Oxbow Advisors LLC trimmed its holdings in shares of STONECASTLE Fin/COM (NASDAQ:BANX) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 266,124 shares of the investment management company’s stock after selling 3,511 shares during the quarter. Oxbow Advisors LLC’s holdings in STONECASTLE Fin/COM were worth $6,092,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. BB&T Securities LLC grew its position in shares of STONECASTLE Fin/COM by 21.5% in the first quarter. BB&T Securities LLC now owns 19,558 shares of the investment management company’s stock valued at $425,000 after purchasing an additional 3,458 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of STONECASTLE Fin/COM by 13.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 115,770 shares of the investment management company’s stock valued at $2,518,000 after purchasing an additional 13,894 shares during the last quarter. Greenwich Investment Management Inc. grew its position in shares of STONECASTLE Fin/COM by 3.1% in the first quarter. Greenwich Investment Management Inc. now owns 161,404 shares of the investment management company’s stock valued at $3,511,000 after purchasing an additional 4,830 shares during the last quarter. Finally, United Capital Financial Advisers LLC grew its position in shares of STONECASTLE Fin/COM by 2.9% in the first quarter. United Capital Financial Advisers LLC now owns 209,641 shares of the investment management company’s stock valued at $4,560,000 after purchasing an additional 6,000 shares during the last quarter. 26.65% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised STONECASTLE Fin/COM from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. National Securities raised their price target on STONECASTLE Fin/COM from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 13th. ValuEngine downgraded STONECASTLE Fin/COM from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Oppenheimer set a $24.00 price target on STONECASTLE Fin/COM and gave the company a “buy” rating in a research report on Friday, May 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $23.75.

Shares of NASDAQ:BANX opened at $22.23 on Tuesday. The stock has a market capitalization of $144.75 million, a PE ratio of 13.98 and a beta of 0.18. STONECASTLE Fin/COM has a 52-week low of $20.00 and a 52-week high of $24.92.

STONECASTLE Fin/COM (NASDAQ:BANX) last issued its quarterly earnings results on Thursday, August 9th. The investment management company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.41. The business had revenue of $4.38 million during the quarter, compared to analyst estimates of $4.25 million. sell-side analysts predict that STONECASTLE Fin/COM will post 1.63 EPS for the current year.

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.

Further Reading: Closed-End Mutual Funds (CEFs)

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Institutional Ownership by Quarter for STONECASTLE Fin/COM (NASDAQ:BANX)

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