Context BH Capital Management LP Has $3.05 Million Holdings in Charter Financial Corp. (CHFN)
Context BH Capital Management LP boosted its stake in shares of Charter Financial Corp. (NASDAQ:CHFN) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,575 shares of the bank’s stock after acquiring an additional 3,975 shares during the quarter. Charter Financial Corp. comprises about 1.0% of Context BH Capital Management LP’s investment portfolio, making the stock its 28th biggest position. Context BH Capital Management LP owned 1.09% of Charter Financial Corp. worth $3,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Renaissance Technologies LLC increased its stake in Charter Financial Corp. by 6.7% during the second quarter. Renaissance Technologies LLC now owns 934,982 shares of the bank’s stock worth $16,830,000 after acquiring an additional 58,600 shares during the last quarter. Vanguard Group Inc. increased its stake in Charter Financial Corp. by 3.5% during the second quarter. Vanguard Group Inc. now owns 609,860 shares of the bank’s stock worth $10,977,000 after acquiring an additional 20,347 shares during the last quarter. Acadian Asset Management LLC increased its stake in Charter Financial Corp. by 6.3% during the second quarter. Acadian Asset Management LLC now owns 500,975 shares of the bank’s stock worth $9,018,000 after acquiring an additional 29,472 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Charter Financial Corp. by 16.6% during the second quarter. Dimensional Fund Advisors LP now owns 365,449 shares of the bank’s stock worth $6,578,000 after acquiring an additional 52,104 shares during the last quarter. Finally, State Street Corp increased its stake in Charter Financial Corp. by 3.9% during the second quarter. State Street Corp now owns 325,258 shares of the bank’s stock worth $5,856,000 after acquiring an additional 12,216 shares during the last quarter. 65.51% of the stock is currently owned by institutional investors.
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Shares of Charter Financial Corp. (NASDAQ CHFN) traded down $0.75 during midday trading on Monday, reaching $16.91. The company’s stock had a trading volume of 107,200 shares, compared to its average volume of 44,517. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.27. Charter Financial Corp. has a 52 week low of $13.45 and a 52 week high of $21.10. The company has a market capitalization of $255.61, a PE ratio of 17.80 and a beta of 0.44.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 21st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.075 per share. This is a boost from Charter Financial Corp.’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, November 9th. Charter Financial Corp.’s payout ratio is presently 31.58%.
Separately, BidaskClub cut Charter Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
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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