FY2017 EPS Estimates for StoneCastle Financial Corp (BANX) Cut by Analyst
StoneCastle Financial Corp (NASDAQ:BANX) – Analysts at Oppenheimer Holdings lowered their FY2017 earnings per share estimates for StoneCastle Financial Corp in a research report issued to clients and investors on Tuesday. Oppenheimer Holdings analyst B. Chittenden now expects that the investment management company will earn $1.67 per share for the year, down from their prior estimate of $1.69. Oppenheimer Holdings currently has a “Buy” rating and a $21.00 target price on the stock.
Other research analysts have also recently issued research reports about the company. National Securities reiterated a “buy” rating and set a $23.00 price objective on shares of StoneCastle Financial Corp in a research note on Monday. Zacks Investment Research cut StoneCastle Financial Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th.
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Shares of StoneCastle Financial Corp (NASDAQ:BANX) traded down 0.35% during trading on Thursday, hitting $19.91. The stock had a trading volume of 1,061 shares. StoneCastle Financial Corp has a 52 week low of $15.95 and a 52 week high of $20.74. The firm has a 50 day moving average price of $19.85 and a 200-day moving average price of $19.28. The stock has a market capitalization of $129.97 million, a price-to-earnings ratio of 11.60 and a beta of 0.21.
StoneCastle Financial Corp (NASDAQ:BANX) last issued its earnings results on Tuesday, February 28th. The investment management company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $4.21 million during the quarter, compared to the consensus estimate of $4.30 million.
In other StoneCastle Financial Corp news, Director Clara Miller purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was purchased at an average price of $20.07 per share, for a total transaction of $40,140.00. Following the completion of the purchase, the director now directly owns 1,938 shares of the company’s stock, valued at $38,895.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.02% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp boosted 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 valued at $1,161,000 after buying an additional 6,564 shares in the last quarter. South Texas Money Management Ltd. purchased a new stake in shares of StoneCastle Financial Corp during the first quarter valued at approximately $267,000. Baird Financial Group Inc. raised its stake in shares of StoneCastle Financial Corp by 8.7% in the first quarter. Baird Financial Group Inc. now owns 15,939 shares of the investment management company’s stock valued at $321,000 after buying an additional 1,279 shares during the last quarter. Oxbow Advisors LLC raised its stake in shares of StoneCastle Financial Corp by 25.7% in the first quarter. Oxbow Advisors LLC now owns 241,882 shares of the investment management company’s stock valued at $4,876,000 after buying an additional 49,466 shares during the last quarter. Finally, Fenimore Asset Management Inc. raised its stake in shares of 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 valued at $4,989,000 after buying an additional 1,073 shares during the last quarter. Hedge funds and other institutional investors own 31.14% 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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