BankFinancial Corp. (BFIN) Upgraded to “Hold” by Zacks Investment Research
BankFinancial Corp. (NASDAQ:BFIN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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. “
BankFinancial Corp. (NASDAQ:BFIN) traded up 0.56% on Wednesday, hitting $12.67. The stock had a trading volume of 11,992 shares. The company has a market cap of $242.38 million, a price-to-earnings ratio of 34.34 and a beta of 0.92. BankFinancial Corp. has a 52-week low of $11.38 and a 52-week high of $13.29. The company has a 50 day moving average price of $12.31 and a 200-day moving average price of $12.28.
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BankFinancial Corp. (NASDAQ:BFIN) last released its quarterly earnings results on Monday, August 1st. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.02. BankFinancial Corp. had a return on equity of 3.42% and a net margin of 12.74%. On average, equities research analysts predict that BankFinancial Corp. will post $0.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Wednesday, August 17th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Monday, August 15th. BankFinancial Corp.’s payout ratio is 54.05%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BFIN. Acadian Asset Management LLC raised its position in BankFinancial Corp. by 16.7% in the first quarter. Acadian Asset Management LLC now owns 39,370 shares of the company’s stock valued at $464,000 after buying an additional 5,641 shares during the last quarter. Clover Partners L.P. increased its position in shares of BankFinancial Corp. by 2.6% in the first quarter. Clover Partners L.P. now owns 998,086 shares of the company’s stock valued at $11,797,000 after buying an additional 25,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of BankFinancial Corp. by 5.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 44,667 shares of the company’s stock valued at $528,000 after buying an additional 2,270 shares during the period. JPMorgan Chase & Co. increased its position in shares of BankFinancial Corp. by 2.0% in the first quarter. JPMorgan Chase & Co. now owns 81,485 shares of the company’s stock valued at $963,000 after buying an additional 1,575 shares during the period. Finally, State Street Corp increased its position in shares of BankFinancial Corp. by 0.3% in the first quarter. State Street Corp now owns 313,718 shares of the company’s stock valued at $3,706,000 after buying an additional 1,014 shares during the period. 57.90% of the stock is owned by hedge funds and other institutional investors.
BankFinancial Corp. Company Profile
BankFinancial Corporation is the bank holding company for BankFinancial, F.S.B. (the Bank). The Bank is a full-service, community-oriented federal savings 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 approximately 20 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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