STONECASTLE Fin/COM (BANX) Receives $23.40 Consensus Target Price from Analysts

Shares of STONECASTLE Fin/COM (NASDAQ:BANX) have received an average recommendation of “Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $23.40.

BANX has been the subject of several analyst reports. ValuEngine raised STONECASTLE Fin/COM from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Oppenheimer set a $24.00 target price on STONECASTLE Fin/COM and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research raised STONECASTLE Fin/COM from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, National Securities reissued a “buy” rating and set a $24.00 target price on shares of STONECASTLE Fin/COM in a research note on Monday, May 7th.

STONECASTLE Fin/COM traded down $0.14, hitting $21.76, on Friday, according to MarketBeat.com. 7,181 shares of the company were exchanged, compared to its average volume of 14,121. STONECASTLE Fin/COM has a twelve month low of $20.00 and a twelve month high of $24.92. The stock has a market capitalization of $143.37 million, a price-to-earnings ratio of 13.52 and a beta of 0.18.

STONECASTLE Fin/COM (NASDAQ:BANX) last released its earnings results on Thursday, August 9th. The investment management company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.41. The company had revenue of $4.38 million for the quarter, compared to analyst estimates of $4.25 million. equities research analysts anticipate that STONECASTLE Fin/COM will post 1.62 EPS for the current year.

Several large investors have recently added to or reduced their stakes in BANX. Northwestern Mutual Wealth Management Co. acquired a new position in shares of STONECASTLE Fin/COM during the 2nd quarter worth about $114,000. BB&T Securities LLC boosted its position in shares of STONECASTLE Fin/COM by 21.5% during the 1st quarter. BB&T Securities LLC now owns 19,558 shares of the investment management company’s stock worth $425,000 after acquiring an additional 3,458 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of STONECASTLE Fin/COM by 13.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 115,770 shares of the investment management company’s stock worth $2,518,000 after acquiring an additional 13,894 shares in the last quarter. Greenwich Investment Management Inc. boosted its position in shares of STONECASTLE Fin/COM by 3.1% during the 1st quarter. Greenwich Investment Management Inc. now owns 161,404 shares of the investment management company’s stock worth $3,511,000 after acquiring an additional 4,830 shares in the last quarter. Finally, United Capital Financial Advisers LLC boosted its position in shares of STONECASTLE Fin/COM by 2.9% during the 1st quarter. United Capital Financial Advisers LLC now owns 209,641 shares of the investment management company’s stock worth $4,560,000 after acquiring an additional 6,000 shares in the last quarter. 27.13% of the stock is owned by institutional investors and hedge funds.

STONECASTLE Fin/COM Company Profile

StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies.

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Analyst Recommendations for STONECASTLE Fin/COM (NASDAQ:BANX)

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