Charter Financial Corp (Maryland) (CHFN) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its position in Charter Financial Corp (Maryland) (NASDAQ:CHFN) by 17.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 26,841 shares of the bank’s stock after acquiring an additional 3,982 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Charter Financial Corp (Maryland) were worth $649,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHFN. Dupont Capital Management Corp bought a new position in Charter Financial Corp (Maryland) in the second quarter worth approximately $2,048,000. Dimensional Fund Advisors LP grew its stake in Charter Financial Corp (Maryland) by 9.0% in the first quarter. Dimensional Fund Advisors LP now owns 483,392 shares of the bank’s stock worth $9,856,000 after purchasing an additional 40,098 shares in the last quarter. Strs Ohio grew its stake in Charter Financial Corp (Maryland) by 175.9% in the second quarter. Strs Ohio now owns 29,800 shares of the bank’s stock worth $719,000 after purchasing an additional 19,000 shares in the last quarter. Virtu Financial LLC purchased a new stake in Charter Financial Corp (Maryland) during the second quarter worth $233,000. Finally, Creative Planning purchased a new stake in Charter Financial Corp (Maryland) during the second quarter worth $220,000. 66.60% of the stock is currently owned by institutional investors.

In other Charter Financial Corp (Maryland) news, President Lee Washam sold 27,762 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $24.61, for a total transaction of $683,222.82. Following the completion of the sale, the president now owns 117,597 shares in the company, valued at $2,894,062.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 12.10% of the stock is owned by corporate insiders.

Charter Financial Corp (Maryland) stock opened at $24.91 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.28. The firm has a market cap of $380.19 million, a price-to-earnings ratio of 26.22 and a beta of 0.30. Charter Financial Corp has a twelve month low of $15.92 and a twelve month high of $26.01.

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

A number of analysts have weighed in on the company. ValuEngine lowered Charter Financial Corp (Maryland) from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. BidaskClub upgraded Charter Financial Corp (Maryland) from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 23rd.

Charter Financial Corp (Maryland) 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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