BankFinancial Co. (BFIN) to Issue $0.10 Quarterly Dividend

BankFinancial Co. (NASDAQ:BFIN) declared a quarterly dividend on Monday, October 29th, Wall Street Journal reports. Investors of record on Wednesday, November 7th will be paid a dividend of 0.10 per share by the bank on Friday, November 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Tuesday, November 6th.

BankFinancial has increased its dividend payment by an average of 51.8% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. BankFinancial has a dividend payout ratio of 44.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BankFinancial to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 42.1%.

Shares of BankFinancial stock opened at $14.15 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.06 and a current ratio of 1.06. BankFinancial has a twelve month low of $13.91 and a twelve month high of $18.62. The firm has a market capitalization of $245.60 million, a P/E ratio of 22.46, a PEG ratio of 1.96 and a beta of 0.39.

BankFinancial (NASDAQ:BFIN) last released its quarterly earnings data on Tuesday, October 16th. The bank reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. BankFinancial had a return on equity of 7.84% and a net margin of 18.99%. The company had revenue of $14.54 million for the quarter, compared to analyst estimates of $15.00 million. As a group, equities research analysts predict that BankFinancial will post 0.9 EPS for the current year.

A hedge fund recently raised its stake in BankFinancial stock. Bank of New York Mellon Corp raised its stake in BankFinancial Co. (NASDAQ:BFIN) by 4.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,573 shares of the bank’s stock after purchasing an additional 4,839 shares during the quarter. Bank of New York Mellon Corp owned about 0.63% of BankFinancial worth $1,934,000 at the end of the most recent quarter. 65.16% of the stock is owned by institutional investors and hedge funds.

BFIN has been the topic of several research reports. Zacks Investment Research raised BankFinancial from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Friday, August 3rd. BidaskClub raised BankFinancial from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. ValuEngine lowered BankFinancial from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, FIG Partners reissued an “outperform” rating on shares of BankFinancial in a research report on Monday, August 6th.

About BankFinancial

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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Dividend History for BankFinancial (NASDAQ:BFIN)

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