Brokerages expect that StoneCastle Financial Corp (NASDAQ:BANX) will report $4.27 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for StoneCastle Financial Corp’s earnings, with estimates ranging from $4.18 million to $4.36 million. StoneCastle Financial Corp reported sales of $4.21 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The firm is expected to report its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that StoneCastle Financial Corp will report full-year sales of $4.27 million for the current fiscal year, with estimates ranging from $17.31 million to $17.49 million. For the next year, analysts anticipate that the business will post sales of $17.71 million per share, with estimates ranging from $17.13 million to $18.29 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow StoneCastle Financial Corp.

StoneCastle Financial Corp (NASDAQ:BANX) last posted its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $4.36 million during the quarter, compared to the consensus estimate of $4.40 million.

Several research firms have recently issued reports on BANX. Oppenheimer Holdings, Inc. set a $22.00 price target on shares of StoneCastle Financial Corp and gave the company a “buy” rating in a research report on Monday, November 13th. Zacks Investment Research cut shares of StoneCastle Financial Corp from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. National Securities reaffirmed a “buy” rating and set a $23.00 price objective on shares of StoneCastle Financial Corp in a research note on Monday, November 13th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $23.00 price objective on shares of StoneCastle Financial Corp in a research note on Friday, November 10th. Finally, JMP Securities raised shares of StoneCastle Financial Corp from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. StoneCastle Financial Corp currently has a consensus rating of “Buy” and a consensus price target of $22.75.

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in StoneCastle Financial Corp by 75.2% in the 3rd quarter. Wells Fargo & Company MN now owns 11,147 shares of the investment management company’s stock worth $230,000 after buying an additional 4,785 shares in the last quarter. BB&T Securities LLC purchased a new position in StoneCastle Financial Corp in the 2nd quarter worth approximately $248,000. Northern Trust Corp grew its stake in StoneCastle Financial Corp by 10.7% in the 2nd quarter. Northern Trust Corp now owns 12,870 shares of the investment management company’s stock worth $262,000 after buying an additional 1,240 shares in the last quarter. Macquarie Group Ltd. purchased a new position in StoneCastle Financial Corp in the 3rd quarter worth approximately $274,000. Finally, Bard Associates Inc. purchased a new position in StoneCastle Financial Corp in the 2nd quarter worth approximately $422,000. 32.71% of the stock is owned by institutional investors.

Shares of StoneCastle Financial Corp (NASDAQ:BANX) opened at $20.29 on Friday. StoneCastle Financial Corp has a 12-month low of $18.22 and a 12-month high of $20.95. The stock has a market cap of $134.12, a P/E ratio of 13.06 and a beta of 0.20.

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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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