Charter Financial Corp. to Post Q4 2017 Earnings of $0.22 Per Share, FIG Partners Forecasts (NASDAQ:CHFN)
Charter Financial Corp. (NASDAQ:CHFN) – Research analysts at FIG Partners decreased their Q4 2017 earnings per share (EPS) estimates for Charter Financial Corp. in a research report issued on Wednesday. FIG Partners analyst C. Marinac now forecasts that the bank will post earnings per share of $0.22 for the quarter, down from their previous forecast of $0.23. FIG Partners currently has a “Market-Perform” rating on the stock. FIG Partners also issued estimates for Charter Financial Corp.’s Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.27 EPS and Q1 2019 earnings at $0.33 EPS.
A number of other analysts also recently weighed in on CHFN. BidaskClub downgraded Charter Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine upgraded Charter Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, Sandler O’Neill began coverage on Charter Financial Corp. in a research report on Monday, April 17th. They set a “buy” rating and a $23.00 target price for the company. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.50.
Charter Financial Corp. (CHFN) traded down 0.005% on Thursday, reaching $18.909. The company’s stock had a trading volume of 7,535 shares. The company has a 50-day moving average price of $18.04 and a 200 day moving average price of $18.41. The company has a market cap of $270.81 million, a P/E ratio of 20.963 and a beta of 0.41. Charter Financial Corp. has a 12 month low of $12.51 and a 12 month high of $21.11.
Charter Financial Corp. (NASDAQ:CHFN) last issued its earnings results on Tuesday, July 25th. The bank reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $16.63 million during the quarter, compared to analyst estimates of $16.74 million. Charter Financial Corp. had a return on equity of 7.63% and a net margin of 21.28%.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Charter Financial Corp. by 3.6% in the first quarter. Vanguard Group Inc. now owns 589,513 shares of the bank’s stock worth $11,596,000 after buying an additional 20,609 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Charter Financial Corp. by 6.3% in the second quarter. Acadian Asset Management LLC now owns 500,975 shares of the bank’s stock worth $9,018,000 after buying an additional 29,472 shares during the last quarter. State Street Corp boosted its position in shares of Charter Financial Corp. by 6.3% in the fourth quarter. State Street Corp now owns 314,321 shares of the bank’s stock worth $5,239,000 after buying an additional 18,626 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Charter Financial Corp. by 12.5% in the first quarter. Dimensional Fund Advisors LP now owns 313,345 shares of the bank’s stock worth $6,163,000 after buying an additional 34,939 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of Charter Financial Corp. by 0.5% in the first quarter. Mutual of America Capital Management LLC now owns 242,257 shares of the bank’s stock worth $4,765,000 after buying an additional 1,173 shares during the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.
In other news, President Lee Washam sold 2,980 shares of the business’s stock in a transaction on Friday, June 16th. The stock was sold at an average price of $18.03, for a total transaction of $53,729.40. Following the completion of the transaction, the president now owns 141,928 shares of the company’s stock, valued at approximately $2,558,961.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 14,273 shares of company stock valued at $258,689 in the last three months. 11.80% of the stock is owned by insiders.
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 issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.48%. This is a boost from Charter Financial Corp.’s previous quarterly dividend of $0.07. Charter Financial Corp.’s payout ratio is 25.00%.
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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