Ameriprise Financial Inc. boosted its stake in shares of BankFinancial Corporation (NASDAQ:BFIN) by 31.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,905 shares of the bank’s stock after buying an additional 6,905 shares during the period. Ameriprise Financial Inc. owned 0.16% of BankFinancial Corporation worth $431,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of BFIN. JPMorgan Chase & Co. lifted its holdings in BankFinancial Corporation by 39.7% during the second quarter. JPMorgan Chase & Co. now owns 106,433 shares of the bank’s stock worth $1,589,000 after buying an additional 30,265 shares during the period. Vanguard Group Inc. lifted its holdings in shares of BankFinancial Corporation by 2.7% during 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 during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of BankFinancial Corporation by 5.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 107,123 shares of the bank’s stock valued at $1,598,000 after purchasing an additional 5,527 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of BankFinancial Corporation by 10.8% during the 2nd quarter. Martingale Asset Management L P now owns 50,206 shares of the bank’s stock valued at $750,000 after purchasing an additional 4,900 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of BankFinancial Corporation by 3.1% during 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 during the last quarter. Institutional investors own 63.39% of the company’s stock.
BankFinancial Corporation (NASDAQ BFIN) opened at $15.36 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.06 and a quick ratio of 1.06. BankFinancial Corporation has a 12-month low of $13.13 and a 12-month high of $16.89. The stock has a market capitalization of $275.98, a price-to-earnings ratio of 27.30, a P/E/G ratio of 3.16 and a beta of 0.47.
BankFinancial Corporation (NASDAQ:BFIN) last released its earnings results on Thursday, October 26th. The bank reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. BankFinancial Corporation had a return on equity of 5.09% and a net margin of 17.00%. The firm had revenue of $14.13 million for the quarter, compared to the consensus estimate of $14.45 million. research analysts predict that BankFinancial Corporation will post 0.61 earnings per share for the current year.
BankFinancial Corporation declared that its board has initiated a stock repurchase plan on Friday, July 28th that permits the company to repurchase 250,000 outstanding shares. This repurchase authorization permits the bank to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Wednesday, November 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.08%. This is an increase from BankFinancial Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, November 7th. BankFinancial Corporation’s dividend payout ratio is presently 57.14%.
Several brokerages have recently commented on BFIN. FIG Partners upgraded BankFinancial Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $16.00 to $17.00 in a report on Monday, July 31st. Zacks Investment Research lowered BankFinancial Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. DA Davidson lowered BankFinancial Corporation from a “buy” rating to a “neutral” rating and set a $16.75 price objective for the company. in a report on Thursday, September 28th. Finally, BidaskClub upgraded BankFinancial Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 19th.
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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