Metropolitan Life Insurance Co. NY held its position in shares of Charter Financial Corp. (NASDAQ:CHFN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,491 shares of the bank’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned about 0.07% of Charter Financial Corp. worth $206,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. American International Group Inc. increased its position in shares of Charter Financial Corp. by 6.8% in the first quarter. American International Group Inc. now owns 8,359 shares of the bank’s stock valued at $164,000 after buying an additional 529 shares in the last quarter. Sei Investments Co. increased its position in shares of Charter Financial Corp. by 6.6% in the first quarter. Sei Investments Co. now owns 9,960 shares of the bank’s stock valued at $196,000 after buying an additional 615 shares in the last quarter. Strs Ohio increased its position in shares of Charter Financial Corp. by 308.0% in the first quarter. Strs Ohio now owns 10,200 shares of the bank’s stock valued at $200,000 after buying an additional 7,700 shares in the last quarter. Eagle Global Advisors LLC purchased a new position in shares of Charter Financial Corp. during the first quarter valued at $284,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Charter Financial Corp. by 15.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 14,627 shares of the bank’s stock valued at $288,000 after buying an additional 2,005 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Charter Financial Corp. (NASDAQ CHFN) traded up 0.92% during trading on Thursday, reaching $16.39. 6,754 shares of the company’s stock traded hands. The company has a 50 day moving average price of $17.50 and a 200-day moving average price of $18.41. Charter Financial Corp. has a one year low of $12.51 and a one year high of $21.10. The stock has a market cap of $235.25 million, a P/E ratio of 15.73 and a beta of 0.41.

Charter Financial Corp. (NASDAQ:CHFN) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Charter Financial Corp. had a return on equity of 7.57% and a net margin of 21.28%. The firm had revenue of $16.63 million for the quarter, compared to analyst estimates of $16.74 million. On average, equities research analysts expect that Charter Financial Corp. will post $1.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Tuesday, August 8th. This is a positive change from Charter Financial Corp.’s previous quarterly dividend of $0.07. Charter Financial Corp.’s dividend payout ratio is currently 26.92%.

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Several brokerages have weighed in on CHFN. BidaskClub downgraded shares of Charter Financial Corp. from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine raised shares of Charter Financial Corp. from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of Charter Financial Corp. in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.50.

In related news, President Lee Washam sold 5,147 shares of the company’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 transaction, the president now owns 148,154 shares of the company’s stock, valued at $2,686,032.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 14,273 shares of company stock worth $258,689 in the last ninety days. 11.80% of the stock is currently owned by corporate insiders.

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.

Institutional Ownership by Quarter for Charter Financial Corp. (NASDAQ:CHFN)

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