BidaskClub downgraded shares of Charter Financial (NASDAQ:CHFN) from a hold rating to a sell rating in a report issued on Thursday.

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 (CHFN) traded up $0.24 during mid-day trading on Thursday, hitting $18.05. 28,100 shares of the stock traded hands, compared to its average volume of 21,568. The firm has a market cap of $272.84, a price-to-earnings ratio of 19.00 and a beta of 0.43. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. Charter Financial has a one year low of $15.81 and a one year high of $21.10.

In related news, insider Lee Washam sold 17,400 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $18.78, for a total value of $326,772.00. Following the completion of the transaction, the insider now directly owns 137,928 shares of the company’s stock, valued at approximately $2,590,287.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 11.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Investors Inc. PA boosted its stake in Charter Financial by 161.4% in the 2nd quarter. Federated Investors Inc. PA now owns 98,532 shares of the bank’s stock worth $1,774,000 after purchasing an additional 60,845 shares during the period. Ameriprise Financial Inc. bought a new stake in Charter Financial during the 2nd quarter worth about $307,000. Cornerstone Capital Management Holdings LLC. lifted its position in Charter Financial by 147.1% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 36,790 shares of the bank’s stock worth $661,000 after buying an additional 21,900 shares in the last quarter. Nationwide Fund Advisors lifted its position in Charter Financial by 37.6% during the 2nd quarter. Nationwide Fund Advisors now owns 48,419 shares of the bank’s stock worth $872,000 after buying an additional 13,222 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Charter Financial by 46.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,881 shares of the bank’s stock worth $405,000 after buying an additional 6,919 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

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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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