StoneCastle Financial Corp (NASDAQ:BANX) Earning Somewhat Favorable Media Coverage, Analysis Finds
News stories about StoneCastle Financial Corp (NASDAQ:BANX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. StoneCastle Financial Corp earned a news impact score of 0.08 on Accern’s scale. Accern also assigned press coverage about the investment management company an impact score of 47.5744906215085 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- StoneCastle Financial Corp (BANX) Upgraded at JMP Securities (americanbankingnews.com)
- Oppenheimer Holdings Weighs in on StoneCastle Financial Corp’s Q3 2017 Earnings (NASDAQ:BANX) (americanbankingnews.com)
- American Capital Senior Floating (ACSF) versus StoneCastle Financial Corp (NASDAQ:BANX) Financial Review (americanbankingnews.com)
- StoneCastle Financial’s (BANX) CEO Josh Siegel on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- StoneCastle Financial Corp (BANX) Downgraded by Zacks Investment Research to “Sell” (americanbankingnews.com)
BANX has been the subject of a number of recent analyst reports. National Securities restated a “buy” rating and set a $23.00 price objective on shares of StoneCastle Financial Corp in a report on Monday, May 8th. Oppenheimer Holdings, Inc. set a $21.00 price objective on StoneCastle Financial Corp and gave the company a “buy” rating in a report on Tuesday, May 9th. Zacks Investment Research cut StoneCastle Financial Corp from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Keefe, Bruyette & Woods restated a “buy” rating and set a $22.50 price objective on shares of StoneCastle Financial Corp in a report on Thursday, August 10th. Finally, JMP Securities upgraded StoneCastle Financial Corp from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a report on Monday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $22.10.
Shares of StoneCastle Financial Corp (BANX) opened at 20.34 on Tuesday. The firm’s 50-day moving average price is $20.35 and its 200-day moving average price is $19.99. StoneCastle Financial Corp has a 12 month low of $17.68 and a 12 month high of $20.95.
StoneCastle Financial Corp (NASDAQ:BANX) last issued its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by $0.02. The company had revenue of $4.26 million during the quarter, compared to the consensus estimate of $4.44 million. On average, analysts predict that StoneCastle Financial Corp will post $1.70 EPS for the current year.
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.
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