BankFinancial Corporation (BFIN) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of BankFinancial Corporation (NASDAQ:BFIN) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning. They currently have $18.00 price target on the bank’s stock.
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. “
A number of other brokerages have also commented on BFIN. BidaskClub raised BankFinancial Corporation from a sell rating to a hold rating in a report on Tuesday, August 8th. FIG Partners raised BankFinancial Corporation from a market perform rating to an outperform rating and raised their price target for the company from $16.00 to $17.00 in a report on Monday, July 31st.
Shares of BankFinancial Corporation (NASDAQ:BFIN) opened at 15.89 on Wednesday. The firm’s 50 day moving average is $15.89 and its 200 day moving average is $15.06. BankFinancial Corporation has a 12 month low of $12.15 and a 12 month high of $16.36. The stock has a market capitalization of $291.26 million, a price-to-earnings ratio of 32.36 and a beta of 0.58.
BankFinancial Corporation (NASDAQ:BFIN) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $13.80 million for the quarter, compared to analyst estimates of $14.25 million. BankFinancial Corporation had a net margin of 15.58% and a return on equity of 4.55%. On average, equities analysts predict that BankFinancial Corporation will post $0.60 earnings per share for the current fiscal year.
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BankFinancial Corporation declared that its Board of Directors has approved a share repurchase plan on Friday, July 28th that allows the company to buyback 250,000 outstanding shares. This buyback authorization allows the bank to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
In related news, EVP James J. Brennan sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $16.06, for a total transaction of $240,900.00. Following the completion of the transaction, the executive vice president now owns 73,635 shares of the company’s stock, valued at $1,182,578.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Hausmann sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $15.73, for a total value of $78,650.00. Following the transaction, the director now directly owns 69,069 shares of the company’s stock, valued at approximately $1,086,455.37. The disclosure for this sale can be found here. 15.45% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in BankFinancial Corporation by 3.3% during the first quarter. Bank of America Corp DE now owns 13,870 shares of the bank’s stock valued at $201,000 after buying an additional 447 shares in the last quarter. American International Group Inc. boosted its stake in BankFinancial Corporation by 7.3% during the first quarter. American International Group Inc. now owns 9,365 shares of the bank’s stock valued at $136,000 after buying an additional 634 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in BankFinancial Corporation by 4.9% during the first quarter. Parametric Portfolio Associates LLC now owns 15,381 shares of the bank’s stock valued at $223,000 after buying an additional 725 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake 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 buying an additional 946 shares in the last quarter. Finally, Martingale Asset Management L P boosted its stake in BankFinancial Corporation by 3.0% during the first quarter. Martingale Asset Management L P now owns 45,306 shares of the bank’s stock valued at $658,000 after buying an additional 1,300 shares in the last quarter. 62.37% of the stock is owned by institutional investors and hedge funds.
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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