Zacks: BankFinancial Corporation (BFIN) Given $16.88 Consensus Target Price by Analysts
BankFinancial Corporation (NASDAQ:BFIN) has been given a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. BankFinancial Corporation’s rating score has declined by 100% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus price objective of $16.88 for the company and are forecasting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also assigned BankFinancial Corporation an industry rank of 114 out of 265 based on the ratings given to related companies.
A number of research firms recently commented on BFIN. BidaskClub raised shares of BankFinancial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. DA Davidson cut shares of BankFinancial Corporation from a “buy” rating to a “neutral” rating and set a $16.75 price target for the company. in a research note on Thursday, September 28th. Zacks Investment Research cut shares of BankFinancial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, FIG Partners raised shares of BankFinancial Corporation from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $16.00 to $17.00 in a research note on Monday, July 31st.
Shares of BankFinancial Corporation (NASDAQ:BFIN) traded up $0.20 during trading hours on Tuesday, hitting $15.50. 34,000 shares of the company’s stock were exchanged, compared to its average volume of 33,688. BankFinancial Corporation has a 1-year low of $13.13 and a 1-year high of $16.89. The stock has a market cap of $276.16, a PE ratio of 27.32, a P/E/G ratio of 3.16 and a beta of 0.47. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.30.
BankFinancial Corporation (NASDAQ:BFIN) last issued its quarterly earnings data on Thursday, October 26th. The bank reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. BankFinancial Corporation had a net margin of 17.00% and a return on equity of 5.09%. The business had revenue of $14.13 million during the quarter, compared to analysts’ expectations of $14.45 million. equities research analysts forecast that BankFinancial Corporation will post 0.61 earnings per share for the current year.
BankFinancial Corporation announced that its Board of Directors has authorized a share repurchase plan on Friday, July 28th that authorizes the company to buyback 250,000 shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Wednesday, November 8th will be issued a dividend of $0.08 per share. This is a positive change from BankFinancial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 2.06%. BankFinancial Corporation’s dividend payout ratio (DPR) is presently 57.14%.
A number of institutional investors and hedge funds have recently made changes to their positions in BFIN. Bank of New York Mellon Corp lifted its holdings in BankFinancial Corporation by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 101,596 shares of the bank’s stock valued at $1,475,000 after buying an additional 2,241 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of BankFinancial Corporation by 4.9% in the 1st quarter. Parametric Portfolio Associates LLC now owns 15,381 shares of the bank’s stock valued at $223,000 after purchasing an additional 725 shares in the last quarter. American International Group Inc. raised its holdings in shares of BankFinancial Corporation by 7.3% in the 1st quarter. American International Group Inc. now owns 9,365 shares of the bank’s stock valued at $136,000 after purchasing an additional 634 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of BankFinancial Corporation by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 665,833 shares of the bank’s stock valued at $9,668,000 after purchasing an additional 17,196 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of BankFinancial Corporation by 3.1% in the 1st quarter. Geode Capital Management LLC now owns 135,570 shares of the bank’s stock valued at $1,968,000 after purchasing an additional 4,043 shares in the last quarter. Institutional investors own 63.39% of the company’s stock.
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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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