News articles about StoneCastle Financial Corp (NASDAQ:BANX) have been trending positive this week, AlphaOne reports. AlphaOne, a subsidiary of Accern, ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. StoneCastle Financial Corp earned a media sentiment score of 0.31 on AlphaOne’s scale. AlphaOne also assigned news coverage about the investment management company an impact score of 50 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the next few days.
Shares of StoneCastle Financial Corp (NASDAQ:BANX) traded up 0.05% during mid-day trading on Tuesday, reaching $19.93. The company had a trading volume of 2,226 shares. The firm’s 50 day moving average is $19.98 and its 200-day moving average is $19.62. StoneCastle Financial Corp has a 12-month low of $17.21 and a 12-month high of $20.74.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Tuesday, June 20th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date is Friday, June 16th. StoneCastle Financial Corp’s dividend payout ratio is presently 86.55%.
Several brokerages recently commented on BANX. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $21.00 price target (up previously from $20.00) on shares of StoneCastle Financial Corp in a research note on Friday, March 3rd. National Securities boosted their price target on StoneCastle Financial Corp from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, March 3rd. Finally, Zacks Investment Research lowered StoneCastle Financial Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th.
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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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