Charter Financial Corp (CHFN) Raises Dividend to $0.07 Per Share

BlackRock Inc. now owns 92,466,983 shares of the bank's stock worth $1,343,545,000 after buying an additional 89,604,919 shares in the last quarter. Lbmc Investment Advisors LLC's holdings in Regions Financial Corp were worth $462,000 at the end of the most recent reporting period. Norges Bank bought a new position in shares of Regions Financial Corp during the fourth quarter worth about $136,750,000. Jupiter Asset Management Ltd. raised its position in State Bank Financial Corp by 0.5% in the first quarter. TIAA CREF Investment Management LLC raised its stake in shares of Charter Financial Corp by 6.2% in the first quarter. Bank of America Corp DE raised its stake in shares of Charter Financial Corp by 209.8% in the first quarter. Two Sigma Advisers LP now owns 2,986,289 shares of the bank's stock worth $29,475,000 after buying an additional 19,644 shares in the last quarter.

Basswood Capital Management L.L.C. holds 9.28% of its portfolio in Regions Financial Corp for 14.70 million shares.

Tower Rech Cap Limited Liability (Trc) has 0.01% invested in Charter Financial Corp (NASDAQ:CHFN) for 5,908 shares. Reservoir Operations L.P. owns 400,000 shares or 17.69% of their United States portfolio.

Regions Financial Corp (NYSE:RF) after opening the company's stock at the price of $14.32, its shares traded on 0.07% above secure line. Carolina Financial Corp has a 52 week low of $16.50 and a 52 week high of $31.50.

Regions Financial Corporation has a 50 day moving average of 14.05 and a 200 day moving average of 14.26.

Charter Financial Corp (NASDAQ:CHFN) last announced its quarterly earnings results on Thursday, April 27th.

Last time, the company shocked Wall Street by reporting EPS of $0.23, smashing the consensus of $0.22 per share.

Crestview Partners Ii Gp L.P. holds 29.83% of its portfolio in Capital Bank Financial Corp for 2.58 million shares. The business had revenue of $48.54 million during the quarter, compared to the consensus estimate of $27.70 million. The business's revenue for the quarter was up.1% compared to the same quarter previous year. Equities research analysts predict that Charter Financial Corp will post $1.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, May 5th will be paid a dividend of $0.175 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, June 13th. Carolina Financial Corp's payout ratio is now 11.35%.

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A large surprise factor in either direction typically can lead to a significant swing in the stock price in the hours and days after the report.

Charter Financial Corporation is a savings and loan holding company for CharterBank (the Bank). Jefferies Group LLC reissued a "hold" rating and issued a $16.00 price objective on shares of Regions Financial Corp in a research report on Monday, May 15th.

Separately, Keefe, Bruyette & Woods reiterated a buy rating and issued a $33.00 price target on shares of Carolina Financial Corp in a research note on Wednesday, April 5th. Consequently Regions Financial Corp (NYSE:RF)'s weekly and monthly volatility is 2.15%, 2.11% respectively. Below is a list of Charter Financial Corp (NASDAQ:CHFN) latest ratings and price target changes. They now have a Dollars 14 price target on the stock. Institutional investors and hedge funds own 63.54% of the company's stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares were sold at an average price of $13.82, for a total value of $542,545.56. GLG LLC now owns 77,003 shares of the bank's stock worth $1,106,000 after buying an additional 4,895 shares in the last quarter. The disclosure for this sale can be found here. Cornerstone Capital Ltd owns 4,950 shares or 0% of their USA portfolio.

04/19/2017 - Regions Financial Corporation was downgraded to "in-line" by analysts at Evercore ISI.

  • Zachary Reyes