Charter Financial Corporation (CHFN) Just Reaches 52-Week High?

May 17, 2018 - By Bernice Betts

Charter Financial Corporation (NASDAQ:CHFN) Logo

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.31, from 1.36 in 2017Q3. It fall, as 10 investors sold Charter Financial Corporation shares while 28 reduced holdings. 11 funds opened positions while 29 raised stakes. 9.70 million shares or 1.02% more from 9.60 million shares in 2017Q3 were reported.
Wells Fargo Mn reported 60,191 shares. Barclays Public Ltd Llc has 2,325 shares for 0% of their portfolio. Bridgeway Cap Mgmt reported 30,000 shares. Parallax Volatility Advisers L P has invested 0% in Charter Financial Corporation (NASDAQ:CHFN). Parametric Associate Limited Com reported 64,888 shares. Millennium Mgmt Llc reported 0% in Charter Financial Corporation (NASDAQ:CHFN). California State Teachers Retirement invested in 0% or 19,392 shares. Meeder Asset reported 0% in Charter Financial Corporation (NASDAQ:CHFN). Moreover, Comml Bank Of Mellon Corp has 0% invested in Charter Financial Corporation (NASDAQ:CHFN). Assetmark Inc holds 0% or 21 shares. The Florida-based Deprince Race Zollo has invested 0.09% in Charter Financial Corporation (NASDAQ:CHFN). Geode Cap Mgmt Ltd Limited Liability Company owns 129,393 shares or 0% of their US portfolio. Morgan Stanley invested in 81,536 shares. Deutsche Fincl Bank Ag, a Germany-based fund reported 70,884 shares. Dimensional Fund Advisors Lp has invested 0% in Charter Financial Corporation (NASDAQ:CHFN).

The stock of Charter Financial Corporation (NASDAQ:CHFN) hit a new 52-week high and has $27.27 target or 8.00 % above today’s $25.25 share price. The 6 months bullish chart indicates low risk for the $367.60M company. The 1-year high was reported on May, 17 by Barchart.com. If the $27.27 price target is reached, the company will be worth $29.41M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.84% or $0.21 during the last trading session, reaching $25.25. About 8,914 shares traded. Charter Financial Corporation (NASDAQ:CHFN) has risen 6.01% since May 17, 2017 and is uptrending. It has underperformed by 5.54% the S&P500.

Analysts await Charter Financial Corporation (NASDAQ:CHFN) to report earnings on July, 24. They expect $0.34 EPS, up 47.83 % or $0.11 from last year’s $0.23 per share. CHFN’s profit will be $4.95 million for 18.57 P/E if the $0.34 EPS becomes a reality. After $0.34 actual EPS reported by Charter Financial Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More recent Charter Financial Corporation (NASDAQ:CHFN) news were published by: Nasdaq.com which released: “Charter Financial Announces Second Quarter Fiscal 2018 Earnings of $5.2 Million” on April 24, 2018. Also Prnewswire.com published the news titled: “WEISSLAW LLP Investigates Charter Financial Corp. Acquisition” on April 25, 2018. Globenewswire.com‘s news article titled: “Charter Financial Declares Increased Quarterly Cash Dividend” with publication date: April 24, 2018 was also an interesting one.

Charter Financial Corporation operates as the holding firm for CharterBank, a federally-chartered savings bank that provides various banking services and products to individuals and businesses in the United States. The company has market cap of $367.60 million. The company's deposit products include checking, money market, regular savings, and term certificate accounts, as well as noninterest-bearing demand deposits. It has a 27.72 P/E ratio. It also offers commercial real estate loans, one- to four-family residential mortgage loans, construction loans, and investment securities; and commercial business loans, home equity loans, and lines of credit, as well as other consumer loans, including loans on deposits, automobile loans, mobile home loans, and various other installment loans.

Charter Financial Corporation (NASDAQ:CHFN) Institutional Positions Chart

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