BankFinancial (BFIN) Cut to “Hold” at Zacks Investment Research

BankFinancial (NASDAQ:BFIN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday.

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. “

Separately, BidaskClub raised BankFinancial from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BankFinancial currently has a consensus rating of “Hold” and a consensus price target of $17.58.

Shares of BankFinancial opened at $18.00 on Wednesday, according to Marketbeat Ratings. The company has a market capitalization of $317.71 million, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.56 and a beta of 0.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.07 and a current ratio of 1.07. BankFinancial has a one year low of $14.66 and a one year high of $18.62.

BankFinancial (NASDAQ:BFIN) last announced its earnings results on Monday, April 30th. The bank reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. BankFinancial had a return on equity of 6.63% and a net margin of 16.70%. The business had revenue of $14.56 million for the quarter, compared to the consensus estimate of $14.65 million. sell-side analysts expect that BankFinancial will post 0.88 EPS for the current fiscal year.

BankFinancial declared that its board has initiated a stock repurchase program on Wednesday, March 28th that permits the company to buyback 500,000 outstanding shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

In other BankFinancial news, insider William J. Jr. Deutsch sold 9,223 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $17.67, for a total transaction of $162,970.41. Following the transaction, the insider now owns 16,723 shares of the company’s stock, valued at approximately $295,495.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO F Morgan Gasior sold 35,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $17.24, for a total transaction of $603,400.00. Following the sale, the chief executive officer now owns 102,037 shares of the company’s stock, valued at approximately $1,759,117.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,422 shares of company stock worth $1,162,480. Company insiders own 15.17% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Martingale Asset Management L P raised its position in shares of BankFinancial by 17.5% during the 4th quarter. Martingale Asset Management L P now owns 59,206 shares of the bank’s stock valued at $909,000 after acquiring an additional 8,800 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of BankFinancial during the 4th quarter valued at $334,000. Goldman Sachs Group Inc. raised its position in shares of BankFinancial by 44.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 18,939 shares of the bank’s stock valued at $291,000 after acquiring an additional 5,845 shares during the last quarter. Renaissance Technologies LLC raised its position 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 acquiring an additional 9,900 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of BankFinancial by 19.1% during the 1st quarter. JPMorgan Chase & Co. now owns 307,476 shares of the bank’s stock valued at $5,221,000 after acquiring an additional 49,240 shares during the last quarter. Institutional investors own 62.02% of the company’s stock.

About BankFinancial

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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