Bank of New York Mellon Corp raised its stake in shares of Charter Financial Corp. (NASDAQ:CHFN) by 18.7% during the second quarter, Holdings Channel reports. The firm owned 120,767 shares of the company’s stock after buying an additional 19,051 shares during the period. Bank of New York Mellon Corp owned about 0.85% of Charter Financial Corp. worth $1,604,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC raised its stake in Charter Financial Corp. by 3.5% in the second quarter. Acadian Asset Management LLC now owns 424,910 shares of the company’s stock valued at $5,643,000 after buying an additional 14,458 shares during the period. State Street Corp raised its stake in Charter Financial Corp. by 1.4% in the first quarter. State Street Corp now owns 293,222 shares of the company’s stock valued at $3,955,000 after buying an additional 4,010 shares during the period. Chicago Equity Partners LLC raised its stake in Charter Financial Corp. by 119.2% in the second quarter. Chicago Equity Partners LLC now owns 42,680 shares of the company’s stock valued at $567,000 after buying an additional 23,210 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Charter Financial Corp. by 31.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,718 shares of the company’s stock valued at $293,000 after buying an additional 5,250 shares during the period. 63.47% of the stock is currently owned by institutional investors.
Charter Financial Corp. (NASDAQ:CHFN) traded down 0.24% during mid-day trading on Friday, hitting $12.66. 13,480 shares of the stock traded hands. The stock has a market cap of $179.57 million, a price-to-earnings ratio of 22.53 and a beta of 0.15. Charter Financial Corp. has a 1-year low of $12.34 and a 1-year high of $14.76. The company’s 50 day moving average price is $12.97 and its 200-day moving average price is $13.13.
Charter Financial Corp. (NASDAQ:CHFN) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.10. Charter Financial Corp. had a return on equity of 4.94% and a net margin of 13.87%. Analysts predict that Charter Financial Corp. will post $0.75 earnings per share for the current year.
Charter Financial Corp. Company Profile
Charter Financial Corporation is the savings and loan holding company for CharterBank (the Bank). The Bank is a federally-chartered savings bank. Its 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.
Want to see what other hedge funds are holding CHFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Charter Financial Corp. (NASDAQ:CHFN).
Receive News & Ratings for Charter Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.