BankFinancial Corporation (NASDAQ:BFIN) EVP Sells $240,900.00 in Stock
BankFinancial Corporation (NASDAQ:BFIN) EVP James J. Brennan sold 15,000 shares of the company’s 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 sale, the executive vice president now owns 73,635 shares in the company, valued at approximately $1,182,578.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
BankFinancial Corporation (NASDAQ:BFIN) traded down 0.81% on Wednesday, hitting $16.00. The stock had a trading volume of 45,201 shares. The stock has a market cap of $293.28 million, a P/E ratio of 32.59 and a beta of 0.58. BankFinancial Corporation has a one year low of $12.02 and a one year high of $16.36. The company’s 50-day moving average is $15.06 and its 200-day moving average is $14.69.
BankFinancial Corporation (NASDAQ:BFIN) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.01. The business 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%. On average, analysts anticipate that BankFinancial Corporation will post $0.60 earnings per share for the current fiscal year.
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 issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, August 7th. BankFinancial Corporation’s dividend payout ratio is presently 57.14%.
BankFinancial Corporation announced that its Board of Directors has initiated a share buyback program on Friday, July 28th that allows the company to repurchase 250,000 shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
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Several brokerages have weighed in on BFIN. BidaskClub upgraded BankFinancial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut BankFinancial Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, FIG Partners raised BankFinancial Corporation from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $16.00 to $17.00 in a research report on Monday, July 31st.
A number of large investors have recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of 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 in the last quarter. Bank of America Corp DE boosted its stake 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. American International Group Inc. boosted its stake 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. Parametric Portfolio Associates LLC boosted its stake 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. Finally, Martingale Asset Management L P boosted its stake in shares of BankFinancial Corporation by 3.0% in the first quarter. Martingale Asset Management L P now owns 45,306 shares of the bank’s stock worth $658,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 62.39% of the company’s stock.
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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