Analysts Anticipate BankFinancial Corporation (BFIN) to Post $0.16 Earnings Per Share
Equities research analysts forecast that BankFinancial Corporation (NASDAQ:BFIN) will post earnings per share (EPS) of $0.16 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for BankFinancial Corporation’s earnings. BankFinancial Corporation posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 23.1%. The company is expected to report its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that BankFinancial Corporation will report full year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.59. For the next year, analysts anticipate that the business 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 follow BankFinancial Corporation.
BankFinancial Corporation (NASDAQ:BFIN) last announced its earnings results on Wednesday, July 26th. The bank reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.01. The business had revenue of $13.80 million for the quarter, compared to the consensus estimate of $14.25 million. BankFinancial Corporation had a net margin of 15.58% and a return on equity of 4.55%.
Several research firms have issued reports on BFIN. Zacks Investment Research downgraded BankFinancial Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 3rd. FIG Partners raised BankFinancial Corporation from a “market perform” rating to an “outperform” rating and increased their price target for the company from $16.00 to $17.00 in a research note on Monday, July 31st. Finally, BidaskClub raised BankFinancial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday.
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In other BankFinancial Corporation news, EVP James J. Brennan sold 15,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 73,635 shares in the company, valued at approximately $1,182,578.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John M. Hausmann sold 5,000 shares of the 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 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. In the last 90 days, insiders sold 52,241 shares of company stock valued at $801,865. 15.45% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new position in BankFinancial Corporation during the fourth quarter worth about $200,000. State Street Corp boosted its position in BankFinancial Corporation by 0.4% in the fourth quarter. State Street Corp now owns 351,601 shares of the bank’s stock worth $5,208,000 after buying an additional 1,376 shares during the period. Metropolitan Life Insurance Co. NY boosted 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. Dalton Greiner Hartman Maher & Co. boosted its position in BankFinancial Corporation by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 104,911 shares of the bank’s stock worth $1,523,000 after buying an additional 389 shares during the period. Finally, Acadian Asset Management LLC boosted its position in BankFinancial Corporation by 3.1% in the first quarter. Acadian Asset Management LLC now owns 151,298 shares of the bank’s stock worth $2,198,000 after buying an additional 4,534 shares during the period. Hedge funds and other institutional investors own 62.39% of the company’s stock.
Shares of BankFinancial Corporation (NASDAQ:BFIN) traded down 0.81% during trading on Wednesday, hitting $16.00. The stock had a trading volume of 45,310 shares. BankFinancial Corporation has a 52 week low of $12.02 and a 52 week high of $16.36. The stock has a market capitalization of $293.28 million, a price-to-earnings ratio of 32.59 and a beta of 0.58. The stock’s 50 day moving average is $15.06 and its 200 day moving average is $14.69.
BankFinancial Corporation announced that its board has approved a share buyback plan on Friday, July 28th that permits the company to repurchase 250,000 shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
The company 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, August 7th. BankFinancial Corporation’s dividend payout ratio is currently 57.14%.
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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