A Director at Chemical Financial Corp (NASDAQ: CHFC) is Selling Shares

By Carrie Williams

Today, a Director at Chemical Financial Corp (NASDAQ: CHFC), Richard Lievense, sold shares of CHFC for $397.5K.

In addition to Richard Lievense, 29 other CHFC executives reported Sell trades in the last month.

Based on Chemical Financial Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $191 million and quarterly net profit of $47.17 million. In comparison, last year the company earned revenue of $101 million and had a net profit of $25.5 million. The company has a one year high of $55.55 and a one year low of $30. CHFC’s market cap is $3.45B and the company has a P/E ratio of 22.75.

In the last 30 days, insiders have sold $52.81M worth of CHFC shares and purchased $72.84K worth of CHFC shares. The insider sentiment on Chemical Financial Corp has been neutral according to 67 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Richard Lievense’s trades have generated a -38.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Chemical Financial Corp. is a diversified financial holding company, which operates through its subsidiary, Chemical Bank. It operates its business through the Commercial Banking business segment. The bank operates through an internal organizational structure of regional banking units, offering a full range of traditional banking, fiduciary products, services to the residents and business customers in its geographical market areas. Its offers 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 other banking services. The company was founded in August 1973 and is headquartered in Midland, MI.