Ameriprise Financial Inc. bought a new position in Charter Financial Corp. (NASDAQ:CHFN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,090 shares of the bank’s stock, valued at approximately $307,000. Ameriprise Financial Inc. owned 0.12% of Charter Financial Corp. at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Charter Financial Corp. by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 589,513 shares of the bank’s stock worth $11,596,000 after purchasing an additional 20,609 shares during the period. Acadian Asset Management LLC boosted its stake in Charter Financial Corp. by 6.3% in the 2nd quarter. Acadian Asset Management LLC now owns 500,975 shares of the bank’s stock worth $9,018,000 after purchasing an additional 29,472 shares during the period. Dimensional Fund Advisors LP boosted its stake in Charter Financial Corp. by 12.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 313,345 shares of the bank’s stock worth $6,163,000 after purchasing an additional 34,939 shares during the period. Seizert Capital Partners LLC boosted its stake in Charter Financial Corp. by 1.4% in the 2nd quarter. Seizert Capital Partners LLC now owns 268,593 shares of the bank’s stock worth $4,835,000 after purchasing an additional 3,809 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Charter Financial Corp. by 11.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 177,887 shares of the bank’s stock worth $3,202,000 after purchasing an additional 18,682 shares during the period. 65.51% of the stock is owned by hedge funds and other institutional investors.
Shares of Charter Financial Corp. (CHFN) opened at $17.15 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.97 and a current ratio of 0.97. Charter Financial Corp. has a 52-week low of $13.45 and a 52-week high of $21.10. The company has a market cap of $257.27, a PE ratio of 17.92 and a beta of 0.44.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, November 9th. This is a boost from Charter Financial Corp.’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 1.75%. Charter Financial Corp.’s payout ratio is 31.58%.
Separately, BidaskClub lowered shares of Charter Financial Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th.
Charter Financial Corp. 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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