Charter Financial Corp. (CHFN) Downgraded to “Hold” at ValuEngine
ValuEngine lowered shares of Charter Financial Corp. (NASDAQ:CHFN) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.
Separately, BidaskClub lowered shares of Charter Financial from a hold rating to a sell rating in a research note on Thursday, August 10th.
Shares of Charter Financial (NASDAQ:CHFN) opened at $17.32 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 0.97. Charter Financial has a 12 month low of $13.45 and a 12 month high of $21.10. The stock has a market cap of $261.81, a PE ratio of 18.23 and a beta of 0.44.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Friday, November 10th were paid a dividend of $0.075 per share. This is a positive change from Charter Financial’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Thursday, November 9th. Charter Financial’s dividend payout ratio is presently 31.58%.
Several hedge funds have recently bought and sold shares of CHFN. American International Group Inc. boosted its stake in shares of Charter Financial by 6.8% during the 1st quarter. American International Group Inc. now owns 8,359 shares of the bank’s stock worth $164,000 after acquiring an additional 529 shares in the last quarter. Strs Ohio boosted its stake in shares of Charter Financial by 5.9% during the 2nd quarter. Strs Ohio now owns 10,800 shares of the bank’s stock worth $194,000 after acquiring an additional 600 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Charter Financial during the 2nd quarter worth about $194,000. Cigna Investments Inc. New purchased a new stake in shares of Charter Financial during the 2nd quarter worth about $203,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Charter Financial by 2.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 14,962 shares of the bank’s stock worth $269,000 after acquiring an additional 335 shares in the last quarter. 66.57% of the stock is currently owned by institutional investors and hedge funds.
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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