StoneCastle Financial Corp Announces Quarterly Dividend of $0.50 (BANX)
StoneCastle Financial Corp (NASDAQ:BANX) announced a quarterly dividend on Tuesday, June 3rd, AnalystRatingsNetwork.com reports. Investors of record on Friday, June 13th will be paid a dividend of 0.50 per share on Friday, June 27th. This represents a $2.00 annualized dividend and a dividend yield of 7.87%.
On the ratings front, analysts at Zacks downgraded shares of StoneCastle Financial Corp from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 13th. They now have a $23.20 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $25.73.
StoneCastle Financial Corp (NASDAQ:BANX) traded down 1.32% during mid-day trading on Tuesday, hitting $25.40. The stock had a trading volume of 17,273 shares. StoneCastle Financial Corp has a 1-year low of $23.90 and a 1-year high of $28.60. The stock’s 50-day moving average is $25.13 and its 200-day moving average is $24.97.
StoneCastle Financial Corp (NASDAQ:BANX) last announced its earnings results on Tuesday, May 13th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.10. On average, analysts predict that StoneCastle Financial Corp will post $1.30 earnings per share for the current fiscal year.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.