Notable Runner: Could BankFinancial Corporation Change Direction After Making 52-Week High?

Notable Runner: Could BankFinancial Corporation Change Direction After Making 52 Week High?

The stock of BankFinancial Corporation (NASDAQ:BFIN) hit a new 52-week high and has $15.62 target or 8.00% above today’s $14.46 share price. The 5 months bullish chart indicates low risk for the $274.57 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $15.62 price target is reached, the company will be worth $21.97 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 18,326 shares traded hands. BankFinancial Corporation (NASDAQ:BFIN) has risen 12.44% since April 28, 2016 and is uptrending. It has outperformed by 6.51% the S&P500.

Analysts await BankFinancial Corporation (NASDAQ:BFIN) to report earnings on February, 6. BFIN’s profit will be $2.28M for 30.13 P/E if the $0.12 EPS becomes a reality. After $0.13 actual earnings per share reported by BankFinancial Corporation for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

According to Zacks Investment Research, “BankFinancial Corporation is the holding company for BankFinancial, F.S.B., a full-service, community-oriented savings bank providing financial services to individuals, families and businesses through eighteen full-service banking offices, located in Cook, DuPage, Lake and Will Counties, Illinois.”

Insitutional Activity: The institutional sentiment decreased to 0.65 in Q2 2016. Its down 0.50, from 1.15 in 2016Q1. The ratio is negative, as 2 funds sold all BankFinancial Corporation shares owned while 24 reduced positions. 8 funds bought stakes while 22 increased positions. They now own 11.13 million shares or 4.79% less from 11.69 million shares in 2016Q1.
California State Teachers Retirement Systems holds 0% or 31,843 shares in its portfolio. Basswood Ltd Co reported 138,923 shares or 0.1% of all its holdings. The Massachusetts-based Loomis Sayles Lp has invested 0% in BankFinancial Corporation (NASDAQ:BFIN). Geode Mngmt Limited Liability Corporation accumulated 124,329 shares or 0% of the stock. Citigroup has 0% invested in the company for 37 shares. Wells Fargo Mn has invested 0% of its portfolio in BankFinancial Corporation (NASDAQ:BFIN). Vanguard Grp accumulated 642,800 shares or 0% of the stock. Fifth Third Bank accumulated 190 shares or 0% of the stock. Moreover, Martingale Asset Limited Partnership has 0% invested in BankFinancial Corporation (NASDAQ:BFIN) for 13,206 shares. Parametric Port Associates Ltd Limited Liability Company accumulated 0% or 42,925 shares. Blackrock Institutional Trust Na has invested 0% of its portfolio in BankFinancial Corporation (NASDAQ:BFIN). Deprince Race & Zollo Inc last reported 631,468 shares in the company. Invesco Limited reported 15,313 shares or 0% of all its holdings. California Employees Retirement holds 0% or 58,000 shares in its portfolio. Banc Funds Ltd accumulated 295,471 shares or 0.21% of the stock.

Another recent and important BankFinancial Corporation (NASDAQ:BFIN) news was published by Nasdaq.com which published an article titled: “BankFinancial Converts to National Bank Charter” on November 30, 2016.

BFIN Company Profile

BankFinancial Corporation, incorporated on October 23, 2004, is the bank holding firm for BankFinancial, F.S.B. (the Bank). The Bank is a full-service, community-oriented federal savings bank principally engaged in the business of commercial, family and personal banking. The Bank offers its clients a range of loan, deposit and other financial services and products through approximately 19 full-service Illinois banking offices located in Cook, DuPage, Lake and Will Counties, and through its Internet branch, www.bankfinancial.com. The Bank also offers its clients a range of financial services and products that are related or ancillary to loans and deposits, including cash management, funds transfers, bill payment, and other online and mobile banking transactions, automated teller machines, safe deposit boxes, trust services, wealth management and general insurance agency services.

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