BankFinancial Corporation (BFIN) Cut to Hold at Zacks Investment Research

BankFinancial Corporation (NASDAQ:BFIN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, July 3rd.

According to Zacks, “BankFinancial Corporation is the holding company for BankFinancial, F.S.B., a full-service, community-oriented savings bank providing financial services to individuals, families and businesses through eighteen full-service banking offices, located in Cook, DuPage, Lake and Will Counties, Illinois. “

Shares of BankFinancial Corporation (BFIN) traded down 0.20% during trading on Monday, hitting $14.89. 29,495 shares of the stock were exchanged. The stock has a market cap of $272.93 million, a PE ratio of 30.33 and a beta of 0.59. The firm has a 50 day moving average of $15.01 and a 200-day moving average of $14.65. BankFinancial Corporation has a 52-week low of $12.02 and a 52-week high of $15.31.

BankFinancial Corporation (NASDAQ:BFIN) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. The company had revenue of $13.80 million during the quarter, compared to analysts’ expectations of $14.25 million. BankFinancial Corporation had a net margin of 15.58% and a return on equity of 4.55%. Equities research analysts anticipate that BankFinancial Corporation will post $0.58 earnings per share for the current fiscal year.

BankFinancial Corporation announced that its board has authorized a stock repurchase program on Friday, July 28th that allows the company to buyback 250,000 shares. This buyback authorization allows the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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In other BankFinancial Corporation news, CFO Paul A. Cloutier sold 10,000 shares of BankFinancial Corporation stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $14.98, for a total transaction of $149,800.00. Following the transaction, the chief financial officer now owns 67,991 shares of the company’s stock, valued at $1,018,505.18. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Paul A. Cloutier sold 22,195 shares of BankFinancial Corporation stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $15.12, for a total value of $335,588.40. Following the transaction, the chief financial officer now directly owns 86,705 shares in the company, valued at approximately $1,310,979.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,068 shares of company stock valued at $1,158,060. 15.45% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. A.R.T. Advisors LLC acquired a new position in BankFinancial Corporation during the fourth quarter valued at $152,000. Renaissance Technologies LLC increased its position in BankFinancial Corporation by 6.0% in the fourth quarter. Renaissance Technologies LLC now owns 587,800 shares of the bank’s stock valued at $8,711,000 after buying an additional 33,100 shares during the period. Russell Investments Group Ltd. acquired a new position in BankFinancial Corporation during the fourth quarter valued at $200,000. Martingale Asset Management L P increased its position in BankFinancial Corporation by 8.6% in the fourth quarter. Martingale Asset Management L P now owns 44,006 shares of the bank’s stock valued at $653,000 after buying an additional 3,500 shares during the period. Finally, Cigna Investments Inc. New acquired a new position in BankFinancial Corporation during the fourth quarter valued at $283,000. 61.83% of the stock is currently owned by hedge funds and other institutional investors.

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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