Schwab Charles Investment Management Inc. Has $410,000 Holdings in BankFinancial Corporation (BFIN)

Schwab Charles Investment Management Inc. continued to hold its stake in BankFinancial Corporation (NASDAQ:BFIN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,200 shares of the bank’s stock at the close of the first quarter. Schwab Charles Investment Management Inc. owned approximately 0.15% of BankFinancial Corporation worth $410,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC increased its holdings in BankFinancial Corporation by 3.1% during the 1st quarter. Acadian Asset Management LLC now owns 151,298 shares of the bank’s stock worth $2,198,000 after purchasing an additional 4,534 shares during the period. Russell Investments Group Ltd. increased its holdings in BankFinancial Corporation by 12.1% during the 1st quarter. Russell Investments Group Ltd. now owns 15,120 shares of the bank’s stock worth $220,000 after purchasing an additional 1,631 shares during the period. Bank of New York Mellon Corp boosted its position in BankFinancial Corporation by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 101,596 shares of the bank’s stock valued at $1,475,000 after acquiring an additional 2,241 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in BankFinancial Corporation by 4.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 15,381 shares of the bank’s stock valued at $223,000 after acquiring an additional 725 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in BankFinancial Corporation by 3.0% during the 1st quarter. Martingale Asset Management L P now owns 45,306 shares of the bank’s stock valued at $658,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 62.37% of the company’s stock.

BFIN has been the topic of several recent research reports. BidaskClub upgraded BankFinancial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded BankFinancial Corporation from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Friday, June 2nd. Finally, FIG Partners upgraded BankFinancial Corporation from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $16.00 to $17.00 in a research note on Monday, July 31st.

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In related news, EVP James J. Brennan sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $16.06, for a total transaction of $240,900.00. Following the completion of the transaction, the executive vice president now directly owns 73,635 shares in the company, valued at approximately $1,182,578.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Paul A. Cloutier sold 10,000 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $14.98, for a total transaction of $149,800.00. Following the completion of the transaction, the chief financial officer now owns 67,991 shares of the company’s stock, valued at approximately $1,018,505.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,000 shares of company stock valued at $469,350. Corporate insiders own 15.45% of the company’s stock.

Shares of BankFinancial Corporation (BFIN) opened at 16.06 on Friday. BankFinancial Corporation has a 12-month low of $12.15 and a 12-month high of $16.36. The firm has a market capitalization of $294.38 million, a PE ratio of 32.71 and a beta of 0.58. The company has a 50-day moving average price of $15.89 and a 200 day moving average price of $15.06.

BankFinancial Corporation (NASDAQ:BFIN) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $13.80 million for the quarter, compared to the consensus estimate of $14.25 million. BankFinancial Corporation had a return on equity of 4.55% and a net margin of 15.58%. On average, equities analysts expect that BankFinancial Corporation will post $0.60 earnings per share for the current year.

BankFinancial Corporation declared that its Board of Directors has initiated a share repurchase plan on Friday, July 28th that allows the company to repurchase 250,000 shares. This repurchase authorization allows the bank to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Wednesday, August 9th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.74%. The ex-dividend date was Monday, August 7th. BankFinancial Corporation’s payout ratio is currently 57.14%.

About BankFinancial Corporation

BankFinancial Corporation is the bank holding company for BankFinancial, National Association (the Bank). The Bank is a full-service, community-oriented national bank principally engaged in the business of commercial, family and personal banking. The Bank offers its customers a range of loan, deposit and other financial products and services through its full-service Illinois-based banking offices located in Cook, DuPage, Lake and Will Counties, and through its Internet branch, www.bankfinancial.com.

Institutional Ownership by Quarter for BankFinancial Corporation (NASDAQ:BFIN)

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