StoneCastle Financial Corp (NASDAQ:BANX) – Research analysts at Oppenheimer Holdings decreased their Q2 2017 EPS estimates for shares of StoneCastle Financial Corp in a research note issued on Tuesday. Oppenheimer Holdings analyst B. Chittenden now expects that the investment management company will post earnings of $0.40 per share for the quarter, down from their prior estimate of $0.41. Oppenheimer Holdings currently has a “Buy” rating and a $21.00 price target on the stock. Oppenheimer Holdings also issued estimates for StoneCastle Financial Corp’s Q3 2017 earnings at $0.44 EPS and Q4 2017 earnings at $0.44 EPS.
StoneCastle Financial Corp (NASDAQ:BANX) last announced its quarterly earnings results on Tuesday, February 28th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $4.21 million for the quarter, compared to analyst estimates of $4.30 million.
A number of other research firms also recently issued reports on BANX. National Securities increased their target price on shares of StoneCastle Financial Corp from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, March 3rd. Zacks Investment Research downgraded shares of StoneCastle Financial Corp from a “hold” rating to a “sell” rating in a research report on Tuesday.
Shares of StoneCastle Financial Corp (NASDAQ:BANX) opened at 19.88 on Wednesday. The firm’s 50 day moving average is $19.85 and its 200-day moving average is $19.27. The firm has a market capitalization of $129.78 million, a PE ratio of 11.59 and a beta of 0.21. StoneCastle Financial Corp has a 12 month low of $15.95 and a 12 month high of $20.74.
A number of hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN purchased a new stake in shares of StoneCastle Financial Corp during the third quarter valued at about $119,000. Brown Advisory Inc. purchased a new stake in shares of StoneCastle Financial Corp during the fourth quarter valued at about $197,000. Baird Financial Group Inc. increased its stake in shares of StoneCastle Financial Corp by 8.7% in the first quarter. Baird Financial Group Inc. now owns 15,939 shares of the investment management company’s stock valued at $321,000 after buying an additional 1,279 shares during the period. M3F Inc. increased its stake in shares of StoneCastle Financial Corp by 1.5% in the fourth quarter. M3F Inc. now owns 101,486 shares of the investment management company’s stock valued at $1,897,000 after buying an additional 1,486 shares during the period. Finally, Oxbow Advisors LLC increased its stake in shares of StoneCastle Financial Corp by 31.5% in the third quarter. Oxbow Advisors LLC now owns 192,562 shares of the investment management company’s stock valued at $3,594,000 after buying an additional 46,151 shares during the period. 31.14% of the stock is owned by institutional investors.
In other news, Director Clara Miller acquired 2,000 shares of the stock in a transaction on Wednesday, March 8th. The stock was bought at an average price of $20.07 per share, with a total value of $40,140.00. Following the completion of the transaction, the director now directly owns 1,938 shares of the company’s stock, valued at $38,895.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.02% of the stock is owned by company insiders.
StoneCastle Financial Corp Company Profile
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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