Dimensional Fund Advisors LP Acquires 52,104 Shares of Charter Financial Corp. (CHFN)

Dimensional Fund Advisors LP lifted its holdings in shares of Charter Financial Corp. (NASDAQ:CHFN) by 16.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 365,449 shares of the bank’s stock after acquiring an additional 52,104 shares during the period. Dimensional Fund Advisors LP owned approximately 2.55% of Charter Financial Corp. worth $6,578,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of Charter Financial Corp. by 11.7% during the second quarter. Russell Investments Group Ltd. now owns 177,887 shares of the bank’s stock worth $3,202,000 after acquiring an additional 18,682 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Charter Financial Corp. by 35.6% during the first quarter. Geode Capital Management LLC now owns 125,138 shares of the bank’s stock worth $2,461,000 after acquiring an additional 32,869 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Charter Financial Corp. by 161.4% during the second quarter. Federated Investors Inc. PA now owns 98,532 shares of the bank’s stock worth $1,774,000 after acquiring an additional 60,845 shares in the last quarter. First Quadrant L P CA increased its position in shares of Charter Financial Corp. by 553.9% during the second quarter. First Quadrant L P CA now owns 28,223 shares of the bank’s stock worth $508,000 after acquiring an additional 23,907 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in shares of Charter Financial Corp. by 37.6% during the second quarter. Nationwide Fund Advisors now owns 48,419 shares of the bank’s stock worth $872,000 after acquiring an additional 13,222 shares in the last quarter. 66.57% of the stock is owned by institutional investors.

Separately, BidaskClub downgraded shares of Charter Financial Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

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Shares of Charter Financial Corp. (CHFN) opened at $17.53 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a market cap of $263.47, a PE ratio of 18.35 and a beta of 0.44. Charter Financial Corp. has a 52-week low of $13.45 and a 52-week high of $21.10.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from Charter Financial Corp.’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 1.71%. Charter Financial Corp.’s payout ratio is presently 31.58%.

Charter Financial Corp. 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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Institutional Ownership by Quarter for Charter Financial Corp. (NASDAQ:CHFN)

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