Wolverine Asset Management LLC Invests $234,000 in Charter Financial Corp (Maryland) (CHFN) Stock

Wolverine Asset Management LLC acquired a new position in Charter Financial Corp (Maryland) (NASDAQ:CHFN) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,697 shares of the bank’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Federated Investors Inc. PA boosted its holdings in Charter Financial Corp (Maryland) by 8.7% in the 1st quarter. Federated Investors Inc. PA now owns 156,075 shares of the bank’s stock worth $3,182,000 after buying an additional 12,467 shares during the period. Engineers Gate Manager LP bought a new position in Charter Financial Corp (Maryland) in the 2nd quarter worth approximately $207,000. Yorktown Management & Research Co Inc boosted its holdings in Charter Financial Corp (Maryland) by 14.0% in the 2nd quarter. Yorktown Management & Research Co Inc now owns 21,209 shares of the bank’s stock worth $512,000 after buying an additional 2,609 shares during the period. Stevens Capital Management LP bought a new position in Charter Financial Corp (Maryland) in the 2nd quarter worth approximately $246,000. Finally, Sapphire Star Partners LP boosted its holdings in Charter Financial Corp (Maryland) by 7.4% in the 2nd quarter. Sapphire Star Partners LP now owns 31,936 shares of the bank’s stock worth $771,000 after buying an additional 2,205 shares during the period. 66.60% of the stock is owned by institutional investors.

NASDAQ CHFN opened at $24.91 on Monday. Charter Financial Corp has a 1 year low of $15.92 and a 1 year high of $26.01. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $380.19 million, a price-to-earnings ratio of 26.22 and a beta of 0.30.

Charter Financial Corp (Maryland) (NASDAQ:CHFN) last posted its earnings results on Thursday, July 26th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). Charter Financial Corp (Maryland) had a return on equity of 7.34% and a net margin of 19.70%. The firm had revenue of $19.99 million during the quarter, compared to analysts’ expectations of $19.01 million.

Several research firms recently commented on CHFN. BidaskClub raised shares of Charter Financial Corp (Maryland) from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 23rd. ValuEngine upgraded shares of Charter Financial Corp (Maryland) from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st.

In other Charter Financial Corp (Maryland) news, President Lee Washam sold 27,762 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $24.61, for a total value of $683,222.82. Following the sale, the president now directly owns 117,597 shares in the company, valued at approximately $2,894,062.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.10% of the company’s stock.

Charter Financial Corp (Maryland) 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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Institutional Ownership by Quarter for Charter Financial Corp (Maryland) (NASDAQ:CHFN)

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