[SCHEDULE 13G/A] BankFinancial Corporation SEC Filing
AllianceBernstein L.P. reports beneficial ownership of 986,978 shares of BankFinancial Corp common stock, representing 7.9% of the class. The filing states AllianceBernstein has sole voting and sole dispositive power over these shares and holds them in discretionary investment advisory accounts on behalf of clients. AllianceBernstein indicates the shares were acquired solely for investment purposes and were not acquired to change or influence control, and notes it operates under independent management from its majority owner.
This disclosure is a routine greater-than-5% ownership report that notifies investors of a significant institutional stake and the adviser’s control of voting and disposition for those shares.
- 986,978 shares (7.9%) reported, representing a material institutional stake in BankFinancial Corp
- Sole voting and sole dispositive power reported over the shares and held in discretionary accounts, with acquisition described as solely for investment purposes
- None.
Insights
TL;DR: Institutional holding of 986,978 shares (7.9%) with sole voting and dispositive power; material stake but no stated intent to seek control.
The filing documents a significant passive institutional position: 986,978 shares equal to 7.9% of the outstanding class, with AllianceBernstein reporting sole voting and sole dispositive authority. The position is held in discretionary client accounts and described as acquired solely for investment purposes. For investors, this clarifies who holds a meaningful block of stock and confirms the adviser’s control over vote and disposition, without signalling a control attempt.
TL;DR: 7.9% ownership by an investment adviser with exclusive voting/dispositive powers, disclosed as not intended to influence control.
The statement explicitly records sole voting and dispositive power over a >5% stake and includes a certification that the shares were not acquired to influence control. It also notes AllianceBernstein’s operational independence from its majority owner. From a governance perspective, this is a clear, routine disclosure that increases transparency about who can vote a sizeable block of shares but does not, on its face, indicate coordination or an activist intent.