EPS for Chemical Financial (CHFC) Expected At $0.82; Wells Fargo & Company (WFC)’s Sentiment Is 0.73

January 13, 2018 - By Louis Casey

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company has market cap of $308.01 billion. The Company’s Community Banking segment offers checking, savings, market rate, and individual retirement accounts, as well as time deposits and remittances; and lines of credit, automobile floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. It has a 16.16 P/E ratio. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, merchant payment processing, and private label financing solutions, as well as purchases retail installment contracts.

Analysts expect Chemical Financial Corporation (NASDAQ:CHFC) to report $0.82 EPS on January, 24.They anticipate $0.12 EPS change or 17.14% from last quarter’s $0.7 EPS. CHFC’s profit would be $58.35 million giving it 17.16 P/E if the $0.82 EPS is correct. After having $0.79 EPS previously, Chemical Financial Corporation’s analysts see 3.80% EPS growth. The stock increased 0.68% or $0.38 during the last trading session, reaching $56.28. About 286,481 shares traded. Chemical Financial Corporation (NASDAQ:CHFC) has risen 21.76% since January 13, 2017 and is uptrending. It has outperformed by 5.06% the S&P500.

Among 9 analysts covering Chemical Financial (NASDAQ:CHFC), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Chemical Financial had 16 analyst reports since January 27, 2016 according to SRatingsIntel. Wood downgraded the stock to “Market Perform” rating in Thursday, October 26 report. The firm has “Buy” rating given on Thursday, June 1 by Keefe Bruyette & Woods. On Thursday, January 28 the stock rating was upgraded by Sandler O’Neill to “Buy”. The stock of Chemical Financial Corporation (NASDAQ:CHFC) has “Buy” rating given on Tuesday, September 12 by Keefe Bruyette & Woods. On Friday, January 29 the stock rating was upgraded by FIG Partners to “Outperform”. Keefe Bruyette & Woods downgraded the stock to “Hold” rating in Thursday, October 26 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 3. Stephens maintained it with “Buy” rating and $5600 target in Tuesday, July 25 report. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Wednesday, January 27 report.

Since August 15, 2017, it had 0 buys, and 3 insider sales for $353,838 activity. $152,600 worth of Chemical Financial Corporation (NASDAQ:CHFC) was sold by GWIZDALA LORI A on Friday, October 27. $100,171 worth of Chemical Financial Corporation (NASDAQ:CHFC) shares were sold by Stauffer Larry D.

Investors sentiment increased to 1.51 in Q3 2017. Its up 0.34, from 1.17 in 2017Q2. It increased, as 14 investors sold Chemical Financial Corporation shares while 59 reduced holdings. 31 funds opened positions while 79 raised stakes. 55.30 million shares or 1.85% more from 54.29 million shares in 2017Q2 were reported. Teacher Retirement Of Texas holds 0% or 5,865 shares in its portfolio. Weaver C Barksdale Inc invested in 0% or 75 shares. Pub Employees Retirement Association Of Colorado reported 7,978 shares. Sg Americas Ltd Co owns 0.01% invested in Chemical Financial Corporation (NASDAQ:CHFC) for 25,899 shares. Cap Invsts accumulated 0.02% or 1.33M shares. Ameritas Investment Partners reported 0.06% stake. Moreover, Fdx has 0.01% invested in Chemical Financial Corporation (NASDAQ:CHFC). Northern Tru invested 0.03% of its portfolio in Chemical Financial Corporation (NASDAQ:CHFC). Moreover, Deutsche Natl Bank Ag has 0.01% invested in Chemical Financial Corporation (NASDAQ:CHFC) for 149,169 shares. 271,251 were reported by Morgan Stanley. Moreover, Northpointe Cap Ltd Liability has 0.47% invested in Chemical Financial Corporation (NASDAQ:CHFC) for 84,354 shares. Mutual Of America Cap Limited Liability Co accumulated 57,665 shares. Barclays Public Limited Com holds 11,802 shares or 0% of its portfolio. Employees Retirement Systems Of Texas owns 72,000 shares. Schroder Invest Mngmt owns 1.67M shares.

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 $4.01 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 21.52 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.

Ratings analysis reveals 38% of Wells Fargo’s analysts are positive. Out of 13 Wall Street analysts rating Wells Fargo, 5 give it “Buy”, 2 “Sell” rating, while 6 recommend “Hold”. The lowest target is $44.0 while the high is $65.0. The stock’s average target of $50.62 is -19.07% below today’s ($62.55) share price. WFC was included in 14 notes of analysts from September 15, 2016. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Monday, November 28 by Jefferies. The stock has “Outperform” rating by Robert W. Baird on Monday, September 19. The rating was downgraded by Credit Suisse on Thursday, February 16 to “Neutral”. The company was maintained on Tuesday, September 27 by FBR Capital. Raymond James downgraded the shares of WFC in report on Tuesday, October 4 to “Underperform” rating. The firm has “Hold” rating given on Wednesday, January 18 by Argus Research. On Thursday, December 1 the stock rating was downgraded by Susquehanna to “Neutral”. The company was maintained on Tuesday, January 3 by Barclays Capital. Deutsche Bank maintained the stock with “Buy” rating in Thursday, September 22 report. On Monday, April 10 the stock rating was upgraded by Piper Jaffray to “Neutral”.

Daily Journal Corp holds 56.91% of its portfolio in Wells Fargo & Company for 1.59 million shares. American Assets Inc owns 1.75 million shares or 28.08% of their US portfolio. Moreover, Vantage Investment Partners Llc has 27.06% invested in the company for 6.30 million shares. The United Kingdom-based Theleme Partners Llp has invested 20.61% in the stock. Brandywine Trust Co, a Delaware-based fund reported 304,853 shares.

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