Janney Montgomery analyst Brian Martin has maintained their neutral stance on BFIN stock, giving a Hold rating today.
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Brian Martin’s rating is based on the recent announcement that BankFinancial Corporation (BFIN) is set to be acquired by First Financial Bancorp (FFBC) in an all-stock transaction. This acquisition, valued at approximately $142 million or $11.34 per share, represents about 91% of BFIN’s tangible book value. The exchange ratio for the transaction is set at 0.48 FFBC shares for each BFIN share, with the deal expected to close in the fourth quarter of 2025.
Given the strategic nature of the acquisition, which aims to expand FFBC’s presence in the Chicago metropolitan statistical area, Brian Martin has opted for a Hold rating. The transaction will result in a pro forma ownership structure where FFBC holds 94% and BFIN holds 6%. The lack of a conference call and the fact that the transaction represents a small portion of FFBC’s market cap have also contributed to the decision to maintain a neutral stance. As a result, estimates are currently under review.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $11.50 price target.