BankFinancial Corporation (BFIN) Position Trimmed by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. reduced its stake in BankFinancial Corporation (NASDAQ:BFIN) by 9.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,111 shares of the bank’s stock after selling 61,201 shares during the quarter. Deprince Race & Zollo Inc. owned about 3.08% of BankFinancial Corporation worth $8,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wedge Capital Management L L P NC purchased a new stake in BankFinancial Corporation in the third quarter valued at approximately $672,000. First Quadrant L P CA grew its position in BankFinancial Corporation by 179.4% during the third quarter. First Quadrant L P CA now owns 26,095 shares of the bank’s stock valued at $415,000 after acquiring an additional 16,754 shares during the last quarter. Nationwide Fund Advisors grew its position in BankFinancial Corporation by 33.6% during the third quarter. Nationwide Fund Advisors now owns 16,716 shares of the bank’s stock valued at $266,000 after acquiring an additional 4,200 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in BankFinancial Corporation by 6.5% during the second quarter. The Manufacturers Life Insurance Company now owns 15,454 shares of the bank’s stock valued at $230,000 after acquiring an additional 946 shares during the last quarter. Finally, State Street Corp grew its position in BankFinancial Corporation by 32.0% during the second quarter. State Street Corp now owns 465,027 shares of the bank’s stock valued at $6,936,000 after acquiring an additional 112,676 shares during the last quarter. 63.39% of the stock is currently owned by institutional investors and hedge funds.
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Shares of BankFinancial Corporation (NASDAQ BFIN) traded up $0.20 during trading on Friday, hitting $15.50. 34,000 shares of the stock traded hands, compared to its average volume of 33,688. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. BankFinancial Corporation has a 1 year low of $13.13 and a 1 year high of $16.89. The company has a market capitalization of $276.16, a PE ratio of 27.32, a price-to-earnings-growth ratio of 3.16 and a beta of 0.47.
BankFinancial Corporation (NASDAQ:BFIN) last issued its earnings results on Thursday, October 26th. The bank reported $0.20 earnings per share (EPS) for the quarter, topping the 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%. analysts forecast that BankFinancial Corporation will post 0.61 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Wednesday, November 8th will be issued a $0.08 dividend. The ex-dividend date is Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 2.06%. This is a boost from BankFinancial Corporation’s previous quarterly dividend of $0.07. BankFinancial Corporation’s payout ratio is 57.14%.
BankFinancial Corporation announced that its board has authorized a stock repurchase plan on Friday, July 28th that authorizes the company to repurchase 250,000 outstanding shares. This repurchase authorization authorizes the bank to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
A number of research analysts have commented on BFIN shares. Zacks Investment Research upgraded shares of BankFinancial Corporation from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, November 1st. BidaskClub cut shares of BankFinancial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. DA Davidson cut shares of BankFinancial Corporation from a “buy” rating to a “neutral” rating and set a $16.75 target price on the stock. in a 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 target price for the stock from $16.00 to $17.00 in a report on Monday, July 31st.
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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