F Morgan Gasior Sells 35,000 Shares of BankFinancial (BFIN) Stock

BankFinancial (NASDAQ:BFIN) CEO F Morgan Gasior sold 35,000 shares of BankFinancial stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $17.24, for a total transaction of $603,400.00. Following the transaction, the chief executive officer now owns 102,037 shares in the company, valued at approximately $1,759,117.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ BFIN opened at $17.52 on Friday. BankFinancial has a twelve month low of $13.97 and a twelve month high of $17.82. The firm has a market cap of $314.87 million, a P/E ratio of 27.81, a PEG ratio of 2.54 and a beta of 0.42. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.31.

BankFinancial (NASDAQ:BFIN) last announced its earnings results on Monday, April 30th. The bank reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. BankFinancial had a net margin of 16.70% and a return on equity of 6.63%. The business had revenue of $14.56 million during the quarter, compared to the consensus estimate of $14.65 million. research analysts predict that BankFinancial will post 0.88 EPS for the current fiscal year.

BankFinancial declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 28th that permits the company to buyback 500,000 shares. This buyback authorization permits the bank to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Wednesday, May 16th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Tuesday, May 15th. This is an increase from BankFinancial’s previous quarterly dividend of $0.08. BankFinancial’s dividend payout ratio (DPR) is currently 57.14%.

A number of hedge funds and other institutional investors have recently made changes to their positions in BFIN. Beese Fulmer Investment Management Inc. bought a new position in BankFinancial during the fourth quarter worth $177,000. Stone Ridge Asset Management LLC bought a new position in BankFinancial during the fourth quarter worth $276,000. Goldman Sachs Group Inc. raised its stake in BankFinancial by 44.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 18,939 shares of the bank’s stock worth $291,000 after buying an additional 5,845 shares during the last quarter. Wells Fargo & Company MN raised its stake in BankFinancial by 61.3% during the third quarter. Wells Fargo & Company MN now owns 18,732 shares of the bank’s stock worth $297,000 after buying an additional 7,118 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in BankFinancial during the fourth quarter worth $334,000. 62.09% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on BFIN. Zacks Investment Research upgraded shares of BankFinancial from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Tuesday, May 8th. BidaskClub downgraded shares of BankFinancial from a “buy” rating to a “hold” rating in a research note on Friday, April 6th. Finally, ValuEngine raised shares of BankFinancial from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BankFinancial has a consensus rating of “Buy” and an average target price of $17.58.

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.

Insider Buying and Selling by Quarter for BankFinancial (NASDAQ:BFIN)

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