Eagle Global Advisors LLC purchased a new position in Charter Financial Corp (NASDAQ:CHFN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,443 shares of the bank’s stock, valued at approximately $284,000.
Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in Charter Financial Corp during the fourth quarter worth $2,549,000. Metropolitan Life Insurance Co. NY acquired a new stake in Charter Financial Corp during the fourth quarter worth $175,000. State Street Corp increased its stake in Charter Financial Corp by 6.3% in the fourth quarter. State Street Corp now owns 314,321 shares of the bank’s stock worth $5,239,000 after buying an additional 18,626 shares during the period. Acadian Asset Management LLC increased its stake in Charter Financial Corp by 10.8% in the first quarter. Acadian Asset Management LLC now owns 471,503 shares of the bank’s stock worth $9,275,000 after buying an additional 45,793 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Charter Financial Corp by 8.9% in the fourth quarter. Baird Financial Group Inc. now owns 73,647 shares of the bank’s stock worth $1,228,000 after buying an additional 6,006 shares during the period. 63.54% of the stock is owned by institutional investors and hedge funds.
Shares of Charter Financial Corp (NASDAQ:CHFN) traded down 2.14% during midday trading on Friday, reaching $18.29. 36,588 shares of the company’s stock traded hands. The stock has a market cap of $261.95 million, a P/E ratio of 20.28 and a beta of 0.30. The stock has a 50-day moving average price of $19.45 and a 200-day moving average price of $17.31. Charter Financial Corp has a 52-week low of $12.36 and a 52-week high of $21.10.
Charter Financial Corp (NASDAQ:CHFN) last issued its quarterly earnings results on Thursday, April 27th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.02. The firm had revenue of $16.20 million during the quarter. Charter Financial Corp had a return on equity of 6.10% and a net margin of 17.48%. Analysts forecast that Charter Financial Corp will post $1.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th will be given a $0.065 dividend. The ex-dividend date is Tuesday, May 9th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Charter Financial Corp’s previous quarterly dividend of $0.06. Charter Financial Corp’s payout ratio is 29.27%.
Separately, Sandler O’Neill initiated coverage on shares of Charter Financial Corp in a research note on Monday, April 17th. They issued a “buy” rating and a $23.00 target price for the company.
About Charter Financial Corp
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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