Charter Financial (CHFN) Cut to Hold at BidaskClub

BidaskClub downgraded shares of Charter Financial (NASDAQ:CHFN) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Separately, ValuEngine lowered shares of Charter Financial from a buy rating to a hold rating in a research note on Saturday, November 25th.

Shares of Charter Financial (NASDAQ:CHFN) opened at $18.75 on Friday. The stock has a market cap of $276.77, a price-to-earnings ratio of 19.27 and a beta of 0.42. Charter Financial has a one year low of $15.56 and a one year high of $21.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th were paid a dividend of $0.075 per share. This is a positive change from Charter Financial’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Thursday, November 9th. Charter Financial’s payout ratio is currently 31.58%.

In related news, insider Lee Washam sold 17,400 shares of Charter Financial stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $18.78, for a total value of $326,772.00. Following the completion of the sale, the insider now directly owns 137,928 shares in the company, valued at $2,590,287.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio raised its holdings in shares of Charter Financial by 5.9% in the second quarter. Strs Ohio now owns 10,800 shares of the bank’s stock valued at $194,000 after acquiring an additional 600 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Charter Financial in the second quarter valued at about $194,000. Cigna Investments Inc. New bought a new stake in shares of Charter Financial in the second quarter valued at about $203,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Charter Financial by 2.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,962 shares of the bank’s stock valued at $269,000 after acquiring an additional 335 shares in the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Charter Financial in the third quarter valued at about $294,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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About Charter Financial

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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