BankFinancial Corporation (BFIN) Rating Lowered to Hold at Zacks Investment Research
BankFinancial Corporation (NASDAQ:BFIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Monday.
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. “
A number of other brokerages have also issued reports on BFIN. FIG Partners raised BankFinancial Corporation from a “market perform” rating to an “outperform” rating and upped their target price for the company from $16.00 to $17.00 in a research report on Monday, July 31st. BidaskClub cut BankFinancial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, DA Davidson cut BankFinancial Corporation from a “buy” rating to a “neutral” rating and set a $16.75 target price for the company. in a research note on Thursday.
BankFinancial Corporation (NASDAQ:BFIN) traded up 2.27% during midday trading on Monday, reaching $16.25. The company had a trading volume of 50,011 shares. The firm has a market capitalization of $295.39 million, a PE ratio of 32.50 and a beta of 0.54. The firm’s 50-day moving average price is $15.89 and its 200 day moving average price is $15.06. BankFinancial Corporation has a 12 month low of $12.15 and a 12 month high of $16.89.
BankFinancial Corporation (NASDAQ:BFIN) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). BankFinancial Corporation had a net margin of 15.58% and a return on equity of 4.55%. The business had revenue of $13.80 million during the quarter, compared to analysts’ expectations of $14.25 million. Equities analysts anticipate that BankFinancial Corporation will post $0.60 earnings per share for the current fiscal year.
BankFinancial Corporation announced that its Board of Directors has initiated a share repurchase plan on Friday, July 28th that authorizes the company to repurchase 250,000 outstanding shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In related news, Director John M. Hausmann sold 5,000 shares of BankFinancial Corporation stock in a transaction dated Wednesday, August 2nd. The stock was 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 directly owns 69,069 shares in the company, valued at $1,086,455.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James J. Brennan sold 15,000 shares of BankFinancial Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $16.06, for a total value 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 $1,182,578.10. 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 stock. State Street Corp raised its stake in BankFinancial Corporation by 32.0% during the second 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 in the last quarter. Thrivent Financial For Lutherans grew its position in shares of BankFinancial Corporation by 46.4% in the 2nd quarter. Thrivent Financial For Lutherans now owns 118,832 shares of the bank’s stock worth $1,773,000 after acquiring an additional 37,662 shares in the last quarter. Pacific Alternative Asset Management Company LLC grew its position in shares of 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 worth $2,119,000 after acquiring an additional 31,016 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of BankFinancial Corporation by 39.7% in the 2nd 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 in the last quarter. Finally, Kennedy Capital Management Inc. grew its position in shares of BankFinancial Corporation by 8.1% in the 1st quarter. Kennedy Capital Management Inc. now owns 404,407 shares of the bank’s stock worth $5,872,000 after acquiring an additional 30,213 shares in the last quarter. 62.37% of the stock is owned by hedge funds and other 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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