Bank of America Corp DE increased its stake in BankFinancial Co. (NASDAQ:BFIN) by 2.5% during the second quarter, HoldingsChannel reports. The firm owned 61,529 shares of the bank’s stock after acquiring an additional 1,498 shares during the period. Bank of America Corp DE’s holdings in BankFinancial were worth $860,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake in BankFinancial by 312.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 9,879 shares of the bank’s stock valued at $137,000 after buying an additional 7,481 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in BankFinancial in the 2nd quarter valued at approximately $147,000. Marshall Wace LLP purchased a new position in BankFinancial in the 1st quarter valued at approximately $200,000. Stone Ridge Asset Management LLC grew its stake in BankFinancial by 30.5% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 15,406 shares of the bank’s stock valued at $216,000 after buying an additional 3,602 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in BankFinancial by 10.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 33,244 shares of the bank’s stock valued at $466,000 after buying an additional 3,223 shares in the last quarter. 67.02% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of BankFinancial from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of BankFinancial from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday. Finally, TheStreet lowered shares of BankFinancial from a “b” rating to a “c+” rating in a research note on Monday, July 29th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.
BFIN opened at $12.56 on Tuesday. The company has a fifty day moving average price of $12.06 and a 200-day moving average price of $13.28. The firm has a market capitalization of $190.48 million, a P/E ratio of 14.60 and a beta of 0.37. BankFinancial Co. has a one year low of $11.10 and a one year high of $16.06.
BankFinancial (NASDAQ:BFIN) last released its quarterly earnings results on Monday, October 21st. The bank reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $14.72 million during the quarter, compared to analyst estimates of $14.40 million. BankFinancial had a net margin of 19.87% and a return on equity of 8.84%. Research analysts forecast that BankFinancial Co. will post 1.01 earnings per share for the current year.
In other news, Director Thomas F. Oneill sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $12.19, for a total transaction of $36,570.00. Following the completion of the transaction, the director now directly owns 4,260 shares in the company, valued at approximately $51,929.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.05% of the stock is owned by insiders.
BankFinancial Corporation operates as the bank holding company for BankFinancial, National Association that provides commercial, family, and personal banking products and services in Illinois. The company accepts various deposit products, including savings, NOW, checking, money market, IRA, and other retirement accounts, as well as certificates of deposit.
Featured Article: Asset Allocation Models, Which is Right For You?
Want to see what other hedge funds are holding BFIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BankFinancial Co. (NASDAQ:BFIN).
Receive News & Ratings for BankFinancial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankFinancial and related companies with MarketBeat.com's FREE daily email newsletter.