Alliancebernstein L.P. boosted its position in shares of Charter Financial Corp. (NASDAQ:CHFN) by 44.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,176 shares of the bank’s stock after purchasing an additional 8,700 shares during the period. Alliancebernstein L.P. owned approximately 0.20% of Charter Financial Corp. worth $507,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of CHFN. Bank of New York Mellon Corp raised its stake in Charter Financial Corp. by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 133,122 shares of the bank’s stock worth $2,619,000 after purchasing an additional 3,135 shares during the period. Parametric Portfolio Associates LLC raised its stake in Charter Financial Corp. by 1.4% during the first quarter. Parametric Portfolio Associates LLC now owns 72,927 shares of the bank’s stock worth $1,434,000 after purchasing an additional 991 shares during the period. American International Group Inc. raised its stake in Charter Financial Corp. by 6.8% during the first quarter. American International Group Inc. now owns 8,359 shares of the bank’s stock worth $164,000 after purchasing an additional 529 shares during the period. Wellington Management Group LLP purchased a new position in Charter Financial Corp. during the first quarter worth about $952,000. Finally, TIAA CREF Investment Management LLC raised its stake in Charter Financial Corp. by 6.2% during the first quarter. TIAA CREF Investment Management LLC now owns 56,536 shares of the bank’s stock worth $1,112,000 after purchasing an additional 3,276 shares during the period. 65.59% of the stock is currently owned by institutional investors.
Separately, BidaskClub downgraded shares of Charter Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.50.
Shares of Charter Financial Corp. (NASDAQ CHFN) opened at $19.93 on Friday. Charter Financial Corp. has a 12-month low of $12.75 and a 12-month high of $21.10. The firm has a market cap of $301.18, a PE ratio of 19.16 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 0.97.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders 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 a boost from Charter Financial Corp.’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.51%. Charter Financial Corp.’s dividend payout ratio (DPR) is currently 26.92%.
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.
What are top analysts saying about Charter Financial Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Charter Financial Corp. and related companies.