Keefe, Bruyette & Woods restated their buy rating on shares of StoneCastle Financial Corp (NASDAQ:BANX) in a research note published on Friday. They currently have a $23.00 price target on the investment management company’s stock.

Other equities analysts also recently issued research reports about the stock. Oppenheimer Holdings, Inc. set a $21.00 price objective on shares of StoneCastle Financial Corp and gave the company a buy rating in a research note on Thursday, August 10th. National Securities reissued a buy rating and issued a $23.00 price objective on shares of StoneCastle Financial Corp in a research note on Tuesday, August 15th. JMP Securities raised shares of StoneCastle Financial Corp from a market perform rating to an outperform rating and set a $23.00 price objective for the company in a research note on Monday, August 14th. Finally, Zacks Investment Research downgraded shares of StoneCastle Financial Corp from a hold rating to a sell rating in a research note on Friday, August 11th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $22.50.

StoneCastle Financial Corp (NASDAQ:BANX) opened at $20.36 on Friday. StoneCastle Financial Corp has a 52 week low of $17.81 and a 52 week high of $20.95. The company has a market cap of $133.20, a PE ratio of 12.97 and a beta of 0.20.

StoneCastle Financial Corp (NASDAQ:BANX) last announced its earnings results on Thursday, November 9th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.40. The business had revenue of $4.36 million for the quarter, compared to analyst estimates of $4.40 million. equities research analysts expect that StoneCastle Financial Corp will post 1.58 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp lifted its position in shares of StoneCastle Financial Corp by 10.7% during the second quarter. Northern Trust Corp now owns 12,870 shares of the investment management company’s stock valued at $262,000 after purchasing an additional 1,240 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of StoneCastle Financial Corp by 75.2% during the third quarter. Wells Fargo & Company MN now owns 11,147 shares of the investment management company’s stock valued at $230,000 after purchasing an additional 4,785 shares in the last quarter. BB&T Securities LLC bought a new stake in StoneCastle Financial Corp in the second quarter worth about $248,000. Macquarie Group Ltd. bought a new stake in StoneCastle Financial Corp in the third quarter worth about $274,000. Finally, Bard Associates Inc. bought a new stake in StoneCastle Financial Corp in the second quarter worth about $422,000. 32.05% of the stock is currently owned by hedge funds and other institutional investors.

StoneCastle Financial Corp 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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