BankFinancial (BFIN) Expected to Announce Earnings of $0.19 Per Share

Wall Street brokerages predict that BankFinancial (NASDAQ:BFIN) will report $0.19 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for BankFinancial’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.18. BankFinancial posted earnings per share of $0.10 in the same quarter last year, which suggests a positive year over year growth rate of 90%. The firm is scheduled to report its next earnings results on Wednesday, April 25th.

On average, analysts expect that BankFinancial will report full year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.84 to $0.89. For the next year, analysts anticipate that the firm will post earnings of $0.96 per share, with EPS estimates ranging from $0.95 to $0.97. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover BankFinancial.

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BankFinancial (NASDAQ:BFIN) last issued its quarterly earnings results on Monday, January 29th. The bank reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.03. The firm had revenue of $14.94 million during the quarter, compared to analysts’ expectations of $14.80 million. BankFinancial had a net margin of 14.39% and a return on equity of 5.76%.

Several research firms have recently commented on BFIN. Zacks Investment Research cut shares of BankFinancial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. BidaskClub cut shares of BankFinancial from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Finally, ValuEngine upgraded shares of BankFinancial from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. BankFinancial presently has a consensus rating of “Hold” and an average price target of $17.25.

NASDAQ:BFIN traded up $0.06 during trading hours on Monday, reaching $17.02. 22,915 shares of the company’s stock were exchanged, compared to its average volume of 30,527. The stock has a market cap of $304.13, a P/E ratio of 27.02, a P/E/G ratio of 2.45 and a beta of 0.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.07 and a quick ratio of 1.07. BankFinancial has a 1-year low of $13.97 and a 1-year high of $17.25.

BankFinancial announced that its board has approved a stock buyback program on Wednesday, March 28th that permits the company to repurchase 500,000 shares. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In other news, EVP James J. Brennan sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $16.54, for a total value of $82,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James J. Brennan sold 10,000 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $16.80, for a total transaction of $168,000.00. Following the completion of the sale, the executive vice president now owns 59,251 shares of the company’s stock, valued at approximately $995,416.80. The disclosure for this sale can be found here. Insiders sold a total of 32,528 shares of company stock valued at $543,086 in the last 90 days. Company insiders own 15.45% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of BankFinancial by 0.4% in the 4th quarter. BlackRock Inc. now owns 1,192,688 shares of the bank’s stock worth $18,295,000 after acquiring an additional 5,059 shares during the period. Renaissance Technologies LLC increased its holdings in shares of BankFinancial by 1.5% in the 4th quarter. Renaissance Technologies LLC now owns 679,200 shares of the bank’s stock valued at $10,419,000 after purchasing an additional 9,900 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of BankFinancial by 12.9% in the 4th quarter. Acadian Asset Management LLC now owns 237,042 shares of the bank’s stock valued at $3,637,000 after purchasing an additional 27,092 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BankFinancial by 102.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 215,426 shares of the bank’s stock valued at $3,450,000 after purchasing an additional 108,993 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. increased its holdings in shares of BankFinancial by 26.9% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 127,473 shares of the bank’s stock valued at $1,955,000 after purchasing an additional 27,026 shares in the last quarter. Institutional investors own 61.64% of the company’s stock.

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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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Earnings History and Estimates for BankFinancial (NASDAQ:BFIN)

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