Oppenheimer Holdings, Inc. set a $22.00 price target on StoneCastle Financial Corp (NASDAQ:BANX) in a research note published on Monday. The brokerage currently has a buy rating on the investment management company’s stock.
Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods restated a buy rating and issued a $22.50 price target on shares of StoneCastle Financial Corp in a report on Thursday, August 10th. National Securities restated a buy rating and issued a $23.00 price target on shares of StoneCastle Financial Corp in a report on Monday. Zacks Investment Research lowered shares of StoneCastle Financial Corp from a hold rating to a sell rating in a report on Monday. Finally, JMP Securities upgraded shares of StoneCastle Financial Corp from a market perform rating to an outperform rating and set a $23.00 price target for the company in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $22.75.
StoneCastle Financial Corp (NASDAQ BANX) traded up $0.12 during trading on Monday, reaching $20.48. 8,900 shares of the company’s stock traded hands, compared to its average volume of 12,403. The stock has a market cap of $133.99, a PE ratio of 12.97 and a beta of 0.20. StoneCastle Financial Corp has a 12 month low of $18.05 and a 12 month high of $20.95.
StoneCastle Financial Corp (NASDAQ:BANX) last released its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $4.36 million during the quarter, compared to analysts’ expectations of $4.40 million. analysts anticipate that StoneCastle Financial Corp will post 1.58 EPS for the current year.
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A number of institutional investors have recently modified their holdings of BANX. Stifel Financial Corp increased its stake in StoneCastle Financial Corp by 62.8% during the 2nd quarter. Stifel Financial Corp now owns 93,954 shares of the investment management company’s stock valued at $1,914,000 after purchasing an additional 36,245 shares in the last quarter. Bard Associates Inc. acquired a new position in StoneCastle Financial Corp during the 2nd quarter valued at approximately $422,000. Macquarie Group Ltd. acquired a new position in StoneCastle Financial Corp during the 3rd quarter valued at approximately $274,000. BB&T Securities LLC acquired a new position in StoneCastle Financial Corp during the 2nd quarter valued at approximately $248,000. Finally, Wells Fargo & Company MN increased its stake in StoneCastle Financial Corp by 75.2% during the 3rd quarter. Wells Fargo & Company MN now owns 11,147 shares of the investment management company’s stock valued at $230,000 after purchasing an additional 4,785 shares in the last quarter. Institutional investors and hedge funds own 32.05% of the company’s stock.
About StoneCastle Financial Corp
StoneCastle Financial Corp. is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to provide stockholders with current income, and to a lesser extent capital appreciation. The Company generally invests in the senior debt, subordinated debt, preferred shares and common stock of community banks.
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