Charter Financial Corp. (NASDAQ:CHFN) issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01, Morningstar.com reports. The firm had revenue of $16.63 million for the quarter, compared to the consensus estimate of $16.74 million. Charter Financial Corp. had a net margin of 21.28% and a return on equity of 7.63%.
Charter Financial Corp. (NASDAQ CHFN) traded down 0.91% during mid-day trading on Friday, hitting $17.51. 32,869 shares of the stock traded hands. The firm has a market cap of $251.32 million, a P/E ratio of 16.80 and a beta of 0.41. The firm’s 50-day moving average is $18.06 and its 200 day moving average is $18.46. Charter Financial Corp. has a 52-week low of $12.51 and a 52-week high of $21.10.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a $0.07 dividend. This is a positive change from Charter Financial Corp.’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.60%. Charter Financial Corp.’s dividend payout ratio is presently 25.00%.
In other news, President Lee Washam sold 2,980 shares of Charter Financial Corp. stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $18.03, for a total value of $53,729.40. Following the completion of the transaction, the president now owns 141,928 shares of the company’s stock, valued at approximately $2,558,961.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 14,273 shares of company stock valued at $258,689. 11.80% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CHFN. American International Group Inc. increased its position in shares of Charter Financial Corp. by 6.8% in the first quarter. American International Group Inc. now owns 8,359 shares of the bank’s stock worth $164,000 after buying an additional 529 shares during the period. Sei Investments Co. increased its position in shares of Charter Financial Corp. by 6.6% in the first quarter. Sei Investments Co. now owns 9,960 shares of the bank’s stock worth $196,000 after buying an additional 615 shares during the period. Strs Ohio increased its position in shares of Charter Financial Corp. by 308.0% in the first quarter. Strs Ohio now owns 10,200 shares of the bank’s stock worth $200,000 after buying an additional 7,700 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of Charter Financial Corp. during the fourth quarter worth about $175,000. Finally, Trexquant Investment LP bought a new position in shares of Charter Financial Corp. during the second quarter worth about $194,000. Institutional investors own 64.74% of the company’s stock.
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CHFN has been the topic of a number of research reports. FIG Partners reiterated a “market-perform” rating on shares of Charter Financial Corp. in a research report on Friday, June 2nd. Sandler O’Neill initiated coverage on shares of Charter Financial Corp. in a report on Monday, April 17th. They set a “buy” rating and a $23.00 price objective on the stock. ValuEngine upgraded shares of Charter Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, BidaskClub downgraded shares of Charter Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Charter Financial Corp. currently has an average rating of “Buy” and a consensus target price of $18.50.
Charter Financial Corp. Company Profile
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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