Charter Financial Corp. (CHFN) Lowered to Sell at BidaskClub
Charter Financial Corp. (NASDAQ:CHFN) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday.
Other equities research analysts also recently issued research reports about the company. ValuEngine raised Charter Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 9th. FIG Partners reissued a “market-perform” rating on shares of Charter Financial Corp. in a report on Friday, June 2nd. Finally, Sandler O’Neill began coverage on Charter Financial Corp. in a report on Monday, April 17th. They issued a “buy” rating and a $23.00 price objective for the company. One 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’s stock. The stock presently has an average rating of “Hold” and an average price target of $18.50.
Charter Financial Corp. (NASDAQ:CHFN) traded down 0.17% on Thursday, hitting $17.21. 2,222 shares of the stock traded hands. Charter Financial Corp. has a 12-month low of $12.51 and a 12-month high of $21.11. The stock has a market capitalization of $247.02 million, a P/E ratio of 16.52 and a beta of 0.41. The company’s 50 day moving average price is $17.98 and its 200-day moving average price is $18.48.
Charter Financial Corp. (NASDAQ:CHFN) last posted its earnings results on Tuesday, July 25th. The bank reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $16.63 million during the quarter, compared to analysts’ expectations of $16.74 million. Analysts predict that Charter Financial Corp. will post $1.16 EPS for the current year.
In other Charter Financial Corp. news, President Lee Washam sold 5,147 shares of the firm’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $18.13, for a total transaction of $93,315.11. Following the completion of the sale, the president now owns 148,154 shares of the company’s stock, valued at approximately $2,686,032.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 14,273 shares of company stock valued at $258,689 in the last ninety days. Insiders own 11.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CHFN. Vanguard Group Inc. boosted its position in Charter Financial Corp. by 3.6% in the first quarter. Vanguard Group Inc. now owns 589,513 shares of the bank’s stock valued at $11,596,000 after buying an additional 20,609 shares during the last quarter. Acadian Asset Management LLC boosted its position in Charter Financial Corp. by 6.3% in the second quarter. Acadian Asset Management LLC now owns 500,975 shares of the bank’s stock valued at $9,018,000 after buying an additional 29,472 shares during the last quarter. State Street Corp boosted its position in Charter Financial Corp. by 6.3% in the fourth quarter. State Street Corp now owns 314,321 shares of the bank’s stock valued at $5,239,000 after buying an additional 18,626 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Charter Financial Corp. by 12.5% in the first quarter. Dimensional Fund Advisors LP now owns 313,345 shares of the bank’s stock valued at $6,163,000 after buying an additional 34,939 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its position in Charter Financial Corp. by 1.4% in the second quarter. Seizert Capital Partners LLC now owns 268,593 shares of the bank’s stock valued at $4,835,000 after buying an additional 3,809 shares during the last quarter. Hedge funds and other institutional investors own 64.72% of the company’s stock.
About Charter Financial Corp.
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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