StoneCastle Financial Corp Announces Quarterly Dividend of $0.50 (BANX)
StoneCastle Financial Corp (NASDAQ:BANX) announced a quarterly dividend on Tuesday, September 2nd, Stock Ratings Network reports. Investors of record on Friday, September 12th will be paid a dividend of 0.50 per share on Friday, September 26th. This represents a $2.00 annualized dividend and a dividend yield of 7.84%.
On a related note, analysts at Zacks upgraded shares of StoneCastle Financial Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $26.40 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $26.80.
StoneCastle Financial Corp (NASDAQ:BANX) traded down 0.90% during mid-day trading on Tuesday, hitting $25.2701. 13,842 shares of the company’s stock traded hands. StoneCastle Financial Corp has a one year low of $23.90 and a one year high of $28.60. The stock has a 50-day moving average of $25.21 and a 200-day moving average of $25.18.
StoneCastle Financial Corp (NASDAQ:BANX) last released its earnings data on Thursday, August 14th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.03. On average, analysts predict that StoneCastle Financial Corp will post $1.10 earnings per share for the current fiscal year.
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