Chicago Equity Partners LLC lifted its holdings in shares of Charter Financial Corp. (NASDAQ:CHFN) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,663 shares of the bank’s stock after acquiring an additional 983 shares during the period. Chicago Equity Partners LLC owned 0.25% of Charter Financial Corp. worth $642,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of CHFN. Teachers Advisors LLC raised its position in shares of Charter Financial Corp. by 16.0% during the 4th quarter. Teachers Advisors LLC now owns 31,166 shares of the bank’s stock worth $520,000 after acquiring an additional 4,291 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Charter Financial Corp. by 5.7% during the 1st quarter. Nationwide Fund Advisors now owns 35,197 shares of the bank’s stock worth $692,000 after acquiring an additional 1,911 shares in the last quarter. Strs Ohio raised its position in shares of Charter Financial Corp. by 308.0% during the 1st quarter. Strs Ohio now owns 10,200 shares of the bank’s stock worth $200,000 after acquiring an additional 7,700 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Charter Financial Corp. by 3.7% during the 1st quarter. Russell Investments Group Ltd. now owns 159,205 shares of the bank’s stock worth $3,132,000 after acquiring an additional 5,714 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Charter Financial Corp. by 37.6% during the 1st quarter. Wells Fargo & Company MN now owns 60,407 shares of the bank’s stock worth $1,188,000 after acquiring an additional 16,495 shares in the last quarter. 65.63% of the stock is currently owned by institutional investors and hedge funds.
In related news, President Lee Washam sold 5,696 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $18.15, for a total value of $103,382.40. Following the completion of the transaction, the president now owns 148,154 shares of the company’s stock, valued at $2,688,995.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 10.40% of the company’s stock.
Shares of Charter Financial Corp. (NASDAQ:CHFN) opened at 16.78 on Tuesday. The firm has a market cap of $240.84 million, a price-to-earnings ratio of 16.10 and a beta of 0.42. The stock’s 50 day moving average price is $16.95 and its 200 day moving average price is $18.29. Charter Financial Corp. has a 12 month low of $12.51 and a 12 month high of $21.10.
Charter Financial Corp. (NASDAQ:CHFN) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $16.63 million during the quarter, compared to the consensus estimate of $16.74 million. Charter Financial Corp. had a return on equity of 7.57% and a net margin of 21.28%. Equities research analysts predict that Charter Financial Corp. will post $1.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.28 dividend on an annualized basis and a yield of 1.67%. This is an increase from Charter Financial Corp.’s previous quarterly dividend of $0.07. Charter Financial Corp.’s dividend payout ratio is currently 26.92%.
Several equities research analysts have recently weighed in on the company. ValuEngine raised Charter Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. BidaskClub lowered Charter Financial Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, FIG Partners reissued a “market-perform” rating on shares of Charter Financial Corp. in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Charter Financial Corp. has an average rating of “Hold” and a consensus target price of $18.50.
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About Charter Financial Corp.
Charter Financial Corporation is a savings and loan holding company for CharterBank (the Bank). The Bank is a federally-chartered savings bank. The Bank’s principal business consists of attracting retail deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate loans, one- to four-family residential mortgage loans, construction loans and investment securities, commercial business loans, home equity loans and lines of credit, and other consumer loans.
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