Charter Financial Corp. (NASDAQ:CHFN) Shares Sold by Alliancebernstein L.P.
Alliancebernstein L.P. decreased its stake in Charter Financial Corp. (NASDAQ:CHFN) by 33.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,476 shares of the bank’s stock after selling 9,578 shares during the period. Alliancebernstein L.P. owned 0.14% of Charter Financial Corp. worth $383,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of CHFN. American International Group Inc. raised its stake 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. Metropolitan Life Insurance Co. NY bought a new stake in shares of Charter Financial Corp. during the fourth quarter valued at about $175,000. Sei Investments Co. raised its stake 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 valued at $196,000 after buying an additional 615 shares during the last quarter. Strs Ohio raised its stake 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 valued at $200,000 after buying an additional 7,700 shares during the last quarter. Finally, Eagle Global Advisors LLC bought a new stake in shares of Charter Financial Corp. during the first quarter valued at about $284,000. Institutional investors own 64.72% of the company’s stock.
Shares of Charter Financial Corp. (NASDAQ CHFN) traded down 1.15% on Friday, reaching $16.39. 28,398 shares of the company’s stock traded hands. The stock has a market cap of $235.25 million, a price-to-earnings ratio of 15.73 and a beta of 0.41. Charter Financial Corp. has a 52-week low of $12.51 and a 52-week high of $21.11. The firm’s 50-day moving average is $17.93 and its 200-day moving average is $18.46.
Charter Financial Corp. (NASDAQ:CHFN) last announced its quarterly earnings data 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. The firm had revenue of $16.63 million during the quarter, compared to analysts’ expectations of $16.74 million. Charter Financial Corp. had a net margin of 21.28% and a return on equity of 7.57%. Analysts anticipate that Charter Financial Corp. will post $1.16 EPS for the current fiscal year.
The company also recently disclosed 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. The ex-dividend date is Tuesday, August 8th. This is a boost from Charter Financial Corp.’s previous quarterly dividend of $0.07. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.71%. Charter Financial Corp.’s dividend payout ratio is 26.92%.
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Several equities research analysts have recently issued reports on CHFN shares. ValuEngine upgraded shares of Charter Financial Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Sandler O’Neill started coverage on shares of Charter Financial Corp. in a report on Monday, April 17th. They issued a “buy” rating and a $23.00 price objective for the company. BidaskClub downgraded shares of Charter Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of Charter Financial Corp. in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.50.
In other news, President Lee Washam sold 2,980 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $18.03, for a total value of $53,729.40. Following the completion of the sale, the president now directly owns 141,928 shares of the company’s stock, valued at $2,558,961.84. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 14,273 shares of company stock valued at $258,689. Corporate insiders own 11.80% of the company’s stock.
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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