BidaskClub lowered shares of Charter Financial (NASDAQ:CHFN) from a buy rating to a hold rating in a research note issued to investors on Friday morning.

Separately, ValuEngine cut Charter Financial from a buy rating to a hold rating in a report on Saturday, November 25th.

Charter Financial (NASDAQ CHFN) opened at $18.31 on Friday. The firm has a market capitalization of $276.77, a P/E ratio of 19.27 and a beta of 0.42. Charter Financial has a twelve month low of $15.56 and a twelve month high of $21.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Friday, November 10th were issued a $0.075 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This is a boost from Charter Financial’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 1.64%. Charter Financial’s dividend payout ratio is currently 31.58%.

In related news, insider Lee Washam sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $19.00, for a total value of $152,000.00. Following the transaction, the insider now directly owns 137,928 shares in the company, valued at $2,620,632. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio raised its position in Charter Financial by 5.9% in the second quarter. Strs Ohio now owns 10,800 shares of the bank’s stock valued at $194,000 after purchasing an additional 600 shares during the period. Trexquant Investment LP purchased a new stake in Charter Financial in the second quarter valued at approximately $194,000. Cigna Investments Inc. New purchased a new stake in Charter Financial in the second quarter valued at approximately $203,000. Raymond James Financial Services Advisors Inc. raised its position in Charter Financial by 2.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,962 shares of the bank’s stock valued at $269,000 after purchasing an additional 335 shares during the period. Finally, American Century Companies Inc. purchased a new stake in Charter Financial in the third quarter valued at approximately $294,000. 65.25% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://www.watchlistnews.com/charter-financial-chfn-downgraded-by-bidaskclub/1770954.html.

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.

Receive News & Ratings for Charter Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Financial and related companies with MarketBeat.com's FREE daily email newsletter.