Charter Financial Corp (CHFN) Shares Bought by Mackenzie Financial Corp
Mackenzie Financial Corp boosted its stake in shares of Charter Financial Corp (NASDAQ:CHFN) by 42.4% during the 4th quarter, Holdings Channel reports. The firm owned 20,308 shares of the bank’s stock after acquiring an additional 6,051 shares during the quarter. Mackenzie Financial Corp’s holdings in Charter Financial were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Charter Financial by 3.5% during the 2nd quarter. Vanguard Group Inc. now owns 609,860 shares of the bank’s stock worth $10,977,000 after purchasing an additional 20,347 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Charter Financial by 12.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 410,047 shares of the bank’s stock valued at $7,598,000 after acquiring an additional 44,598 shares during the period. State Street Corp lifted its stake in Charter Financial by 3.9% during the 2nd quarter. State Street Corp now owns 325,258 shares of the bank’s stock valued at $5,856,000 after acquiring an additional 12,216 shares during the period. Mutual of America Capital Management LLC lifted its stake in Charter Financial by 10.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 277,728 shares of the bank’s stock valued at $4,871,000 after acquiring an additional 25,911 shares during the period. Finally, Deprince Race & Zollo Inc. lifted its stake in Charter Financial by 108.8% during the 4th quarter. Deprince Race & Zollo Inc. now owns 229,006 shares of the bank’s stock valued at $4,017,000 after acquiring an additional 119,308 shares during the period. 66.15% of the stock is currently owned by institutional investors.
Shares of Charter Financial Corp (CHFN) opened at $21.00 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 0.98. Charter Financial Corp has a 12 month low of $15.81 and a 12 month high of $21.10. The company has a market cap of $317.77, a P/E ratio of 24.42 and a beta of 0.41.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.52%. This is a boost from Charter Financial’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, February 12th. Charter Financial’s payout ratio is presently 35.17%.
CHFN has been the subject of several research reports. ValuEngine cut shares of Charter Financial from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. BidaskClub upgraded shares of Charter Financial from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th.
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Charter Financial 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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