$0.92 EPS Expected for Chemical Financial (CHFC); Teacher Retirement System Of Texas Raised Applied Matls (AMAT) Position

April 23, 2018 - By Nellie Frank

Chemical Financial Corporation (NASDAQ:CHFC) Logo

Teacher Retirement System Of Texas increased Applied Matls Inc (AMAT) stake by 10.92% reported in 2017Q4 SEC filing. Teacher Retirement System Of Texas acquired 65,656 shares as Applied Matls Inc (AMAT)’s stock rose 6.49%. The Teacher Retirement System Of Texas holds 667,153 shares with $34.11 million value, up from 601,497 last quarter. Applied Matls Inc now has $53.68B valuation. The stock decreased 0.20% or $0.1 during the last trading session, reaching $51.09. About 14.54M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since April 23, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Analysts expect Chemical Financial Corporation (NASDAQ:CHFC) to report $0.92 EPS on April, 24 after the close.They anticipate $0.21 EPS change or 29.58% from last quarter’s $0.71 EPS. CHFC’s profit would be $65.59M giving it 15.24 P/E if the $0.92 EPS is correct. After having $0.87 EPS previously, Chemical Financial Corporation’s analysts see 5.75% EPS growth. The stock increased 0.70% or $0.39 during the last trading session, reaching $56.09. About 250,667 shares traded. Chemical Financial Corporation (NASDAQ:CHFC) has risen 8.11% since April 23, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Investors sentiment decreased to 1.19 in Q4 2017. Its down 0.32, from 1.51 in 2017Q3. It is negative, as 17 investors sold Chemical Financial Corporation shares while 71 reduced holdings. 33 funds opened positions while 72 raised stakes. 55.76 million shares or 0.84% more from 55.30 million shares in 2017Q3 were reported. Fenimore Asset Management Incorporated has 0.03% invested in Chemical Financial Corporation (NASDAQ:CHFC) for 15,675 shares. Barclays Public Limited Liability Company invested in 0% or 12,542 shares. Great West Life Assurance Can holds 0.01% or 42,805 shares in its portfolio. Wealthtrust stated it has 397 shares. Ohio-based Victory Capital Mngmt Inc has invested 0.04% in Chemical Financial Corporation (NASDAQ:CHFC). Minerva Advisors Lc stated it has 0.29% of its portfolio in Chemical Financial Corporation (NASDAQ:CHFC). Teacher Retirement Of Texas stated it has 24,600 shares or 0.01% of all its holdings. Cap has 1.33 million shares for 0.02% of their portfolio. Chemical Retail Bank has invested 6.79% in Chemical Financial Corporation (NASDAQ:CHFC). Aspen Investment Mngmt invested in 15,603 shares. Teachers Retirement System Of The State Of Kentucky invested 0.01% in Chemical Financial Corporation (NASDAQ:CHFC). Ameritas Inv Prns has invested 0.07% in Chemical Financial Corporation (NASDAQ:CHFC). Huntington Bankshares reported 3,142 shares. Macquarie Group Inc Limited reported 0.01% in Chemical Financial Corporation (NASDAQ:CHFC). Mesirow Financial Inv Management reported 405,212 shares.

Among 11 analysts covering Chemical Financial (NASDAQ:CHFC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Chemical Financial has $66.0 highest and $39 lowest target. $59.88’s average target is 6.76% above currents $56.09 stock price. Chemical Financial had 21 analyst reports since January 27, 2016 according to SRatingsIntel. On Thursday, June 1 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Stephens maintained Chemical Financial Corporation (NASDAQ:CHFC) on Wednesday, January 24 with “Buy” rating. As per Wednesday, January 24, the company rating was maintained by Piper Jaffray. On Tuesday, July 25 the stock rating was maintained by Stephens with “Buy”. The rating was maintained by Sandler O’Neill with “Buy” on Wednesday, January 24. The rating was upgraded by Hilliard Lyons to “Buy” on Friday, January 26. The rating was upgraded by Sandler O’Neill on Thursday, January 28 to “Buy”. As per Thursday, October 26, the company rating was downgraded by Wood. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, August 8. Raymond James initiated Chemical Financial Corporation (NASDAQ:CHFC) rating on Wednesday, March 2. Raymond James has “Strong Buy” rating and $42 target.

Chemical Financial Corporation operates as a financial holding firm of Chemical Bank that offers banking and fiduciary services and products to residents and business clients in Michigan. The company has market cap of $4.00 billion. 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, safe deposit box services, money transfer services, automated teller machines, access to insurance and investment products, corporate and personal wealth management services, and mortgage banking and other banking services. It has a 26.97 P/E ratio. The firm also offers mutual funds, annuity products, and market securities; trust, investment management, and custodial services; financial and estate planning; and retirement and employee benefit programs.

Since October 27, 2017, it had 1 buying transaction, and 6 sales for $3.99 million activity. The insider GWIZDALA LORI A sold $106,641. Provost David T bought 3,356 shares worth $196,319. 6,298 shares valued at $364,780 were sold by Lievense Richard M. on Thursday, January 25. On Monday, October 30 the insider Stauffer Larry D sold $101,067. KLAESER DENNIS L also sold $3.13 million worth of Chemical Financial Corporation (NASDAQ:CHFC) shares.

Since December 29, 2017, it had 0 insider purchases, and 4 insider sales for $10.41 million activity. Salehpour Ali sold $6.44M worth of Applied Materials, Inc. (NASDAQ:AMAT) on Friday, December 29. Iannotti Thomas J had sold 15,000 shares worth $922,050. Forrest Stephen R also sold $214,680 worth of Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, January 3. Shares for $2.83M were sold by Nalamasu Omkaram.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 27 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Applied Materials Inc. has $76.0 highest and $12 lowest target. $55.54’s average target is 8.71% above currents $51.09 stock price. Applied Materials Inc. had 120 analyst reports since August 4, 2015 according to SRatingsIntel. On Monday, July 10 the stock rating was maintained by DA Davidson with “Buy”. The firm has “Buy” rating given on Friday, August 18 by Deutsche Bank. The firm has “Buy” rating given on Tuesday, January 16 by FBR Capital. Needham maintained Applied Materials, Inc. (NASDAQ:AMAT) on Thursday, October 19 with “Buy” rating. As per Thursday, February 15, the company rating was maintained by Stifel Nicolaus. The rating was upgraded by Susquehanna on Tuesday, June 28 to “Neutral”. The rating was maintained by B. Riley & Co on Thursday, August 11 with “Buy”. The firm has “Sector Perform” rating given on Friday, August 19 by RBC Capital Markets. Cowen & Co maintained it with “Outperform” rating and $40 target in Monday, February 13 report. The firm has “Neutral” rating given on Monday, December 19 by Goldman Sachs.

Investors sentiment decreased to 0.86 in 2017 Q4. Its down 0.20, from 1.06 in 2017Q3. It turned negative, as 52 investors sold AMAT shares while 367 reduced holdings. 113 funds opened positions while 249 raised stakes. 797.20 million shares or 1.72% less from 811.15 million shares in 2017Q3 were reported. Moreover, Court Place Advisors Limited Liability has 0.28% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 13,190 shares. James Inv Research holds 0.05% or 31,470 shares in its portfolio. Engineers Gate Manager Limited Partnership has invested 0.15% in Applied Materials, Inc. (NASDAQ:AMAT). Great West Life Assurance Can holds 1.16M shares. Connor Clark & Lunn Inv Mgmt Ltd reported 52,125 shares or 0.02% of all its holdings. Utah Retirement reported 198,365 shares stake. Old Mutual Global Investors (Uk) Ltd invested 2.14% of its portfolio in Applied Materials, Inc. (NASDAQ:AMAT). Clarivest Asset Ltd holds 1.46 million shares or 1.29% of its portfolio. Illinois-based Rothschild Invest Il has invested 0.07% in Applied Materials, Inc. (NASDAQ:AMAT). Millennium Mngmt Ltd Liability has 2.39 million shares for 0.17% of their portfolio. Moreover, Anchor Cap Advsr Lc has 0.02% invested in Applied Materials, Inc. (NASDAQ:AMAT) for 12,374 shares. Legacy Private Trust, Wisconsin-based fund reported 43,949 shares. Virtu Fincl Limited Co accumulated 50,338 shares or 0.14% of the stock. Grp One Trading LP invested in 39,247 shares. Franklin has 0.07% invested in Applied Materials, Inc. (NASDAQ:AMAT).

Teacher Retirement System Of Texas decreased Eaton Corp Plc (NYSE:ETN) stake by 132,772 shares to 153,183 valued at $12.10M in 2017Q4. It also reduced Vmware Inc (NYSE:VMW) stake by 18,711 shares and now owns 72,330 shares. Credicorp Ltd (NYSE:BAP) was reduced too.

Chemical Financial Corporation (NASDAQ:CHFC) Institutional Positions Chart

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