Context BH Capital Management LP Boosts Position in Charter Financial Corp. (CHFN)
Context BH Capital Management LP boosted its holdings in Charter Financial Corp. (NASDAQ:CHFN) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 160,600 shares of the bank’s stock after purchasing an additional 34,154 shares during the quarter. Charter Financial Corp. comprises approximately 1.0% of Context BH Capital Management LP’s investment portfolio, making the stock its 28th largest holding. Context BH Capital Management LP owned about 1.12% of Charter Financial Corp. worth $2,891,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. American International Group Inc. grew its position in Charter Financial Corp. by 6.8% in the 1st quarter. American International Group Inc. now owns 8,359 shares of the bank’s stock valued at $164,000 after purchasing an additional 529 shares during the period. Sei Investments Co. grew its position in Charter Financial Corp. by 6.6% in the 1st quarter. Sei Investments Co. now owns 9,960 shares of the bank’s stock valued at $196,000 after purchasing an additional 615 shares during the period. Strs Ohio grew its position in Charter Financial Corp. by 308.0% in the 1st quarter. Strs Ohio now owns 10,200 shares of the bank’s stock valued at $200,000 after purchasing an additional 7,700 shares during the period. Trexquant Investment LP acquired a new stake in Charter Financial Corp. in the 2nd quarter valued at $194,000. Finally, Cigna Investments Inc. New acquired a new stake in Charter Financial Corp. in the 2nd quarter valued at $203,000. 65.63% of the stock is owned by institutional investors and hedge funds.
CHFN has been the subject of several research reports. FIG Partners reissued a “market-perform” rating on shares of Charter Financial Corp. in a research report on Friday, June 2nd. ValuEngine raised shares of Charter Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, BidaskClub downgraded shares of Charter Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Charter Financial Corp. currently has a consensus rating of “Hold” and an average price target of $18.50.
Charter Financial Corp. (CHFN) traded up 1.06% during trading on Monday, reaching $17.17. 2,585 shares of the company’s stock were exchanged. The stock has a market cap of $246.44 million, a PE ratio of 16.48 and a beta of 0.42. The firm has a 50 day moving average of $16.77 and a 200-day moving average of $18.21. Charter Financial Corp. has a 12 month low of $12.51 and a 12 month high of $21.10.
Charter Financial Corp. (NASDAQ:CHFN) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Charter Financial Corp. had a return on equity of 7.57% and a net margin of 21.28%. The firm had revenue of $16.63 million during the quarter, compared to the consensus estimate of $16.74 million. On average, equities research analysts anticipate that Charter Financial Corp. will post $1.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This is an increase from Charter Financial Corp.’s previous quarterly dividend of $0.07. This represents a $0.28 annualized dividend and a dividend yield of 1.65%. Charter Financial Corp.’s dividend payout ratio (DPR) is presently 26.92%.
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Charter Financial Corp. 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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