Mutual of America Capital Management LLC Increases Holdings in Charter Financial Corp (CHFN)

Mutual of America Capital Management LLC raised its position in Charter Financial Corp (NASDAQ:CHFN) by 10.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 277,728 shares of the bank’s stock after purchasing an additional 25,911 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Charter Financial were worth $4,871,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Charter Financial during the fourth quarter valued at approximately $166,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of 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 valued at $269,000 after buying an additional 335 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Charter Financial during the third quarter valued at approximately $294,000. Jacobs Asset Management LLC purchased a new position in shares of Charter Financial during the third quarter valued at approximately $304,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Charter Financial during the second quarter valued at approximately $306,000. 66.01% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on CHFN. BidaskClub raised Charter Financial from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. ValuEngine cut Charter Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th.

In related news, insider Lee Washam sold 17,400 shares of Charter Financial 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 sale, the insider now directly owns 137,928 shares in the company, valued at $2,590,287.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.10% of the stock is owned by insiders.

Charter Financial Corp (NASDAQ CHFN) opened at $18.32 on Tuesday. The stock has a market capitalization of $293.25, a P/E ratio of 22.56 and a beta of 0.45. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. Charter Financial Corp has a 1 year low of $15.81 and a 1 year high of $21.10.

Charter Financial (NASDAQ:CHFN) last announced its earnings results on Tuesday, November 7th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). Charter Financial had a net margin of 17.69% and a return on equity of 6.17%.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 13th will be given a dividend of $0.08 per share. This is a boost from Charter Financial’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, February 12th. This represents a $0.32 annualized dividend and a dividend yield of 1.75%. Charter Financial’s payout ratio is presently 32.97%.

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

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