Today, Keefe, Bruyette & Woods lowers the Stock rating of Charter Financial Corp. (CHFN)

Today, Keefe, Bruyette & Woods lowers the Stock rating of Charter Financial Corp. (CHFN)

Charter Financial Corp. (NASDAQ:CHFN) was downgraded by equities researchers at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued on Monday. They currently have a $14.00 target price on the stock, down from their prior target price of $15.00. Keefe, Bruyette & Woods’ price target indicates a potential downside of 3.25% from the company’s current price.

Charter Financial Corp. (NASDAQ:CHFN) opened at 14.47 on Monday. Charter Financial Corp. has a 1-year low of $12.34 and a 1-year high of $14.70. The stock has a market capitalization of $205.26 million, a P/E ratio of 18.32 and a beta of 0.21. The firm’s 50 day moving average is $13.22 and its 200 day moving average is $13.14.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Thursday, November 10th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This is an increase from Charter Financial Corp.’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.52%. Charter Financial Corp.’s payout ratio is 27.85%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC increased its position in shares of Charter Financial Corp. by 48.1% in the second quarter. O Shaughnessy Asset Management LLC now owns 40,882 shares of the company’s stock worth $543,000 after buying an additional 13,281 shares during the period. BlackRock Investment Management LLC increased its position in shares of Charter Financial Corp. by 1.2% in the second quarter. BlackRock Investment Management LLC now owns 64,233 shares of the company’s stock worth $853,000 after buying an additional 739 shares during the period. Vanguard Group Inc. increased its position in shares of Charter Financial Corp. by 0.7% in the second quarter. Vanguard Group Inc. now owns 570,920 shares of the company’s stock worth $7,582,000 after buying an additional 4,145 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Charter Financial Corp. by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 243,770 shares of the company’s stock worth $3,237,000 after buying an additional 38,069 shares during the period. Finally, Pax World Management LLC bought a new position in shares of Charter Financial Corp. during the second quarter worth about $3,354,000. Institutional investors own 62.48% of the company’s stock.

Charter Financial Corp. Company Profile

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