Charter Financial Corp. (NASDAQ:CHFN) to Issue Quarterly Dividend of $0.07 on August 24th
Charter Financial Corp. (NASDAQ:CHFN) announced a quarterly dividend on Wednesday, July 26th, Wall Street Journal reports. Shareholders of record on Thursday, August 10th will be given a dividend of 0.07 per share by the bank on Thursday, August 24th. This represents a $0.28 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, August 8th. This is a boost from Charter Financial Corp.’s previous quarterly dividend of $0.07.
Shares of Charter Financial Corp. (NASDAQ CHFN) opened at 17.51 on Monday. Charter Financial Corp. has a 52-week low of $12.51 and a 52-week high of $21.10. The firm has a 50-day moving average price of $18.06 and a 200-day moving average price of $18.46. The firm has a market capitalization of $251.32 million, a P/E ratio of 16.80 and a beta of 0.41.
Charter Financial Corp. (NASDAQ:CHFN) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $16.63 million during the quarter, compared to analyst estimates of $16.74 million. Charter Financial Corp. had a net margin of 21.28% and a return on equity of 7.63%. On average, equities research analysts anticipate that Charter Financial Corp. will post $1.16 EPS for the current year.
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CHFN has been the subject of several recent analyst reports. Sandler O’Neill assumed coverage on shares of Charter Financial Corp. in a report on Monday, April 17th. They set a “buy” rating and a $23.00 price objective for the company. BidaskClub cut shares of Charter Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. FIG Partners reissued a “market-perform” rating on shares of Charter Financial Corp. in a research note on Friday, June 2nd. Finally, ValuEngine raised shares of Charter Financial Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $18.50.
In other news, President Lee Washam sold 5,147 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $18.13, for a total transaction of $93,315.11. Following the sale, the president now directly owns 148,154 shares of the company’s stock, valued at $2,686,032.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 14,273 shares of company stock worth $258,689 over the last three months. 10.40% of the stock is owned by insiders.
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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