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.

BANX has been the subject of a number of recent research reports. Oppenheimer set a $22.00 target price on StoneCastle Financial and gave the company a “buy” rating in a research note on Monday, November 13th. Zacks Investment Research lowered StoneCastle Financial from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. National Securities restated a “buy” rating and issued a $23.00 target price on shares of StoneCastle Financial in a research note on Monday, November 13th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $23.00 target price on shares of StoneCastle Financial in a research note on Friday, November 10th. Finally, JMP Securities upgraded StoneCastle Financial from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. StoneCastle Financial has a consensus rating of “Buy” and an average target price of $22.75.

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%.

COPYRIGHT VIOLATION NOTICE: “$0.40 Earnings Per Share Expected for StoneCastle Financial Corp (BANX) This Quarter” was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/12/11/0-40-earnings-per-share-expected-for-stonecastle-financial-corp-banx-this-quarter.html.

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.

Get a free copy of the Zacks research report on StoneCastle Financial (BANX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for StoneCastle Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneCastle Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.