Wellington Management Group LLP bought a new position in shares of Charter Financial Corp. (NASDAQ:CHFN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 48,399 shares of the bank’s stock, valued at approximately $952,000. Wellington Management Group LLP owned approximately 0.34% of Charter Financial Corp. at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. American International Group Inc. raised 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 valued at $164,000 after buying an additional 529 shares during the last quarter. Sei Investments Co. raised its position in Charter Financial Corp. by 6.6% in the first quarter. Sei Investments Co. now owns 9,960 shares of the bank’s stock valued at $196,000 after buying an additional 615 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Charter Financial Corp. by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 72,927 shares of the bank’s stock worth $1,434,000 after buying an additional 991 shares during the period. Mutual of America Capital Management LLC raised its position in Charter Financial Corp. by 0.5% in the first quarter. Mutual of America Capital Management LLC now owns 242,257 shares of the bank’s stock worth $4,765,000 after buying an additional 1,173 shares during the period. Finally, Nationwide Fund Advisors raised its position in Charter Financial Corp. by 5.7% in the first quarter. Nationwide Fund Advisors now owns 35,197 shares of the bank’s stock worth $692,000 after buying an additional 1,911 shares during the period. 65.17% of the stock is owned by institutional investors and hedge funds.
Shares of Charter Financial Corp. (NASDAQ:CHFN) traded down 2.68% during midday trading on Wednesday, hitting $15.99. The stock had a trading volume of 57,275 shares. Charter Financial Corp. has a one year low of $12.51 and a one year high of $21.10. The company has a market cap of $229.50 million, a P/E ratio of 15.35 and a beta of 0.41. The firm has a 50 day moving average of $17.89 and a 200-day moving average of $18.48.
Charter Financial Corp. (NASDAQ:CHFN) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Charter Financial Corp. had a net margin of 21.28% and a return on equity of 7.57%. The firm had revenue of $16.63 million during the quarter, compared to the consensus estimate of $16.74 million. On average, analysts forecast that Charter Financial Corp. will post $1.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Investors of record on Thursday, August 10th will be issued a dividend of $0.07 per share. This is an increase from Charter Financial Corp.’s previous quarterly dividend of $0.07. This represents a $0.28 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, August 8th. Charter Financial Corp.’s dividend payout ratio (DPR) is currently 26.92%.
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A number of research analysts recently issued reports on CHFN shares. BidaskClub lowered Charter Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. FIG Partners restated a “market-perform” rating on shares of Charter Financial Corp. in a research note on Friday, June 2nd. Finally, ValuEngine upgraded Charter Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.
In related news, President Lee Washam sold 5,147 shares of Charter Financial Corp. stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $18.13, for a total transaction of $93,315.11. Following the completion of the transaction, the president now directly owns 148,154 shares of the company’s stock, valued at approximately $2,686,032.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 14,273 shares of company stock valued at $258,689 over the last three months. 10.40% of the stock is currently owned by insiders.
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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