Charter Financial (CHFN) Hits New 52-Week High and Low at $21.99

Charter Financial Corp. (NASDAQ:CHFN)’s share price reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $21.99 and last traded at $21.95, with a volume of 11125 shares trading hands. The stock had previously closed at $21.64.

Several equities analysts have issued reports on the company. BidaskClub upgraded Charter Financial from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. Sandler O’Neill reiterated a “buy” rating and issued a $23.00 target price on shares of Charter Financial in a research note on Wednesday, March 28th.

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The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $327.46, a PE ratio of 22.63 and a beta of 0.38.

Charter Financial (NASDAQ:CHFN) last issued its quarterly earnings results on Friday, January 26th. The bank reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $19.70 million during the quarter, compared to the consensus estimate of $18.17 million. Charter Financial had a return on equity of 6.12% and a net margin of 17.69%.

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in Charter Financial by 92.3% in the fourth quarter. American Century Companies Inc. now owns 30,472 shares of the bank’s stock worth $534,000 after acquiring an additional 14,623 shares in the last quarter. Sapphire Star Partners LP acquired a new stake in Charter Financial in the fourth quarter worth about $510,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Charter Financial by 46.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 21,881 shares of the bank’s stock worth $405,000 after acquiring an additional 6,919 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Charter Financial in the fourth quarter worth about $166,000. Finally, Context BH Capital Management LP boosted its holdings in Charter Financial by 15.8% in the fourth quarter. Context BH Capital Management LP now owns 190,602 shares of the bank’s stock worth $3,343,000 after acquiring an additional 26,027 shares in the last quarter. 66.15% of the stock is owned by institutional investors and hedge funds.

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About Charter Financial

Charter Financial Corporation operates as the holding company for CharterBank, a federally-chartered savings bank that provides various banking products and services to individuals and businesses in the United States. The company's deposit products include checking, money market, regular savings, and term certificate accounts, as well as noninterest-bearing demand deposits.

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