Analysts forecast that BankFinancial Corporation (NASDAQ:BFIN) will announce $14.80 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for BankFinancial Corporation’s earnings, with the lowest sales estimate coming in at $14.70 million and the highest estimate coming in at $14.90 million. BankFinancial Corporation reported sales of $13.37 million during the same quarter last year, which indicates a positive year over year growth rate of 10.7%. The firm is expected to report its next earnings results on Monday, January 29th.
On average, analysts expect that BankFinancial Corporation will report full-year sales of $14.80 million for the current financial year, with estimates ranging from $56.23 million to $56.50 million. For the next financial year, analysts forecast that the business will report sales of $61.86 million per share, with estimates ranging from $61.42 million to $62.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover BankFinancial Corporation.
BankFinancial Corporation (NASDAQ:BFIN) last posted its quarterly earnings data on Thursday, October 26th. The bank reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $14.13 million for the quarter, compared to analysts’ expectations of $14.45 million.
Several analysts have issued reports on the company. Zacks Investment Research lowered BankFinancial Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. DA Davidson lowered BankFinancial Corporation from a “buy” rating to a “neutral” rating and set a $16.75 target price on the stock. in a research note on Thursday, September 28th. BidaskClub upgraded BankFinancial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, FIG Partners upgraded BankFinancial Corporation from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $16.00 to $17.00 in a research note on Monday, July 31st.
Institutional investors and hedge funds have recently modified their holdings of the business. FNY Partners Fund LP bought a new stake in shares of BankFinancial Corporation in the third quarter valued at $124,000. American International Group Inc. raised its stake in shares of BankFinancial Corporation by 7.3% during the 1st quarter. American International Group Inc. now owns 9,365 shares of the bank’s stock valued at $136,000 after purchasing an additional 634 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of BankFinancial Corporation during the 2nd quarter valued at $167,000. SG Americas Securities LLC bought a new stake in shares of BankFinancial Corporation during the 3rd quarter valued at $181,000. Finally, Bank of America Corp DE raised its stake in shares of BankFinancial Corporation 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 period. Hedge funds and other institutional investors own 63.39% of the company’s stock.
BankFinancial Corporation (BFIN) opened at $15.36 on Tuesday. The firm has a market capitalization of $275.98, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 3.16 and a beta of 0.47. 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 1 year low of $13.13 and a 1 year high of $16.89.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Wednesday, November 8th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, November 7th. This is a positive change from BankFinancial Corporation’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 2.08%. BankFinancial Corporation’s payout ratio is presently 57.14%.
BankFinancial Corporation announced that its Board of Directors has initiated a stock buyback 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. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
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About BankFinancial Corporation
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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