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.

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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.

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