DA Davidson Begins Coverage on BankFinancial (NASDAQ:BFIN)

DA Davidson started coverage on shares of BankFinancial (NASDAQ:BFIN) in a research report report published on Friday morning, Stock Target Advisor reports. The firm issued a hold rating and a $14.00 price target on the bank’s stock. DA Davidson also issued estimates for BankFinancial’s FY2020 earnings at $0.77 EPS and FY2021 earnings at $0.85 EPS.

Separately, Zacks Investment Research cut shares of BankFinancial from a buy rating to a hold rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has an average rating of Hold and an average price target of $14.00.

Shares of BFIN opened at $11.96 on Friday. BankFinancial has a one year low of $11.10 and a one year high of $16.06. The company has a 50-day moving average of $12.52 and a two-hundred day moving average of $12.58. The stock has a market cap of $187.56 million, a price-to-earnings ratio of 15.95 and a beta of 0.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04.

BankFinancial (NASDAQ:BFIN) last posted its quarterly earnings results on Tuesday, February 18th. The bank reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $14.28 million during the quarter, compared to analysts’ expectations of $14.00 million. BankFinancial had a net margin of 16.31% and a return on equity of 9.25%. Analysts anticipate that BankFinancial will post 0.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Tuesday, February 11th. BankFinancial’s dividend payout ratio is currently 38.83%.

Several hedge funds have recently bought and sold shares of BFIN. Citigroup Inc. boosted its holdings in shares of BankFinancial by 52.1% during the fourth quarter. Citigroup Inc. now owns 2,794 shares of the bank’s stock worth $37,000 after purchasing an additional 957 shares during the period. Marshall Wace LLP acquired a new stake in shares of BankFinancial during the first quarter worth approximately $200,000. Barclays PLC boosted its holdings in shares of BankFinancial by 76.5% during the fourth quarter. Barclays PLC now owns 16,176 shares of the bank’s stock worth $211,000 after purchasing an additional 7,011 shares during the period. Rhumbline Advisers boosted its holdings in shares of BankFinancial by 11.0% during the third quarter. Rhumbline Advisers now owns 21,116 shares of the bank’s stock worth $251,000 after purchasing an additional 2,094 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of BankFinancial by 8.0% during the third quarter. Squarepoint Ops LLC now owns 23,008 shares of the bank’s stock worth $274,000 after purchasing an additional 1,708 shares during the period. Institutional investors and hedge funds own 60.00% of the company’s stock.

About BankFinancial

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.

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