Zacks: Brokerages Anticipate BankFinancial Corporation (BFIN) Will Announce Earnings of $0.19 Per Share
Equities analysts predict that BankFinancial Corporation (NASDAQ:BFIN) will post earnings of $0.19 per share for the current quarter, Zacks reports. Two analysts have issued estimates for BankFinancial Corporation’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.21. BankFinancial Corporation reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year over year growth rate of 46.2%. The firm is scheduled to issue its next earnings report 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 year, with EPS estimates ranging from $0.56 to $0.63. For the next year, analysts anticipate that the company will post earnings of $0.78 per share, with EPS estimates ranging from $0.73 to $0.83. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for BankFinancial Corporation.
BankFinancial Corporation (NASDAQ:BFIN) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.14 EPS 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 analysts’ expectations of $14.25 million.
Several equities research analysts have recently issued reports on BFIN shares. Zacks Investment Research lowered BankFinancial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. FIG Partners raised BankFinancial Corporation from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $16.00 to $17.00 in a research report on Monday, July 31st. DA Davidson downgraded 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, BidaskClub upgraded BankFinancial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th.
Shares of BankFinancial Corporation (NASDAQ BFIN) traded down 0.86% during trading on Wednesday, hitting $16.11. 33,686 shares of the stock were exchanged. BankFinancial Corporation has a 52-week low of $12.15 and a 52-week high of $16.89. The firm has a 50 day moving average of $15.95 and a 200-day moving average of $15.16. The stock has a market cap of $295.30 million, a PE ratio of 32.81 and a beta of 0.54.
BankFinancial Corporation declared that its board 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 reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
In related news, EVP James J. Brennan sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 73,635 shares of the company’s stock, valued at approximately $1,182,578.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Hausmann sold 5,000 shares of the business’s stock in a transaction 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 transaction, the director now 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. Corporate insiders own 15.45% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in BankFinancial Corporation by 32.0% in the second quarter. State Street Corp now owns 465,027 shares of the bank’s stock worth $6,936,000 after purchasing an additional 112,676 shares during the period. Thrivent Financial For Lutherans lifted its position in shares of BankFinancial Corporation by 46.4% during the second 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. Pacific Alternative Asset Management Company LLC lifted its position in shares of BankFinancial Corporation by 27.9% during the second quarter. Pacific Alternative Asset Management Company LLC now owns 142,026 shares of the bank’s stock worth $2,119,000 after purchasing an additional 31,016 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of BankFinancial Corporation by 39.7% during the second quarter. JPMorgan Chase & Co. now owns 106,433 shares of the bank’s stock worth $1,589,000 after purchasing an additional 30,265 shares during the last quarter. Finally, Kennedy Capital Management Inc. lifted its position in shares of BankFinancial Corporation by 8.1% during the first quarter. Kennedy Capital Management Inc. now owns 404,407 shares of the bank’s stock worth $5,872,000 after purchasing an additional 30,213 shares during the last quarter. 62.37% of the stock is currently owned by institutional investors.
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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