BURR RIDGE, Ill. - BankFinancial Corporation (NASDAQ:BFIN), the holding company for BankFinancial, NA, has declared a quarterly cash dividend of $0.10 per common share. The dividend is scheduled to be paid on May 24, 2024, to shareholders of record as of May 10, 2024.
The Illinois-based financial institution, which provides a range of banking and financial services, reported assets totaling $1.487 billion as of December 31, 2023. Its loan portfolio amounted to $1.051 billion, with total deposits reaching $1.262 billion and stockholders' equity of $155 million at the end of the last fiscal year.
BankFinancial operates primarily in the Chicago metropolitan area, offering personal banking, wealth management, and fiduciary services. The company also caters to commercial clients with services including commercial finance, equipment finance, commercial real estate finance, and treasury management.
The company's common stock is traded on the Nasdaq Global Select Market under the ticker symbol BFIN. The announcement of the dividend follows BankFinancial's tradition of returning value to its shareholders.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. BankFinancial cautions that a variety of factors could cause actual results to differ from those projected at the time of the release.
The company advises investors to consult its most recent Annual Report on Form 10-K, as well as subsequent filings with the SEC, for a more complete understanding of these risks. The SEC's website and BankFinancial’s website provide free access to these documents.
The information in this article is based on a press release statement from BankFinancial Corporation.
InvestingPro Insights
BankFinancial Corporation (NASDAQ:BFIN) has shown a commitment to shareholder returns, maintaining its dividend payments for an impressive 19 consecutive years. This consistency is a testament to the company's financial stability and its ability to generate sufficient cash flow to support these payments. The latest dividend declaration continues this trend, with the company scheduled to distribute $0.10 per common share in May 2024.
InvestingPro data reveals a market capitalization of $126.23 million for BankFinancial, with a price-to-earnings (P/E) ratio of 13.62. When adjusted for the last twelve months as of Q4 2023, the P/E ratio slightly improves to 13.44.
Moreover, the company's revenue growth has increased by 2.6% in the same period, indicating a steady financial performance. However, it's worth noting that the quarterly revenue growth has seen a decline of 6.22% in Q4 2023.
While BankFinancial has been grappling with weak gross profit margins, as indicated by one of the InvestingPro Tips, the company has been profitable over the last twelve months, which aligns with analysts' predictions that it will continue to be profitable this year. This financial health is further underscored by a substantial dividend yield of 3.98%, as of the latest data available, which is attractive to income-focused investors.
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