Northern Trust Corp Has $6.80 Million Holdings in BankFinancial Corporation (BFIN)
Northern Trust Corp grew its position in shares of BankFinancial Corporation (NASDAQ:BFIN) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 455,790 shares of the bank’s stock after purchasing an additional 7,550 shares during the period. Northern Trust Corp owned 2.49% of BankFinancial Corporation worth $6,800,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in BFIN. Thrivent Financial For Lutherans boosted its stake in shares of BankFinancial Corporation by 46.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 118,832 shares of the bank’s stock worth $1,773,000 after purchasing an additional 37,662 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of BankFinancial Corporation by 39.7% in the second quarter. JPMorgan Chase & Co. now owns 106,433 shares of the bank’s stock worth $1,589,000 after acquiring an additional 30,265 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of BankFinancial Corporation by 2.7% in the first quarter. Vanguard Group Inc. now owns 665,833 shares of the bank’s stock worth $9,668,000 after acquiring an additional 17,196 shares during the last quarter. Menta Capital LLC acquired a new stake in shares of BankFinancial Corporation in the second quarter worth approximately $243,000. Finally, Ameriprise Financial Inc. boosted its position in shares of BankFinancial Corporation by 31.4% in the second quarter. Ameriprise Financial Inc. now owns 28,905 shares of the bank’s stock worth $431,000 after acquiring an additional 6,905 shares during the last quarter. 63.39% of the stock is currently owned by institutional investors.
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BankFinancial Corporation (NASDAQ BFIN) opened at $15.29 on Monday. BankFinancial Corporation has a 1-year low of $13.13 and a 1-year high of $16.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $275.98, a P/E ratio of 27.30, a P/E/G ratio of 3.16 and a beta of 0.47.
BankFinancial Corporation (NASDAQ:BFIN) last posted its quarterly earnings results on Thursday, October 26th. The bank reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The firm had revenue of $14.13 million for the quarter, compared to analyst estimates of $14.45 million. BankFinancial Corporation had a net margin of 17.00% and a return on equity of 5.09%. equities analysts expect that BankFinancial Corporation will post 0.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Wednesday, November 8th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.09%. This is a positive change from BankFinancial Corporation’s previous quarterly dividend of $0.07. BankFinancial Corporation’s dividend payout ratio (DPR) is currently 57.14%.
BankFinancial Corporation announced that its board has initiated a share repurchase plan on Friday, July 28th that permits the company to buyback 250,000 outstanding shares. This buyback authorization permits the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Several equities research analysts recently issued reports on BFIN shares. Zacks Investment Research cut shares of BankFinancial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub raised shares of BankFinancial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. 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 research report on Thursday, September 28th. Finally, FIG Partners raised 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 research report on Monday, July 31st.
BankFinancial Corporation 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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