Arrowstreet Capital Limited Partnership cut its stake in shares of Charter Financial Corp (NASDAQ:CHFN) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,044 shares of the bank’s stock after selling 4,068 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.25% of Charter Financial worth $650,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Charter Financial during the fourth quarter valued at $166,000. American Century Companies Inc. purchased a new stake in shares of Charter Financial during the third quarter valued at $294,000. Jacobs Asset Management LLC purchased a new stake in shares of Charter Financial during the third quarter valued at $304,000. Ameriprise Financial Inc. purchased a new stake in shares of Charter Financial during the second quarter valued at $307,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Charter Financial during the third quarter valued at $345,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CHFN stock opened at $21.18 on Wednesday. Charter Financial Corp has a 1-year low of $15.81 and a 1-year high of $21.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The firm has a market cap of $329.12, a price-to-earnings ratio of 25.29 and a beta of 0.41.
Charter Financial (NASDAQ:CHFN) last posted its quarterly earnings results on Friday, January 26th. The bank reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. Charter Financial had a net margin of 17.69% and a return on equity of 6.12%. The company had revenue of $19.70 million for the quarter, compared to analyst estimates of $18.17 million.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.51%. This is a positive change from Charter Financial’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, February 12th. Charter Financial’s dividend payout ratio is presently 35.17%.
A number of equities research analysts have recently weighed in on the stock. BidaskClub raised shares of Charter Financial from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. ValuEngine lowered shares of Charter Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th.
COPYRIGHT VIOLATION WARNING: “Arrowstreet Capital Limited Partnership Sells 4,068 Shares of Charter Financial Corp (CHFN)” was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.thelincolnianonline.com/2018/03/21/charter-financial-corp-chfn-shares-sold-by-arrowstreet-capital-limited-partnership.html.
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.
Receive News & Ratings for Charter Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Financial and related companies with MarketBeat.com's FREE daily email newsletter.