Zacks: Analysts Expect BankFinancial Corporation (BFIN) Will Post Earnings of $0.19 Per Share
Equities research analysts predict that BankFinancial Corporation (NASDAQ:BFIN) will post earnings per share of $0.19 for the current quarter, Zacks reports. Two analysts have provided estimates for BankFinancial Corporation’s earnings, with estimates ranging from $0.16 to $0.21. BankFinancial Corporation reported earnings per share of $0.13 in the same quarter last year, which suggests a positive year over year growth rate of 46.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that BankFinancial Corporation will report full year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.63. For the next year, analysts anticipate that the firm will report earnings of $0.78 per share, with EPS estimates ranging from $0.73 to $0.83. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover BankFinancial Corporation.
BankFinancial Corporation (NASDAQ:BFIN) last announced its earnings results on Wednesday, July 26th. The bank reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). BankFinancial Corporation had a return on equity of 4.55% and a net margin of 15.58%. The company had revenue of $13.80 million during the quarter, compared to the consensus estimate of $14.25 million.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of BankFinancial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. FIG Partners raised shares of BankFinancial Corporation from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $16.00 to $17.00 in a report on Monday, July 31st. Finally, BidaskClub cut shares of BankFinancial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
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Shares of BankFinancial Corporation (NASDAQ:BFIN) traded down 1.20% during trading on Friday, hitting $15.62. 130,888 shares of the company’s stock were exchanged. The stock has a market cap of $286.31 million, a PE ratio of 31.81 and a beta of 0.58. The stock’s 50-day moving average price is $15.84 and its 200-day moving average price is $15.05. BankFinancial Corporation has a 1-year low of $12.15 and a 1-year high of $16.36.
The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Wednesday, August 9th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.79%. BankFinancial Corporation’s dividend payout ratio (DPR) is currently 57.14%.
BankFinancial Corporation declared that its board has approved a share repurchase program on Friday, July 28th that authorizes the company to repurchase 250,000 shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
In related news, Director John M. Hausmann sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $15.73, for a total value of $78,650.00. Following the completion of the transaction, the director now owns 69,069 shares in the company, valued at approximately $1,086,455.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP James J. Brennan sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were 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 approximately $1,182,578.10. The disclosure for this sale can be found here. Insiders sold 30,000 shares of company stock valued at $469,350 in the last three months. Company insiders own 15.45% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of BFIN. State Street Corp raised its holdings in BankFinancial Corporation by 32.0% in the 2nd quarter. State Street Corp now owns 465,027 shares of the bank’s stock valued at $6,936,000 after buying an additional 112,676 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in BankFinancial Corporation by 46.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 118,832 shares of the bank’s stock valued at $1,773,000 after buying an additional 37,662 shares during the last quarter. Pacific Alternative Asset Management Company LLC raised its holdings in BankFinancial Corporation by 27.9% in the 2nd quarter. Pacific Alternative Asset Management Company LLC now owns 142,026 shares of the bank’s stock valued at $2,119,000 after buying an additional 31,016 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in BankFinancial Corporation by 39.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 106,433 shares of the bank’s stock valued at $1,589,000 after buying an additional 30,265 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its holdings in BankFinancial Corporation by 8.1% in the 1st quarter. Kennedy Capital Management Inc. now owns 404,407 shares of the bank’s stock valued at $5,872,000 after buying an additional 30,213 shares during the last quarter. Institutional investors and hedge funds own 62.37% of the company’s stock.
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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