Minerva Advisors LLC maintained its position in Charter Financial Corp. (NASDAQ:CHFN) during the second quarter, Holdings Channel reports. The fund owned 139,658 shares of the company’s stock at the end of the second quarter. Charter Financial Corp. accounts for 1.3% of Minerva Advisors LLC’s holdings, making the stock its 22nd largest position. Minerva Advisors LLC’s holdings in Charter Financial Corp. were worth $1,854,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in CHFN. Los Angeles Capital Management & Equity Research Inc. raised its position 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 last quarter. State Street Corp raised its position 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 last quarter. Finally, Acadian Asset Management LLC raised its position 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 last quarter. Hedge funds and other institutional investors own 63.47% of the company’s stock.
Shares of Charter Financial Corp. (NASDAQ:CHFN) traded up 0.08% during midday trading on Friday, reaching $12.70. The company’s stock had a trading volume of 8,499 shares. The stock has a 50-day moving average price of $13.00 and a 200 day moving average price of $13.14. The stock has a market capitalization of $180.14 million, a PE ratio of 22.60 and a beta of 0.15. Charter Financial Corp. has a 52 week low of $12.34 and a 52 week high of $14.76.
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 analysts’ consensus estimates of $0.19 by $0.10. Charter Financial Corp. had a net margin of 13.87% and a return on equity of 4.94%. Equities analysts forecast 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.
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