Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Charter Financial Corp. (CHFN) Share Price
News stories about Charter Financial Corp. (NASDAQ:CHFN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Charter Financial Corp. earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.9875797013909 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities analysts have commented on CHFN shares. ValuEngine raised Charter Financial Corp. from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Sandler O’Neill started coverage on Charter Financial Corp. in a research note on Monday, April 17th. They issued a “buy” rating and a $23.00 price objective on the stock. BidaskClub lowered Charter Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, FIG Partners reissued a “market-perform” rating on shares of Charter Financial Corp. in a research note on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.50.
Charter Financial Corp. (NASDAQ CHFN) opened at 17.28 on Tuesday. The firm has a 50-day moving average price of $18.06 and a 200-day moving average price of $18.46. Charter Financial Corp. has a 1-year low of $12.51 and a 1-year high of $21.10. The firm has a market cap of $248.02 million, a price-to-earnings ratio of 16.58 and a beta of 0.41.
Charter Financial Corp. (NASDAQ:CHFN) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Charter Financial Corp. had a return on equity of 7.63% and a net margin of 21.28%. The company had revenue of $16.63 million for the quarter, compared to analyst estimates of $16.74 million. On average, analysts expect that Charter Financial Corp. will post $1.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Thursday, August 10th will be paid a $0.07 dividend. This is a positive change from Charter Financial Corp.’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, August 8th. This represents a $0.28 annualized dividend and a dividend yield of 1.62%. Charter Financial Corp.’s dividend payout ratio (DPR) is presently 25.00%.
In other news, President Lee Washam sold 5,147 shares of Charter Financial Corp. stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $18.13, for a total value of $93,315.11. Following the transaction, the president now owns 148,154 shares in the company, valued at approximately $2,686,032.02. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 14,273 shares of company stock worth $258,689. Corporate insiders own 10.40% of the company’s stock.
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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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