BidaskClub upgraded shares of Charter Financial (NASDAQ:CHFN) from a hold rating to a buy rating in a research note released on Tuesday morning.

Separately, ValuEngine lowered shares of Charter Financial from a buy rating to a hold rating in a research report on Saturday, November 25th.

Shares of Charter Financial (NASDAQ:CHFN) opened at $19.04 on Tuesday. Charter Financial has a 52-week low of $15.81 and a 52-week high of $21.10. The company has a market cap of $279.94, a PE ratio of 21.51 and a beta of 0.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 0.98.

Charter Financial (NASDAQ:CHFN) last released its quarterly earnings results on Friday, January 26th. The bank reported $0.24 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. Charter Financial had a net margin of 17.69% and a return on equity of 6.12%. The firm had revenue of $19.70 million during the quarter, compared to analyst estimates of $18.17 million.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 13th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, February 12th. This represents a $0.32 annualized dividend and a dividend yield of 1.68%. This is a positive change from Charter Financial’s previous quarterly dividend of $0.08. Charter Financial’s dividend payout ratio is presently 35.17%.

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 stock was sold at an average price of $19.00, for a total transaction 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 filing with the SEC, which is available at this hyperlink. 12.10% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. bought a new position in shares of Charter Financial during the 2nd quarter valued at approximately $307,000. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Charter Financial by 147.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 36,790 shares of the bank’s stock valued at $661,000 after acquiring an additional 21,900 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Charter Financial by 46.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,881 shares of the bank’s stock valued at $405,000 after acquiring an additional 6,919 shares during the period. Nationwide Fund Advisors grew its stake in shares of Charter Financial by 37.6% during the 2nd quarter. Nationwide Fund Advisors now owns 48,419 shares of the bank’s stock valued at $872,000 after acquiring an additional 13,222 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Charter Financial by 16.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 365,449 shares of the bank’s stock valued at $6,578,000 after acquiring an additional 52,104 shares during the period. Institutional investors own 66.10% of the company’s stock.

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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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