BankFinancial Corporation (NASDAQ:BFIN) – Analysts at FIG Partners reduced their Q3 2017 earnings estimates for BankFinancial Corporation in a research note issued to investors on Thursday. FIG Partners analyst B. Martin now forecasts that the bank will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.17. FIG Partners currently has a “Outperform” rating and a $17.00 target price on the stock. FIG Partners also issued estimates for BankFinancial Corporation’s FY2017 earnings at $0.58 EPS and FY2018 earnings at $0.70 EPS.
BFIN has been the topic of a number of other reports. Zacks Investment Research lowered BankFinancial Corporation from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub lowered BankFinancial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday.
BankFinancial Corporation (NASDAQ BFIN) opened at 15.32 on Monday. The company has a market capitalization of $280.82 million, a PE ratio of 31.20 and a beta of 0.58. The company has a 50-day moving average price of $15.01 and a 200 day moving average price of $14.66. BankFinancial Corporation has a 12 month low of $12.02 and a 12 month high of $15.33.
BankFinancial Corporation (NASDAQ:BFIN) last issued its earnings results on Wednesday, July 26th. The bank reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. The firm had revenue of $13.80 million during the quarter, compared to the consensus estimate of $14.25 million. BankFinancial Corporation had a return on equity of 4.55% and a net margin of 15.58%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its position in shares of 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 in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of 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 in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of BankFinancial Corporation during the fourth quarter worth approximately $200,000. Bank of America Corp DE raised its position in shares of 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 in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of 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 in the last quarter. 61.77% of the stock is currently owned by hedge funds and other institutional investors.
In other BankFinancial Corporation news, insider John G. Manos sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $15.04, for a total value of $225,600.00. Following the transaction, the insider now directly owns 38,031 shares of the company’s stock, valued at approximately $571,986.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul A. Cloutier sold 22,195 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $15.12, for a total value of $335,588.40. Following the completion of the transaction, the chief financial officer now directly owns 86,705 shares in the company, valued at $1,310,979.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,436 shares of company stock worth $1,043,503. Insiders own 15.45% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Wednesday, August 9th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, August 7th. BankFinancial Corporation’s dividend payout ratio is 57.14%.
BankFinancial Corporation announced that its board 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 repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.
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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