Russell Investments Group Ltd. purchased a new stake in Charter Financial Corp (NASDAQ:CHFN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 153,491 shares of the company’s stock, valued at approximately $2,549,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pax World Management LLC raised its position in Charter Financial Corp by 59.2% in the third quarter. Pax World Management LLC now owns 401,997 shares of the company’s stock valued at $5,178,000 after buying an additional 149,407 shares in the last quarter. Private Capital Management LLC raised its position in Charter Financial Corp by 4.7% in the third quarter. Private Capital Management LLC now owns 1,053,480 shares of the company’s stock valued at $13,569,000 after buying an additional 46,982 shares in the last quarter. Context BH Capital Management LP raised its position in Charter Financial Corp by 32.3% in the third quarter. Context BH Capital Management LP now owns 116,754 shares of the company’s stock valued at $1,504,000 after buying an additional 28,487 shares in the last quarter. JPMorgan Chase & Co. raised its position in Charter Financial Corp by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 626,875 shares of the company’s stock valued at $8,074,000 after buying an additional 12,575 shares in the last quarter. Finally, Sei Investments Co. raised its position in Charter Financial Corp by 168.4% in the third quarter. Sei Investments Co. now owns 8,982 shares of the company’s stock valued at $116,000 after buying an additional 5,635 shares in the last quarter. Institutional investors and hedge funds own 63.54% of the company’s stock.

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

Charter Financial Corp (NASDAQ:CHFN) opened at 18.80 on Tuesday. The stock’s 50 day moving average price is $18.45 and its 200 day moving average price is $15.31. Charter Financial Corp has a 52-week low of $12.35 and a 52-week high of $20.10. The stock has a market capitalization of $267.09 million, a price-to-earnings ratio of 23.01 and a beta of 0.30.

Charter Financial Corp (NASDAQ:CHFN) last posted its earnings results on Thursday, January 26th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. Charter Financial Corp had a return on equity of 6.10% and a net margin of 17.48%. On average, analysts forecast that Charter Financial Corp will post $1.16 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 24th. Investors of record on Friday, February 10th were paid a $0.06 dividend. The ex-dividend date was Wednesday, February 8th. This represents a $0.24 dividend on an annualized basis and a yield of 1.28%. This is a positive change from Charter Financial Corp’s previous quarterly dividend of $0.06. Charter Financial Corp’s dividend payout ratio is presently 29.27%.

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About Charter Financial Corp

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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