BankFinancial Corporation (NASDAQ:BFIN) Expected to Announce Quarterly Sales of $14.45 Million
Analysts predict that BankFinancial Corporation (NASDAQ:BFIN) will post sales of $14.45 million for the current quarter, according to Zacks. Two analysts have issued estimates for BankFinancial Corporation’s earnings. The highest sales estimate is $14.50 million and the lowest is $14.40 million. BankFinancial Corporation posted sales of $13.47 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The firm is expected to report its next earnings report on Wednesday, October 25th.
On average, analysts expect that BankFinancial Corporation will report full-year sales of $14.45 million for the current fiscal year, with estimates ranging from $56.70 million to $57.00 million. For the next year, analysts anticipate that the company will post sales of $62.98 million per share, with estimates ranging from $62.35 million to $63.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow 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 Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm 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%.
BFIN has been the topic of several recent research reports. BidaskClub raised shares of BankFinancial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research raised shares of BankFinancial Corporation from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday, June 2nd. Finally, FIG Partners raised shares of BankFinancial Corporation from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $16.00 to $17.00 in a research note on Monday, July 31st.
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Shares of BankFinancial Corporation (NASDAQ:BFIN) opened at 15.90 on Friday. BankFinancial Corporation has a 52-week low of $12.02 and a 52-week high of $16.36. The company’s 50-day moving average is $15.18 and its 200 day moving average is $14.74. The firm has a market cap of $291.45 million, a price-to-earnings ratio of 32.38 and a beta of 0.58.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Wednesday, August 9th will be given a $0.07 dividend. The ex-dividend date is Monday, August 7th. This represents a $0.28 annualized dividend and a dividend yield of 1.76%. BankFinancial Corporation’s dividend payout ratio is presently 57.14%.
BankFinancial Corporation declared that its board has initiated a share buyback plan on Friday, July 28th that permits the company to repurchase 250,000 outstanding shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.
In other BankFinancial Corporation news, EVP James J. Brennan sold 15,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $16.06, for a total value of $240,900.00. Following the transaction, the executive vice president now directly owns 73,635 shares in the company, valued at approximately $1,182,578.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John M. Hausmann sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $15.73, for a total transaction of $78,650.00. Following the completion of the transaction, the director now owns 69,069 shares in the company, valued at $1,086,455.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,241 shares of company stock worth $652,965. 15.45% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. raised its position in BankFinancial Corporation by 7.3% in the first quarter. American International Group Inc. now owns 9,365 shares of the bank’s stock worth $136,000 after buying an additional 634 shares during the period. Metropolitan Life Insurance Co. NY raised its position in BankFinancial Corporation by 847.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,987 shares of the bank’s stock worth $178,000 after buying an additional 10,722 shares during the period. Russell Investments Group Ltd. purchased a new position in BankFinancial Corporation during the fourth quarter worth about $200,000. Bank of America Corp DE raised its position in BankFinancial Corporation by 3.3% in the first quarter. Bank of America Corp DE now owns 13,870 shares of the bank’s stock worth $201,000 after buying an additional 447 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in BankFinancial Corporation by 4.9% in the first quarter. Parametric Portfolio Associates LLC now owns 15,381 shares of the bank’s stock worth $223,000 after buying an additional 725 shares during the period. Institutional investors own 62.39% of the company’s stock.
About BankFinancial Corporation
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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