Russell Investments Group Ltd. bought a new stake in shares of Charter Financial Corp (NASDAQ:CHFN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 153,491 shares of the company’s stock, valued at approximately $2,549,000. Russell Investments Group Ltd. owned about 1.07% of Charter Financial Corp at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Private Capital Management LLC increased its stake in shares of Charter Financial Corp by 4.7% in the third quarter. Private Capital Management LLC now owns 1,053,480 shares of the company’s stock valued at $13,569,000 after buying an additional 46,982 shares during the period. Context BH Capital Management LP increased its stake in shares of Charter Financial Corp by 32.3% in the third quarter. Context BH Capital Management LP now owns 116,754 shares of the company’s stock valued at $1,504,000 after buying an additional 28,487 shares during the period. Globeflex Capital L P increased its stake in shares of Charter Financial Corp by 0.4% in the third quarter. Globeflex Capital L P now owns 38,215 shares of the company’s stock valued at $492,000 after buying an additional 142 shares during the period. Pax World Management LLC increased its stake in shares of Charter Financial Corp by 59.2% in the third quarter. Pax World Management LLC now owns 401,997 shares of the company’s stock valued at $5,178,000 after buying an additional 149,407 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Charter Financial Corp by 2.0% in the third quarter. JPMorgan Chase & Co. now owns 626,875 shares of the company’s stock valued at $8,074,000 after buying an additional 12,575 shares during the period. 63.54% of the stock is currently owned by institutional investors.

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

Shares of Charter Financial Corp (NASDAQ:CHFN) opened at 18.80 on Tuesday. Charter Financial Corp has a 52 week low of $12.35 and a 52 week high of $20.10. The company’s 50-day moving average price is $18.45 and its 200 day moving average price is $15.31. The company has a market cap of $267.09 million, a P/E ratio of 23.01 and a beta of 0.30.

Charter Financial Corp (NASDAQ:CHFN) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. Charter Financial Corp had a return on equity of 6.10% and a net margin of 17.48%. Equities research analysts anticipate that Charter Financial Corp will post $1.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, February 10th were given a dividend of $0.06 per share. This is a positive change from Charter Financial Corp’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Wednesday, February 8th. Charter Financial Corp’s dividend payout ratio (DPR) is currently 29.27%.

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About Charter Financial Corp

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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