Charter Financial Corp. (NASDAQ:CHFN) insider Lee Washam sold 8,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $19.00, for a total transaction of $152,000.00. Following the completion of the transaction, the insider now owns 137,928 shares of the company’s stock, valued at approximately $2,620,632. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Lee Washam also recently made the following trade(s):
- On Monday, December 4th, Lee Washam sold 17,400 shares of Charter Financial stock. The stock was sold at an average price of $18.78, for a total transaction of $326,772.00.
Charter Financial Corp. (NASDAQ CHFN) traded up $0.40 during midday trading on Friday, reaching $18.31. 73,199 shares of the company traded hands, compared to its average volume of 44,532. Charter Financial Corp. has a 52-week low of $15.56 and a 52-week high of $21.10. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $282.89, a PE ratio of 18.85 and a beta of 0.39.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th were issued a $0.075 dividend. The ex-dividend date was Thursday, November 9th. This is a boost from Charter Financial’s previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 1.64%. Charter Financial’s dividend payout ratio (DPR) is 31.58%.
CHFN has been the subject of several analyst reports. ValuEngine cut shares of Charter Financial from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. BidaskClub raised shares of Charter Financial from a “hold” rating to a “buy” rating in a report on Thursday, December 7th.
Institutional investors have recently modified their holdings of the business. Strs Ohio increased its holdings in Charter Financial by 5.9% in the second quarter. Strs Ohio now owns 10,800 shares of the bank’s stock valued at $194,000 after buying an additional 600 shares in the last quarter. Trexquant Investment LP purchased a new position in Charter Financial in the second quarter valued at about $194,000. Cigna Investments Inc. New purchased a new position in Charter Financial in the second quarter valued at about $203,000. Raymond James Financial Services Advisors Inc. increased its holdings in Charter Financial by 2.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,962 shares of the bank’s stock valued at $269,000 after buying an additional 335 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in Charter Financial in the third quarter valued at about $294,000. 65.25% of the stock is owned by institutional investors.
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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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