StoneCastle Financial Corp (NASDAQ:BANX) – Equities researchers at Oppenheimer Holdings decreased their FY2018 earnings per share estimates for shares of StoneCastle Financial Corp in a research note issued to investors on Thursday. Oppenheimer Holdings analyst B. Chittenden now anticipates that the investment management company will post earnings per share of $1.68 for the year, down from their previous estimate of $1.73. Oppenheimer Holdings currently has a “Buy” rating and a $21.00 price target on the stock.

StoneCastle Financial Corp (NASDAQ:BANX) last released its earnings results on Wednesday, August 9th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $4.26 million for the quarter, compared to analyst estimates of $4.44 million.

TRADEMARK VIOLATION NOTICE: “Oppenheimer Holdings Brokers Lower Earnings Estimates for StoneCastle Financial Corp (BANX)” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.watchlistnews.com/oppenheimer-holdings-brokers-lower-earnings-estimates-for-stonecastle-financial-corp-banx/1473587.html.

A number of other brokerages have also commented on BANX. National Securities restated a “buy” rating and set a $23.00 price target on shares of StoneCastle Financial Corp in a research note on Monday, May 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $22.50 price target on shares of StoneCastle Financial Corp in a research note on Thursday. Finally, Zacks Investment Research lowered shares of StoneCastle Financial Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th.

StoneCastle Financial Corp (NASDAQ BANX) traded up 0.667% on Friday, reaching $20.375. 7,506 shares of the company were exchanged. StoneCastle Financial Corp has a 12-month low of $17.68 and a 12-month high of $20.95. The company’s 50-day moving average price is $20.33 and its 200-day moving average price is $19.97.

A number of hedge funds have recently made changes to their positions in the stock. Fenimore Asset Management Inc. raised its stake in shares of StoneCastle Financial Corp by 0.4% in the first quarter. Fenimore Asset Management Inc. now owns 247,497 shares of the investment management company’s stock worth $4,989,000 after buying an additional 1,073 shares during the period. Oxbow Advisors LLC raised its stake in shares of StoneCastle Financial Corp by 25.7% in the first quarter. Oxbow Advisors LLC now owns 241,882 shares of the investment management company’s stock worth $4,876,000 after buying an additional 49,466 shares during the period. Greenwich Investment Management Inc. raised its stake in shares of StoneCastle Financial Corp by 25.6% in the first quarter. Greenwich Investment Management Inc. now owns 132,321 shares of the investment management company’s stock worth $2,667,000 after buying an additional 26,930 shares during the period. Stifel Financial Corp raised its stake in shares of StoneCastle Financial Corp by 12.8% in the first quarter. Stifel Financial Corp now owns 57,709 shares of the investment management company’s stock worth $1,161,000 after buying an additional 6,564 shares during the period. Finally, Bard Associates Inc. acquired a new stake in shares of StoneCastle Financial Corp during the second quarter worth approximately $422,000. Institutional investors and hedge funds own 34.92% 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.

Receive News & Ratings for StoneCastle Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneCastle Financial Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.