Raymond James Financial Services Advisors Inc. Acquires 6,919 Shares of Charter Financial Corp. (CHFN)
Raymond James Financial Services Advisors Inc. grew its holdings in shares of Charter Financial Corp. (NASDAQ:CHFN) by 46.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,881 shares of the bank’s stock after purchasing an additional 6,919 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.15% of Charter Financial worth $405,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Mutual of America Capital Management LLC lifted its holdings in shares of Charter Financial by 2.8% during the third quarter. Mutual of America Capital Management LLC now owns 251,817 shares of the bank’s stock valued at $4,666,000 after purchasing an additional 6,886 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Charter Financial during the second quarter valued at approximately $306,000. State Street Corp lifted its holdings in shares of Charter Financial by 3.9% during the second quarter. State Street Corp now owns 325,258 shares of the bank’s stock valued at $5,856,000 after purchasing an additional 12,216 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Charter Financial by 147.1% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 36,790 shares of the bank’s stock valued at $661,000 after purchasing an additional 21,900 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Charter Financial during the second quarter valued at approximately $1,605,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.
In related news, insider Lee Washam sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $19.00, for a total value of $152,000.00. Following the completion of the transaction, the insider now directly owns 137,928 shares in the company, valued at approximately $2,620,632. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.80% of the stock is owned by insiders.
A number of brokerages recently weighed in on CHFN. ValuEngine lowered shares of Charter Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub lowered shares of Charter Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 10th.
Charter Financial Corp. (NASDAQ CHFN) opened at $18.90 on Friday. Charter Financial Corp. has a 1-year low of $14.48 and a 1-year high of $21.10. The firm has a market cap of $283.88, a P/E ratio of 19.77 and a beta of 0.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.97 and a quick ratio of 0.97.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Friday, November 10th were issued a $0.075 dividend. This is a positive change 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 payout ratio is presently 31.58%.
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Charter Financial 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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