Kennedy Capital Management Inc. boosted its position in Charter Financial Corp (NASDAQ:CHFN) by 425.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,490 shares of the bank’s stock after purchasing an additional 121,838 shares during the period. Kennedy Capital Management Inc. owned 0.99% of Charter Financial worth $2,640,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Charter Financial in the 4th quarter worth about $166,000. American Century Companies Inc. acquired a new position in Charter Financial in the 3rd quarter worth about $294,000. Jacobs Asset Management LLC acquired a new position in Charter Financial in the 3rd quarter worth about $304,000. Ameriprise Financial Inc. acquired a new position in Charter Financial in the 2nd quarter worth about $307,000. Finally, Yorktown Management & Research Co Inc acquired a new position in Charter Financial in the 3rd quarter worth about $345,000. 66.15% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on CHFN. BidaskClub raised Charter Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, March 9th. ValuEngine lowered Charter Financial from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th.
Charter Financial (NASDAQ:CHFN) last released its quarterly earnings results on Friday, January 26th. The bank reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Charter Financial had a return on equity of 6.12% and a net margin of 17.69%. The firm had revenue of $19.70 million for the quarter, compared to analyst estimates of $18.17 million.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Monday, February 12th. This is a positive change from Charter Financial’s previous quarterly dividend of $0.08. Charter Financial’s payout ratio is 35.17%.
Charter Financial 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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