Charter Financial Corp. (CHFN) Insider Lee Washam Sells 17,400 Shares

Charter Financial Corp. (NASDAQ:CHFN) insider Lee Washam sold 17,400 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $18.78, for a total transaction of $326,772.00. Following the transaction, the insider now directly owns 137,928 shares of the company’s stock, valued at approximately $2,590,287.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Lee Washam also recently made the following trade(s):

  • On Thursday, November 30th, Lee Washam sold 8,000 shares of Charter Financial stock. The shares were sold at an average price of $19.00, for a total transaction of $152,000.00.

Shares of Charter Financial Corp. (NASDAQ:CHFN) opened at $18.79 on Tuesday. The stock has a market cap of $278.89, a P/E ratio of 19.42 and a beta of 0.42. Charter Financial Corp. has a 1 year low of $13.45 and a 1 year high of $21.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Investors of record on Friday, November 10th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, November 9th. This is an increase from Charter Financial’s previous quarterly dividend of $0.07. Charter Financial’s dividend payout ratio is 31.58%.

A number of research analysts have recently commented on CHFN shares. ValuEngine downgraded shares of Charter Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. BidaskClub downgraded shares of Charter Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

A number of institutional investors and hedge funds have recently bought and sold shares of CHFN. TIAA CREF Investment Management LLC increased its position in Charter Financial by 6.2% during the 1st quarter. TIAA CREF Investment Management LLC now owns 56,536 shares of the bank’s stock worth $1,112,000 after purchasing an additional 3,276 shares in the last quarter. Vanguard Group Inc. increased its position in Charter Financial by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 589,513 shares of the bank’s stock worth $11,596,000 after purchasing an additional 20,609 shares in the last quarter. Geode Capital Management LLC increased its position in Charter Financial by 35.6% during the 1st quarter. Geode Capital Management LLC now owns 125,138 shares of the bank’s stock worth $2,461,000 after purchasing an additional 32,869 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Charter Financial by 12.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 313,345 shares of the bank’s stock worth $6,163,000 after purchasing an additional 34,939 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Charter Financial by 209.8% during the 1st quarter. Bank of America Corp DE now owns 26,209 shares of the bank’s stock worth $515,000 after purchasing an additional 17,748 shares in the last quarter. 65.25% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and international copyright legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/05/charter-financial-corp-chfn-insider-lee-washam-sells-17400-shares.html.

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.

Receive News & Ratings for Charter Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply