BankFinancial (BFIN) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of BankFinancial (NASDAQ:BFIN) from a hold rating to a buy rating in a research report report published on Wednesday.

Several other brokerages have also recently weighed in on BFIN. Zacks Investment Research cut BankFinancial from a buy rating to a hold rating in a report on Monday, October 2nd. DA Davidson cut BankFinancial from a buy rating to a neutral rating and set a $16.75 target price for the company. in a report on Thursday, September 28th.

Shares of BankFinancial (NASDAQ:BFIN) traded down $0.08 during mid-day trading on Wednesday, reaching $16.31. The company had a trading volume of 29,200 shares, compared to its average volume of 33,198. The stock has a market cap of $295.83, a PE ratio of 29.27, a PEG ratio of 3.39 and a beta of 0.46. BankFinancial has a 52 week low of $13.13 and a 52 week high of $17.00. 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 (NASDAQ:BFIN) last issued its earnings results on Thursday, October 26th. The bank reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $14.13 million during the quarter, compared to analysts’ expectations of $14.45 million. BankFinancial had a return on equity of 5.09% and a net margin of 17.00%. research analysts anticipate that BankFinancial will post 0.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.08 per share. This is a positive change from BankFinancial’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, November 7th. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. BankFinancial’s dividend payout ratio is presently 57.14%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFIN. FNY Partners Fund LP bought a new position in BankFinancial during the 3rd quarter valued at approximately $124,000. Goldman Sachs Group Inc. bought a new position in BankFinancial during the 2nd quarter valued at approximately $167,000. SG Americas Securities LLC bought a new position in BankFinancial during the 3rd quarter valued at approximately $181,000. Bank of America Corp DE raised its position in BankFinancial by 3.3% during the 1st quarter. Bank of America Corp DE now owns 13,870 shares of the bank’s stock valued at $201,000 after purchasing an additional 447 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in BankFinancial by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,454 shares of the bank’s stock valued at $230,000 after purchasing an additional 946 shares during the last quarter. 63.61% of the stock is owned by institutional investors and hedge funds.

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BankFinancial 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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