Northern Trust Corp trimmed its position in shares of Charter Financial Corp. (NASDAQ:CHFN) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,363 shares of the bank’s stock after selling 1,602 shares during the period. Northern Trust Corp owned approximately 1.05% of Charter Financial worth $2,725,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHFN. American International Group Inc. grew its holdings in Charter Financial by 6.8% during 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 in the last quarter. Strs Ohio grew its holdings in 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 acquired a new position in Charter Financial during the 2nd quarter worth $194,000. Cigna Investments Inc. New acquired a new position in Charter Financial during the 2nd quarter worth $203,000. Finally, Ameriprise Financial Inc. acquired a new position in Charter Financial during the 2nd quarter worth $307,000. 66.57% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on CHFN. BidaskClub lowered shares of Charter Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine lowered shares of Charter Financial from a “buy” rating to a “hold” rating in a report on Saturday.
Charter Financial Corp. (NASDAQ CHFN) opened at $17.32 on Monday. The firm has a market cap of $261.81, a price-to-earnings ratio of 18.23 and a beta of 0.44. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. Charter Financial Corp. has a fifty-two week low of $13.45 and a fifty-two week high of $21.10.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th were issued 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 yield of 1.73%. The ex-dividend date of this dividend was Thursday, November 9th. Charter Financial’s dividend payout ratio (DPR) is currently 31.58%.
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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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