StoneCastle Financial Corp (BANX) Shares Bought by Wells Fargo & Company MN
Wells Fargo & Company MN raised its holdings in shares of StoneCastle Financial Corp (NASDAQ:BANX) by 0.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,362 shares of the investment management company’s stock after buying an additional 1 shares during the quarter. Wells Fargo & Company MN’s holdings in StoneCastle Financial were worth $130,000 as of its most recent SEC filing.
Separately, BB&T Securities LLC acquired a new position in shares of StoneCastle Financial during the second quarter worth approximately $248,000. Hedge funds and other institutional investors own 32.71% of the company’s stock.
StoneCastle Financial Corp (NASDAQ BANX) opened at $20.29 on Monday. The company has a market capitalization of $132.74, a price-to-earnings ratio of 12.92 and a beta of 0.20. StoneCastle Financial Corp has a 12 month low of $18.22 and a 12 month high of $20.95.
StoneCastle Financial (NASDAQ:BANX) last issued its earnings results on Thursday, November 9th. The investment management company reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $4.36 million during the quarter, compared to analyst estimates of $4.40 million. equities research analysts forecast that StoneCastle Financial Corp will post 1.57 EPS for the current fiscal year.
A number of research analysts have recently commented on BANX shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $22.50 price target on shares of StoneCastle Financial in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. set a $21.00 price target on StoneCastle Financial and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research lowered StoneCastle Financial from a “hold” rating to a “sell” rating in a report on Friday, August 11th. JMP Securities upgraded StoneCastle Financial from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a report on Monday, August 14th. Finally, National Securities reiterated a “buy” rating and set a $23.00 price target on shares of StoneCastle Financial in a report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. StoneCastle Financial has an average rating of “Buy” and an average target price of $22.75.
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StoneCastle Financial 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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