14 in Q2 2016. Its down 1.21, from 2.35 in 2016Q1. The ratio dived, as 13 funds sold all Chemical Financial Corporation shares owned while 51 reduced positions. 19 funds bought stakes while 54 increased positions. They now own 26.80 million shares or 1.63% more from 26.37 million shares in 2016Q1.
Wealthtrust owns 397 shares or 0.01% of their US portfolio. Qs Investors Ltd Co has 0.01% invested in the company for 35,382 shares. Millennium Ltd Llc has 601,139 shares for 0.05% of their US portfolio. Goldman Sachs Group Inc accumulated 183,394 shares or 0% of the stock. Vanguard accumulated 0.01% or 2.83 million shares. Chicago Equity Prns Llc holds 0.03% or 23,680 shares in its portfolio. Chatham Cap has 0.31% invested in the company for 26,540 shares. Franklin Resources Incorporated holds 0.04% or 1.88 million shares in its portfolio. Wells Fargo Mn owns 66,331 shares or 0% of their US portfolio. Blackrock accumulated 13,594 shares or 0% of the stock. Babson Mgmt Limited Co holds 0.01% of its portfolio in Chemical Financial Corporation (NASDAQ:CHFC) for 6,700 shares. Fifth Third Bancorp reported 2,353 shares or 0% of all its holdings. Walleye Trading Limited Liability last reported 428 shares in the company. Mutual Of America Cap Ltd Liability Corp owns 1,000 shares or 0% of their US portfolio. Grantham Mayo Van Otterloo And Limited Liability Corp last reported 0.04% of its portfolio in the stock.

Insider Transactions: Since August 15, 2016, the stock had 0 buys, and 12 sales for $36.65 million net activity. KOHN THOMAS W sold $46,750 worth of Chemical Financial Corporation (NASDAQ:CHFC) on Tuesday, August 30. Shares for $2.36 million were sold by TORGOW GARY. GWIZDALA LORI A had sold 200 shares worth $9,216. Shares for $2.25 million were sold by KLAESER DENNIS L on Wednesday, August 31. Provost David T sold $2.36 million worth of Chemical Financial Corporation (NASDAQ:CHFC) on Monday, October 31. Another trade for 4,500 shares valued at $198,153 was sold by Lievense Richard M.. Shares for $1.56 million were sold by SHAFER THOMAS C.

More notable recent Chemical Financial Corporation (NASDAQ:CHFC) news were published by: Globenewswire.com which released: “Chemical Financial Corporation Reports 2016 Third Quarter Operating Results” on October 25, 2016, also Finance.Yahoo.com with their article: “Chemical Financial Corporation Announces Third Quarter 2016 Earnings …” published on October 17, 2016, Mlive.com published: “Chemical Financial Corp. announces Q1 2016 cash dividend” on January 20, 2016. More interesting news about Chemical Financial Corporation (NASDAQ:CHFC) were released by: Globenewswire.com and their article: “Chemical Financial Corporation Announces Fourth Quarter Cash Dividend” published on November 09, 2016 as well as Money.Cnn.com‘s news article titled: “Chemical Financial Corporation to Partner With Talmer Bancorp, Inc.” with publication date: January 26, 2016.

CHFC Company Profile

Chemical Financial Corporation (Corporation), incorporated on August 27, 1973, is a financial holding company. The Firm operates in the commercial banking segment. The Company, through its subsidiary bank, Chemical Bank, offers a range of banking and fiduciary services and products. 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, access to insurance and investment products, corporate and personal wealth management services, and other banking services. It operates through an internal organizational structure of over four regional banking units. The Chemical Bank serves the markets through approximately 185 banking offices located in approximately 50 counties across Michigan’s Lower Peninsula. In addition to its banking offices, Chemical Bank operates over three loan production offices and approximately 200 automated teller machines, both on- and off-bank premises.

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