Wall Street brokerages expect StoneCastle Financial Corp (NASDAQ:BANX) to post $0.40 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for StoneCastle Financial’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.40. StoneCastle Financial posted earnings per share of $0.39 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The company is scheduled to announce its next earnings results on Tuesday, February 27th.
On average, analysts expect that StoneCastle Financial will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.58. For the next fiscal year, analysts anticipate that the company will post earnings of $1.61 per share, with EPS estimates ranging from $1.53 to $1.68. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover StoneCastle Financial.
StoneCastle Financial (NASDAQ:BANX) last posted its quarterly earnings data on Thursday, November 9th. The investment management company reported $0.40 earnings per share 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 hedge funds and other institutional investors have recently modified their holdings of BANX. BB&T Securities LLC acquired a new position in StoneCastle Financial during the second quarter worth $248,000. Bard Associates Inc. acquired a new position in StoneCastle Financial during the second quarter worth $422,000. Northern Trust Corp raised its stake in StoneCastle Financial by 10.7% during the second quarter. Northern Trust Corp now owns 12,870 shares of the investment management company’s stock worth $262,000 after acquiring an additional 1,240 shares in the last quarter. Stifel Financial Corp raised its stake in StoneCastle Financial by 62.8% during the second quarter. Stifel Financial Corp now owns 93,954 shares of the investment management company’s stock worth $1,914,000 after acquiring an additional 36,245 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in StoneCastle Financial during the third quarter worth $274,000. Institutional investors and hedge funds own 32.43% of the company’s stock.
Shares of StoneCastle Financial (NASDAQ:BANX) traded up $0.01 during midday trading on Monday, hitting $20.59. The company had a trading volume of 10,600 shares, compared to its average volume of 12,541. The firm has a market capitalization of $134.71, a price-to-earnings ratio of 13.11 and a beta of 0.20. StoneCastle Financial has a twelve month low of $18.22 and a twelve month high of $20.95.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 22nd will be paid a $0.38 dividend. The ex-dividend date is Thursday, December 21st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.38%. StoneCastle Financial’s payout ratio is 86.36%.
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About StoneCastle Financial
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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