Charter Financial Corp. (CHFN) Shares Bought by Sei Investments Co.
Sei Investments Co. increased its holdings in shares of Charter Financial Corp. (NASDAQ:CHFN) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,580 shares of the bank’s stock after purchasing an additional 2,875 shares during the quarter. Sei Investments Co. owned 0.15% of Charter Financial worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its position in Charter Financial by 6.7% during the second quarter. Renaissance Technologies LLC now owns 934,982 shares of the bank’s stock valued at $16,830,000 after acquiring an additional 58,600 shares during the last quarter. Vanguard Group Inc. increased its position in Charter Financial by 3.5% during the second quarter. Vanguard Group Inc. now owns 609,860 shares of the bank’s stock valued at $10,977,000 after acquiring an additional 20,347 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Charter Financial by 16.6% during the second quarter. Dimensional Fund Advisors LP now owns 365,449 shares of the bank’s stock valued at $6,578,000 after acquiring an additional 52,104 shares during the last quarter. State Street Corp increased its position in Charter Financial by 3.9% during the second quarter. State Street Corp now owns 325,258 shares of the bank’s stock valued at $5,856,000 after acquiring an additional 12,216 shares during the last quarter. Finally, Seizert Capital Partners LLC increased its position in Charter Financial by 1.4% during the second quarter. Seizert Capital Partners LLC now owns 268,593 shares of the bank’s stock valued at $4,835,000 after acquiring an additional 3,809 shares during the last quarter. 65.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Charter Financial Corp. (CHFN) opened at $18.36 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $277.98, a PE ratio of 19.36 and a beta of 0.42. Charter Financial Corp. has a 1 year low of $14.87 and a 1 year high of $21.10.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th were given a $0.075 dividend. This is a boost from Charter Financial’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $0.30 dividend on an annualized basis and a yield of 1.63%. Charter Financial’s dividend payout ratio is presently 31.58%.
A number of research firms recently commented on CHFN. ValuEngine cut Charter Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th. BidaskClub upgraded Charter Financial from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th.
In other Charter Financial news, insider Lee Washam sold 8,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $19.00, for a total value of $152,000.00. Following the completion of the sale, the insider now owns 137,928 shares in the company, valued at $2,620,632. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 10.40% of the company’s stock.
Charter Financial 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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