Shares of StoneCastle Financial Corp (NASDAQ:BANX) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $24.00.
Several research analysts recently issued reports on BANX shares. Oppenheimer set a $24.00 target price on shares of StoneCastle Financial and gave the stock a “buy” rating in a research report on Sunday, November 4th. Zacks Investment Research lowered shares of StoneCastle Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. National Securities reiterated a “buy” rating and issued a $25.00 target price on shares of StoneCastle Financial in a research report on Monday, November 5th. JMP Securities reiterated a “buy” rating and issued a $24.00 target price on shares of StoneCastle Financial in a research report on Monday, December 10th. Finally, ValuEngine downgraded shares of StoneCastle Financial from a “buy” rating to a “hold” rating in a research note on Monday, December 17th.
NASDAQ:BANX traded up $0.11 during midday trading on Tuesday, hitting $20.75. The company had a trading volume of 2,738 shares, compared to its average volume of 11,877. StoneCastle Financial has a 52-week low of $16.75 and a 52-week high of $24.92. The firm has a market capitalization of $136.90 million, a PE ratio of 13.05 and a beta of 0.44.
About StoneCastle Financial
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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