Charter Financial (CHFN) Downgraded by BidaskClub
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.
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.
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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