Shares of BankFinancial (NASDAQ:BFIN) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a 1-year consensus price target of $18.25 for the company and are forecasting that the company will post $0.20 EPS for the current quarter, according to Zacks. Zacks has also given BankFinancial an industry rank of 172 out of 265 based on the ratings given to its competitors.
Several analysts have weighed in on the company. Zacks Investment Research raised BankFinancial from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, May 8th. BidaskClub lowered BankFinancial from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Finally, ValuEngine raised BankFinancial from a “hold” rating to a “buy” rating in a report on Thursday, March 1st.
BankFinancial traded down $0.23, hitting $17.52, during trading hours on Monday, Marketbeat reports. The stock had a trading volume of 44,087 shares, compared to its average volume of 65,382. 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 $314.87 million, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.54 and a beta of 0.42. BankFinancial has a 1-year low of $13.97 and a 1-year high of $17.82.
BankFinancial (NASDAQ:BFIN) last posted its earnings results on Monday, April 30th. The bank reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $14.56 million for the quarter, compared to analyst estimates of $14.65 million. BankFinancial had a return on equity of 6.63% and a net margin of 16.70%. sell-side analysts forecast that BankFinancial will post 0.88 EPS for the current fiscal year.
BankFinancial declared that its board has authorized a stock buyback program on Wednesday, March 28th that allows the company to buyback 500,000 outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Wednesday, May 16th will be given a $0.09 dividend. This is an increase from BankFinancial’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Tuesday, May 15th. BankFinancial’s dividend payout ratio is currently 57.14%.
In related news, CEO F Morgan Gasior sold 35,000 shares of the stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $17.24, for a total transaction of $603,400.00. Following the transaction, the chief executive officer now directly owns 102,037 shares in the company, valued at $1,759,117.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James J. Brennan sold 8,472 shares of the stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $17.69, for a total value of $149,869.68. Following the transaction, the executive vice president now owns 45,000 shares in the company, valued at $796,050. The disclosure for this sale can be found here. Insiders have sold 76,000 shares of company stock worth $1,296,355 over the last quarter. 15.45% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in BankFinancial by 61.3% during the third quarter. Wells Fargo & Company MN now owns 18,732 shares of the bank’s stock worth $297,000 after buying an additional 7,118 shares during the period. Martingale Asset Management L P raised its holdings in shares of BankFinancial by 17.5% in the 4th quarter. Martingale Asset Management L P now owns 59,206 shares of the bank’s stock worth $909,000 after purchasing an additional 8,800 shares during the period. First Trust Advisors LP purchased a new position in shares of BankFinancial in the 4th quarter worth about $334,000. First Quadrant L P CA raised its holdings in shares of BankFinancial by 110.1% in the 4th quarter. First Quadrant L P CA now owns 54,835 shares of the bank’s stock worth $841,000 after purchasing an additional 28,740 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of BankFinancial by 1.5% in the 4th quarter. Renaissance Technologies LLC now owns 679,200 shares of the bank’s stock worth $10,419,000 after purchasing an additional 9,900 shares during the period. Hedge funds and other institutional investors own 62.09% of the company’s stock.
BankFinancial Corporation operates as the holding company for BankFinancial, National Association that provides commercial, family, and personal banking products and services in Illinois. The company accepts various deposit products, such as savings, NOW, checking, money market, IRA, and other retirement accounts, as well as certificates of deposit.
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