Lee Washam Sells 17,400 Shares of Charter Financial Corp. (CHFN) Stock

Charter Financial Corp. (NASDAQ:CHFN) insider Lee Washam sold 17,400 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $18.78, for a total transaction of $326,772.00. Following the completion of the sale, the insider now owns 137,928 shares in the company, valued at approximately $2,590,287.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Thursday, November 30th, Lee Washam sold 8,000 shares of Charter Financial stock. The stock was sold at an average price of $19.00, for a total transaction of $152,000.00.

Shares of Charter Financial Corp. (NASDAQ:CHFN) opened at $18.78 on Wednesday. Charter Financial Corp. has a 52 week low of $13.45 and a 52 week high of $21.10. 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 firm has a market cap of $284.03, a price-to-earnings ratio of 19.78 and a beta of 0.42.

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

A number of institutional investors and hedge funds have recently bought and sold shares of CHFN. Strs Ohio boosted its stake in Charter Financial by 5.9% during the second quarter. Strs Ohio now owns 10,800 shares of the bank’s stock worth $194,000 after buying an additional 600 shares in the last quarter. Trexquant Investment LP acquired a new stake in Charter Financial during the second quarter worth $194,000. Cigna Investments Inc. New acquired a new stake in Charter Financial during the second quarter worth $203,000. Raymond James Financial Services Advisors Inc. boosted its stake in Charter Financial by 2.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,962 shares of the bank’s stock worth $269,000 after buying an additional 335 shares in the last quarter. Finally, American Century Companies Inc. acquired a new stake in shares of Charter Financial in the 3rd quarter valued at $294,000. Hedge funds and other institutional investors own 65.25% of the company’s stock.

A number of research firms have weighed in on CHFN. ValuEngine downgraded shares of Charter Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. BidaskClub downgraded shares of Charter Financial from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th.

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Charter Financial 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.

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