BankFinancial Corporation (BFIN) Given Consensus Recommendation of “Buy” by Brokerages
BankFinancial Corporation (NASDAQ:BFIN) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers 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. BankFinancial Corporation’s rating score has declined by 100% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price target of $16.88 for the company and are anticipating that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given BankFinancial Corporation an industry rank of 98 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently weighed in on BFIN shares. Zacks Investment Research downgraded BankFinancial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub upgraded BankFinancial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. DA Davidson downgraded BankFinancial Corporation from a “buy” rating to a “neutral” rating and set a $16.75 target price for the company. in a research report on Thursday, September 28th. Finally, FIG Partners upgraded BankFinancial Corporation from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $16.00 to $17.00 in a research report on Monday, July 31st.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of BankFinancial Corporation by 2.7% during the first quarter. Vanguard Group Inc. now owns 665,833 shares of the bank’s stock worth $9,668,000 after buying an additional 17,196 shares during the period. State Street Corp boosted its position in shares of BankFinancial Corporation by 32.0% during the second quarter. State Street Corp now owns 465,027 shares of the bank’s stock worth $6,936,000 after buying an additional 112,676 shares during the period. Northern Trust Corp boosted its position in shares of BankFinancial Corporation by 1.7% during the second quarter. Northern Trust Corp now owns 455,790 shares of the bank’s stock worth $6,800,000 after buying an additional 7,550 shares during the period. Banc Funds Co. LLC boosted its position in shares of BankFinancial Corporation by 1.5% during the second quarter. Banc Funds Co. LLC now owns 440,707 shares of the bank’s stock worth $6,575,000 after buying an additional 6,436 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of BankFinancial Corporation by 102.4% during the third quarter. JPMorgan Chase & Co. now owns 215,426 shares of the bank’s stock worth $3,450,000 after buying an additional 108,993 shares during the period. 63.39% of the stock is owned by institutional investors.
BankFinancial Corporation (NASDAQ:BFIN) traded up $0.07 during trading on Tuesday, reaching $15.36. The company’s stock had a trading volume of 24,300 shares, compared to its average volume of 33,787. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $275.98, a price-to-earnings ratio of 27.30, a P/E/G ratio of 3.16 and a beta of 0.47. BankFinancial Corporation has a one year low of $13.13 and a one year high of $16.89.
BankFinancial Corporation (NASDAQ:BFIN) last released its earnings results on Thursday, October 26th. The bank reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $14.13 million during the quarter, compared to the consensus estimate of $14.45 million. BankFinancial Corporation had a return on equity of 5.09% and a net margin of 17.00%. equities analysts forecast that BankFinancial Corporation will post 0.61 EPS for the current year.
BankFinancial Corporation announced that its Board of Directors has initiated a stock repurchase program on Friday, July 28th that allows the company to repurchase 250,000 shares. This repurchase authorization allows the bank to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th will be issued a $0.08 dividend. This is an increase from BankFinancial Corporation’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Tuesday, November 7th. BankFinancial Corporation’s dividend payout ratio is 57.14%.
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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