Connor Clark & Lunn Investment Management Ltd. bought a new stake in BankFinancial Co. (NASDAQ:BFIN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,525 shares of the bank’s stock, valued at approximately $147,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of BankFinancial as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its holdings in shares of BankFinancial by 429.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,706 shares of the bank’s stock worth $40,000 after purchasing an additional 2,195 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in BankFinancial by 312.0% in the second 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 during the period. O Shaughnessy Asset Management LLC raised its position in shares of BankFinancial by 248.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 12,209 shares of the bank’s stock worth $182,000 after purchasing an additional 8,708 shares during the period. Marshall Wace LLP acquired a new position in shares of BankFinancial during the first quarter worth approximately $200,000. Finally, Stone Ridge Asset Management LLC raised its position in shares of BankFinancial by 30.5% during the second quarter. Stone Ridge Asset Management LLC now owns 15,406 shares of the bank’s stock worth $216,000 after purchasing an additional 3,602 shares during the period. Hedge funds and other institutional investors own 66.90% of the company’s stock.
Shares of BFIN stock traded down $0.04 on Friday, hitting $12.20. 1,111 shares of the stock were exchanged, compared to its average volume of 32,587. The firm’s 50 day moving average is $12.14 and its two-hundred day moving average is $13.99. The firm has a market capitalization of $183.72 million, a PE ratio of 14.26, a P/E/G ratio of 1.49 and a beta of 0.38. BankFinancial Co. has a one year low of $11.10 and a one year high of $16.18.
BankFinancial (NASDAQ:BFIN) last issued its quarterly earnings data on Monday, July 29th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.07. BankFinancial had a return on equity of 8.57% and a net margin of 19.92%. The business had revenue of $14.53 million for the quarter, compared to analysts’ expectations of $14.95 million. Sell-side analysts expect that BankFinancial Co. will post 1 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Wednesday, August 7th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.28%. BankFinancial’s dividend payout ratio is 46.51%.
In related news, Director Thomas F. Oneill sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $12.19, for a total transaction of $36,570.00. Following the transaction, the director now directly owns 4,260 shares of the company’s stock, valued at approximately $51,929.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.05% of the company’s stock.
A number of equities research analysts recently commented on the company. ValuEngine lowered BankFinancial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 6th. TheStreet downgraded BankFinancial from a “b” rating to a “c+” rating in a research note on Monday, July 29th. Finally, Zacks Investment Research downgraded BankFinancial from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.00.
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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