Charter Financial (CHFN) Hits New 1-Year High and Low at $22.85

Charter Financial Corp. (NASDAQ:CHFN)’s share price hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $22.85 and last traded at $22.57, with a volume of 55274 shares traded. The stock had previously closed at $22.44.

A number of brokerages recently issued reports on CHFN. BidaskClub cut Charter Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Sandler O’Neill reiterated a “buy” rating and issued a $23.00 target price on shares of Charter Financial in a report on Wednesday, March 28th.

The stock has a market cap of $327.61, a P/E ratio of 25.17 and a beta of 0.38. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.98 and a quick ratio of 0.98.

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. The business had revenue of $19.70 million during the quarter, compared to analyst estimates 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 added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. raised its position in Charter Financial by 3,041.2% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,319 shares of the bank’s stock valued at $128,000 after buying an additional 7,086 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Charter Financial in the 4th quarter valued at $166,000. AXA purchased a new stake in Charter Financial in the 4th quarter valued at $247,000. Mackenzie Financial Corp raised its position in Charter Financial by 42.4% in the 4th quarter. Mackenzie Financial Corp now owns 20,308 shares of the bank’s stock valued at $356,000 after buying an additional 6,051 shares during the last quarter. Finally, Sapphire Star Partners LP purchased a new stake in Charter Financial in the 4th quarter valued at $510,000. 66.15% of the stock is owned by institutional investors and hedge funds.

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Charter Financial Company Profile

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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