Insider Selling: Charter Financial Corp. (CHFN) President Sells 2,980 Shares of Stock

Charter Financial Corp. (NASDAQ:CHFN) President Lee Washam sold 2,980 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $18.03, for a total transaction of $53,729.40. Following the transaction, the president now directly owns 141,928 shares of the company’s stock, valued at approximately $2,558,961.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Lee Washam also recently made the following trade(s):

  • On Tuesday, June 13th, Lee Washam sold 5,147 shares of Charter Financial Corp. stock. The stock was sold at an average price of $18.13, for a total transaction of $93,315.11.
  • On Monday, June 12th, Lee Washam sold 450 shares of Charter Financial Corp. stock. The stock was sold at an average price of $18.36, for a total transaction of $8,262.00.
  • On Wednesday, June 14th, Lee Washam sold 5,696 shares of Charter Financial Corp. stock. The stock was sold at an average price of $18.15, for a total transaction of $103,382.40.

Charter Financial Corp. (CHFN) traded down 1.00% during trading on Monday, hitting $17.75. 55,041 shares of the company were exchanged. The company has a 50-day moving average of $18.46 and a 200-day moving average of $17.95. The company has a market capitalization of $254.22 million, a price-to-earnings ratio of 19.68 and a beta of 0.45. Charter Financial Corp. has a 12 month low of $12.36 and a 12 month high of $21.10.

Charter Financial Corp. (NASDAQ:CHFN) last released its quarterly earnings data on Thursday, April 27th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.02. Charter Financial Corp. had a return on equity of 6.60% and a net margin of 18.26%. The business had revenue of $16.20 million during the quarter. Analysts forecast that Charter Financial Corp. will post $1.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 25th. Stockholders of record on Thursday, May 11th were given a $0.065 dividend. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.26 annualized dividend and a dividend yield of 1.46%. This is a positive change from Charter Financial Corp.’s previous quarterly dividend of $0.06. Charter Financial Corp.’s dividend payout ratio is presently 28.89%.

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Large investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its stake in Charter Financial Corp. by 6.8% in the first quarter. American International Group Inc. now owns 8,359 shares of the bank’s stock valued at $164,000 after buying an additional 529 shares during the last quarter. Sei Investments Co. raised its stake in Charter Financial Corp. by 6.6% in the first quarter. Sei Investments Co. now owns 9,960 shares of the bank’s stock valued at $196,000 after buying an additional 615 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Charter Financial Corp. by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 34,261 shares of the bank’s stock valued at $674,000 after buying an additional 774 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in Charter Financial Corp. by 1.4% in the first quarter. Parametric Portfolio Associates LLC now owns 72,927 shares of the bank’s stock valued at $1,434,000 after buying an additional 991 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Charter Financial Corp. by 0.5% in the first quarter. Mutual of America Capital Management LLC now owns 242,257 shares of the bank’s stock valued at $4,765,000 after buying an additional 1,173 shares during the last quarter. 64.37% of the stock is owned by institutional investors.

A number of equities analysts recently weighed in on CHFN shares. Sandler O’Neill started coverage on shares of Charter Financial Corp. in a research report on Monday, April 17th. They set a “buy” rating and a $23.00 price objective for the company. FIG Partners reaffirmed a “market-perform” rating on shares of Charter Financial Corp. in a research report on Friday, June 2nd. Finally, ValuEngine raised shares of Charter Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 9th.

Charter Financial Corp. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CHFN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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