Charter Financial Corp. (CHFN) Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P lifted its stake in Charter Financial Corp. (NASDAQ:CHFN) by 18.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,738 shares of the bank’s stock after acquiring an additional 17,803 shares during the quarter. Martingale Asset Management L P owned 0.79% of Charter Financial Corp. worth $2,048,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake in shares of Charter Financial Corp. by 44.7% in the second quarter. Alliancebernstein L.P. now owns 28,176 shares of the bank’s stock worth $507,000 after acquiring an additional 8,700 shares during the period. Seizert Capital Partners LLC grew its stake in shares of Charter Financial Corp. by 1.4% in the second quarter. Seizert Capital Partners LLC now owns 268,593 shares of the bank’s stock worth $4,835,000 after acquiring an additional 3,809 shares during the period. Chicago Equity Partners LLC grew its stake in shares of Charter Financial Corp. by 2.8% in the second quarter. Chicago Equity Partners LLC now owns 35,663 shares of the bank’s stock worth $642,000 after acquiring an additional 983 shares during the period. Federated Investors Inc. PA grew its stake in shares of Charter Financial Corp. by 161.4% in the second quarter. Federated Investors Inc. PA now owns 98,532 shares of the bank’s stock worth $1,774,000 after acquiring an additional 60,845 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of Charter Financial Corp. by 200.2% in the second quarter. First Trust Advisors LP now owns 34,916 shares of the bank’s stock worth $628,000 after acquiring an additional 23,287 shares during the period. Hedge funds and other institutional investors own 65.63% of the company’s stock.

Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Charter Financial Corp. from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. BidaskClub lowered shares of Charter Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, FIG Partners restated a “market-perform” rating on shares of Charter Financial Corp. in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Charter Financial Corp. has a consensus rating of “Hold” and a consensus price target of $18.50.

Shares of Charter Financial Corp. (NASDAQ:CHFN) opened at 17.37 on Wednesday. Charter Financial Corp. has a 12 month low of $12.51 and a 12 month high of $21.11. The company’s 50-day moving average is $16.72 and its 200 day moving average is $18.17. The company has a market capitalization of $249.31 million, a price-to-earnings ratio of 16.67 and a beta of 0.42.

Charter Financial Corp. (NASDAQ:CHFN) last issued its quarterly earnings results on Tuesday, July 25th. The bank reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Charter Financial Corp. had a net margin of 21.28% and a return on equity of 7.57%. The company had revenue of $16.63 million for the quarter, compared to the consensus estimate of $16.74 million. On average, equities research analysts anticipate that Charter Financial Corp. will post $1.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 24th. Investors of record on Thursday, August 10th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.61%. The ex-dividend date was Tuesday, August 8th. This is an increase from Charter Financial Corp.’s previous quarterly dividend of $0.07. Charter Financial Corp.’s dividend payout ratio is 26.92%.

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

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