Zacks Investment Research upgraded shares of BankFinancial Corporation (NASDAQ:BFIN) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $18.00 target price on the bank’s stock.
According to Zacks, “BankFinancial Corporation is the holding company for BankFinancial, F.S.B., a full-service, community-oriented savings bank providing financial services to individuals, families and businesses through eighteen full-service banking offices, located in Cook, DuPage, Lake and Will Counties, Illinois. “
Several other analysts have also recently weighed in on BFIN. BidaskClub upgraded shares of BankFinancial Corporation from a sell rating to a hold rating in a research report on Tuesday, August 8th. DA Davidson cut shares of BankFinancial Corporation from a buy rating to a neutral rating and set a $16.75 price objective on the stock. in a research report on Thursday, September 28th. Finally, FIG Partners upgraded shares of BankFinancial Corporation from a market perform rating to an outperform rating and raised their price objective for the company from $16.00 to $17.00 in a research report on Monday, July 31st.
BankFinancial Corporation (BFIN) opened at $15.86 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $286.26, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 3.22 and a beta of 0.47.
BankFinancial Corporation (NASDAQ:BFIN) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm had revenue of $14.13 million for the quarter, compared to analysts’ expectations of $14.45 million. BankFinancial Corporation had a net margin of 17.00% and a return on equity of 5.09%. equities analysts anticipate that BankFinancial Corporation will post 0.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.08 per share. 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 boost from BankFinancial Corporation’s previous quarterly dividend of $0.07. BankFinancial Corporation’s dividend payout ratio (DPR) is 50.00%.
BankFinancial Corporation announced that its board has authorized a stock buyback plan on Friday, July 28th that authorizes the company to buyback 250,000 outstanding shares. This buyback authorization authorizes the bank to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
In other news, EVP James J. Brennan sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $16.06, for a total transaction of $240,900.00. Following the sale, the executive vice president now owns 73,635 shares in the company, valued at approximately $1,182,578.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 15.45% of the company’s stock.
A number of large investors have recently modified their holdings of BFIN. State Street Corp raised its position in BankFinancial Corporation by 32.0% in the 2nd quarter. State Street Corp now owns 465,027 shares of the bank’s stock worth $6,936,000 after purchasing an additional 112,676 shares during the period. Wedge Capital Management L L P NC purchased a new position in BankFinancial Corporation in the 3rd quarter worth $672,000. Thrivent Financial For Lutherans raised its position in BankFinancial Corporation by 46.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 118,832 shares of the bank’s stock worth $1,773,000 after purchasing an additional 37,662 shares during the period. Pacific Alternative Asset Management Company LLC raised its position in BankFinancial Corporation by 27.9% in the 2nd quarter. Pacific Alternative Asset Management Company LLC now owns 142,026 shares of the bank’s stock worth $2,119,000 after purchasing an additional 31,016 shares during the period. Finally, JPMorgan Chase & Co. raised its position in BankFinancial Corporation by 39.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 106,433 shares of the bank’s stock worth $1,589,000 after purchasing an additional 30,265 shares during the period. Institutional investors own 62.84% of the company’s stock.
About BankFinancial Corporation
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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