StoneCastle Financial Corp (NASDAQ:BANX) has been assigned a $21.00 target price by Oppenheimer Holdings, Inc. in a report released on Thursday. The firm presently has a “buy” rating on the investment management company’s stock. Oppenheimer Holdings, Inc.’s target price would indicate a potential upside of 2.29% from the stock’s current price.

Several other brokerages also recently commented on BANX. Keefe, Bruyette & Woods restated a “buy” rating and issued a $22.50 target price on shares of StoneCastle Financial Corp in a research note on Thursday. National Securities restated a “buy” rating and issued a $23.00 target price on shares of StoneCastle Financial Corp in a research note on Monday, May 8th. Finally, Zacks Investment Research upgraded shares of StoneCastle Financial Corp from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

StoneCastle Financial Corp (NASDAQ:BANX) opened at 20.5292 on Thursday. StoneCastle Financial Corp has a 52-week low of $17.68 and a 52-week high of $20.95. The stock has a 50 day moving average of $20.33 and a 200-day moving average of $19.96.

StoneCastle Financial Corp (NASDAQ:BANX) last announced its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Analysts forecast that StoneCastle Financial Corp will post $1.69 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. South Texas Money Management Ltd. acquired a new position in StoneCastle Financial Corp during the first quarter worth about $267,000. Greenwich Investment Management Inc. increased its position in 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 last quarter. Fenimore Asset Management Inc. increased its position in 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 last quarter. BB&T Securities LLC acquired a new position in StoneCastle Financial Corp during the second quarter worth about $248,000. Finally, Stifel Financial Corp increased its position in 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 last quarter. Institutional investors 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.

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