Jacobs Asset Management LLC Takes Position in Charter Financial Corp. (CHFN)
Jacobs Asset Management LLC acquired a new stake in Charter Financial Corp. (NASDAQ:CHFN) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 16,421 shares of the bank’s stock, valued at approximately $304,000. Jacobs Asset Management LLC owned 0.11% of Charter Financial at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Strs Ohio lifted its stake in shares of Charter Financial by 5.9% in the 2nd quarter. Strs Ohio now owns 10,800 shares of the bank’s stock valued at $194,000 after purchasing an additional 600 shares during the period. Trexquant Investment LP acquired a new position in shares of Charter Financial in the 2nd quarter valued at about $194,000. Cigna Investments Inc. New acquired a new position in shares of Charter Financial in the 2nd quarter valued at about $203,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Charter Financial by 2.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,962 shares of the bank’s stock valued at $269,000 after purchasing an additional 335 shares during the period. Finally, American Century Companies Inc. acquired a new position in shares of Charter Financial in the 3rd quarter valued at about $294,000. 65.25% of the stock is currently owned by institutional investors.
In related news, insider Lee Washam sold 17,400 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $18.78, for a total transaction of $326,772.00. Following the transaction, the insider now directly owns 137,928 shares of the company’s stock, valued at approximately $2,590,287.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 11.80% of the stock is currently owned by corporate insiders.
Charter Financial Corp. (CHFN) opened at $18.89 on Thursday. Charter Financial Corp. has a 52 week low of $14.48 and a 52 week high of $21.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $283.88, a P/E ratio of 19.77 and a beta of 0.42.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Friday, November 10th were paid a dividend of $0.075 per share. This is an increase from Charter Financial’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, November 9th. Charter Financial’s dividend payout ratio is 31.58%.
A number of brokerages have recently issued reports on CHFN. BidaskClub downgraded Charter Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. ValuEngine downgraded Charter Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th.
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Charter Financial 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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