BankFinancial (BFIN) Downgraded to Hold at BidaskClub

BidaskClub cut shares of BankFinancial (NASDAQ:BFIN) from a buy rating to a hold rating in a research note released on Friday.

A number of other research firms have also weighed in on BFIN. ValuEngine upgraded BankFinancial from a hold rating to a buy rating in a report on Thursday, March 1st. Zacks Investment Research lowered BankFinancial from a buy rating to a hold rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. BankFinancial has a consensus rating of Hold and a consensus target price of $17.25.

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Shares of NASDAQ BFIN traded down $0.02 during trading hours on Friday, reaching $16.83. The stock had a trading volume of 44,628 shares, compared to its average volume of 36,309. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $302.16, a price-to-earnings ratio of 26.71, a PEG ratio of 2.43 and a beta of 0.41. BankFinancial has a 52-week low of $13.43 and a 52-week high of $17.20.

BankFinancial (NASDAQ:BFIN) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm had revenue of $14.94 million during the quarter, compared to analyst estimates of $14.80 million. BankFinancial had a return on equity of 5.76% and a net margin of 14.39%. analysts forecast that BankFinancial will post 0.87 earnings per share for the current year.

BankFinancial announced that its board has authorized a share repurchase program on Wednesday, March 28th that authorizes the company to buyback 500,000 shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other BankFinancial news, EVP James J. Brennan sold 10,000 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $16.80, for a total transaction of $168,000.00. Following the completion of the sale, the executive vice president now owns 59,251 shares in the company, valued at $995,416.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James J. Brennan sold 5,000 shares of the company’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $16.54, for a total value of $82,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,528 shares of company stock valued at $543,086. 15.45% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of BFIN. BlackRock Inc. lifted its holdings in shares of BankFinancial by 0.4% during the 4th quarter. BlackRock Inc. now owns 1,192,688 shares of the bank’s stock valued at $18,295,000 after purchasing an additional 5,059 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of BankFinancial by 1.5% during the 4th quarter. Renaissance Technologies LLC now owns 679,200 shares of the bank’s stock valued at $10,419,000 after purchasing an additional 9,900 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of BankFinancial by 12.9% during the 4th quarter. Acadian Asset Management LLC now owns 237,042 shares of the bank’s stock valued at $3,637,000 after purchasing an additional 27,092 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BankFinancial by 102.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 215,426 shares of the bank’s stock valued at $3,450,000 after purchasing an additional 108,993 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of BankFinancial by 26.9% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 127,473 shares of the bank’s stock valued at $1,955,000 after purchasing an additional 27,026 shares during the last quarter. Institutional investors own 61.64% of the company’s stock.

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BankFinancial 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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