Oppenheimer Holdings, Inc. Analysts Give StoneCastle Financial Corp (BANX) a $22.00 Price Target
Oppenheimer Holdings, Inc. set a $22.00 target price on StoneCastle Financial Corp (NASDAQ:BANX) in a research report released on Monday morning. The firm currently has a buy rating on the investment management company’s stock.
Other research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods restated a buy rating and issued a $22.50 price objective on shares of StoneCastle Financial Corp in a research note on Thursday, August 10th. National Securities reaffirmed a buy rating and set a $23.00 price target on shares of StoneCastle Financial Corp in a research report on Monday. JMP Securities raised StoneCastle Financial Corp from a market perform rating to an outperform rating and set a $23.00 price target on the stock in a research report on Monday, August 14th. Finally, Zacks Investment Research cut StoneCastle Financial Corp from a hold rating to a sell rating in a research report on Monday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $22.75.
StoneCastle Financial Corp (BANX) opened at $20.55 on Monday. The stock has a market capitalization of $133.99, a price-to-earnings ratio of 13.05 and a beta of 0.20. StoneCastle Financial Corp has a 12 month low of $18.05 and a 12 month high of $20.95.
StoneCastle Financial Corp (NASDAQ:BANX) last announced its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $4.36 million during the quarter, compared to the consensus estimate of $4.40 million. equities analysts forecast that StoneCastle Financial Corp will post 1.57 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of BANX. Wells Fargo & Company MN lifted its position in shares of StoneCastle Financial Corp by 75.2% during the 3rd quarter. Wells Fargo & Company MN now owns 11,147 shares of the investment management company’s stock valued at $230,000 after buying an additional 4,785 shares during the last quarter. BB&T Securities LLC purchased a new position in shares of StoneCastle Financial Corp during the 2nd quarter valued at $248,000. Northern Trust Corp lifted its position in shares of StoneCastle Financial Corp by 10.7% during the 2nd quarter. Northern Trust Corp now owns 12,870 shares of the investment management company’s stock valued at $262,000 after buying an additional 1,240 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of StoneCastle Financial Corp during the 3rd quarter valued at $274,000. Finally, Bard Associates Inc. purchased a new position in shares of StoneCastle Financial Corp during the 2nd quarter valued at $422,000. 32.05% of the stock is currently owned by hedge funds and other institutional investors.
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.
Receive News & Stock Ratings for StoneCastle Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneCastle Financial Corp and related stocks with our FREE daily email newsletter.