BankFinancial (NASDAQ:BFIN)’s share price reached a new 52-week high and low on Wednesday . The stock traded as low as $17.93 and last traded at $17.66, with a volume of 2396 shares trading hands. The stock had previously closed at $17.13.
Several equities analysts recently weighed in on the company. BidaskClub raised BankFinancial from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. ValuEngine raised BankFinancial from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research downgraded BankFinancial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.58.
The company has a market cap of $314.69 million, a price-to-earnings ratio of 23.97, a P/E/G ratio of 2.53 and a beta of 0.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.07 and a quick ratio of 1.07.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Wednesday, May 16th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Tuesday, May 15th. This is a boost from BankFinancial’s previous quarterly dividend of $0.08. BankFinancial’s dividend payout ratio is 57.14%.
BankFinancial announced that its Board of Directors has approved a share repurchase plan on Wednesday, March 28th that authorizes the company to buyback 500,000 outstanding shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other BankFinancial news, EVP James J. Brennan sold 5,000 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $16.54, for a total transaction of $82,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William J. Jr. Deutsch sold 3,707 shares of the stock in a transaction on Friday, May 18th. The shares were sold at an average price of $17.77, for a total value of $65,873.39. Following the sale, the insider now owns 16,723 shares in the company, valued at approximately $297,167.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,930 shares of company stock worth $1,525,199. 15.17% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in BankFinancial by 61.3% during the 3rd quarter. Wells Fargo & Company MN now owns 18,732 shares of the bank’s stock valued at $297,000 after buying an additional 7,118 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of BankFinancial by 17.5% during the fourth quarter. Martingale Asset Management L P now owns 59,206 shares of the bank’s stock worth $909,000 after purchasing an additional 8,800 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of BankFinancial during the fourth quarter worth $334,000. First Quadrant L P CA boosted its holdings in shares of BankFinancial by 110.1% during the fourth quarter. First Quadrant L P CA now owns 54,835 shares of the bank’s stock worth $841,000 after purchasing an additional 28,740 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of BankFinancial by 1.5% during the fourth quarter. Renaissance Technologies LLC now owns 679,200 shares of the bank’s stock worth $10,419,000 after purchasing an additional 9,900 shares during the last quarter. Hedge funds and other institutional investors own 62.08% of the company’s stock.
BankFinancial Company Profile
BankFinancial Corporation operates as the holding company for BankFinancial, National Association that provides commercial, family, and personal banking products and services in Illinois. The company accepts various deposit products, such as savings, NOW, checking, money market, IRA, and other retirement accounts, as well as certificates of deposit.
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