BankFinancial Corporation (NASDAQ:BFIN) – Equities researchers at DA Davidson lifted their FY2017 earnings per share estimates for shares of BankFinancial Corporation in a note issued to investors on Monday. DA Davidson analyst K. Reevey now expects that the bank will post earnings per share of $0.60 for the year, up from their previous forecast of $0.56. DA Davidson has a “Neutral” rating and a $16.75 price target on the stock. DA Davidson also issued estimates for BankFinancial Corporation’s Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.17 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.20 EPS and FY2019 earnings at $0.83 EPS.
BankFinancial Corporation (NASDAQ:BFIN) last released its quarterly earnings results on Thursday, October 26th. The bank reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $14.13 million during the quarter, compared to analyst estimates of $14.45 million. BankFinancial Corporation had a return on equity of 5.09% and a net margin of 17.00%. ILLEGAL ACTIVITY NOTICE: “DA Davidson Comments on BankFinancial Corporation’s FY2017 Earnings (BFIN)” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.com-unik.info/2017/11/02/da-davidson-comments-on-bankfinancial-corporations-fy2017-earnings-bfin.html.
Several other research analysts have also recently weighed in on BFIN. FIG Partners upgraded BankFinancial Corporation from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $16.00 to $17.00 in a research note on Monday, July 31st. Zacks Investment Research cut BankFinancial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, BidaskClub cut BankFinancial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
Several institutional investors and hedge funds have recently modified their holdings of BFIN. American International Group Inc. grew its holdings in shares of BankFinancial Corporation by 7.3% in the first quarter. American International Group Inc. now owns 9,365 shares of the bank’s stock worth $136,000 after acquiring an additional 634 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of BankFinancial Corporation in the second quarter worth $167,000. Bank of America Corp DE grew its holdings in shares of BankFinancial Corporation by 3.3% in the first quarter. Bank of America Corp DE now owns 13,870 shares of the bank’s stock worth $201,000 after acquiring an additional 447 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of BankFinancial Corporation by 12.1% in the first quarter. Russell Investments Group Ltd. now owns 15,120 shares of the bank’s stock worth $220,000 after acquiring an additional 1,631 shares during the period. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of BankFinancial Corporation by 4.9% in the first quarter. Parametric Portfolio Associates LLC now owns 15,381 shares of the bank’s stock worth $223,000 after acquiring an additional 725 shares during the period. 62.84% of the stock is owned by institutional investors.
In related news, EVP James J. Brennan sold 15,000 shares of BankFinancial Corporation stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $16.06, for a total value of $240,900.00. Following the completion of the sale, the executive vice president now owns 73,635 shares of the company’s stock, valued at $1,182,578.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 15.45% of the company’s stock.
BankFinancial Corporation announced that its Board of Directors has approved a stock buyback program on Friday, July 28th that permits the company to repurchase 250,000 shares. This repurchase authorization permits the bank to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Wednesday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.02%. This is a positive change from BankFinancial Corporation’s previous quarterly dividend of $0.07. BankFinancial Corporation’s payout ratio is presently 50.00%.
BankFinancial Corporation Company Profile
BankFinancial Corporation is the bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, community-oriented national bank principally engaged in the business of commercial, family and personal banking. The Bank offers its customers a range of loan, deposit and other financial products and services through its full-service Illinois-based banking offices located in Cook, DuPage, Lake and Will Counties, and through its Internet branch, www.bankfinancial.com.
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