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GlobeNewswire (Jan 30, 2014)
GlobeNewswire (Jan 28, 2014)
GlobeNewswire (Dec 19, 2013)
GlobeNewswire (Nov 8, 2013)
CHFN vs. ETF Alternatives
Charter Financial Corp serves as the holding company for CharterBank, which consists of attracting retail deposits from the general public and investing those deposits, together with funds generated from operations.
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Tuesday, Oct 292013, 12:52 PM
Wednesday, Sep 252013, 12:21 PM
Wednesday, Sep 252013, 12:21 PM| Comment!
- Mutual bank conversion fans may want to have a look at unfollowed Charter Financial (CHFN +1.2%), writes David Englander in Barron's. The stock became 100% public in early April at $10 per share and trades at $10.83 as of this writing - a 13.2% discount to last reported tangible book value.
- As with all mutual bank conversions, Charter cannot buy back stock for a year after the offering, but a tangible common equity ratio of 25% suggests ample room to scoop up shares. In the meantime, the stock yields 1.9%.
- What about maybe blowing capital on acquisitions? Noting his stock's discount to book, the CEO promises to "be very selective."
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