StoneCastle Financial Corp (NASDAQ:BANX) received a $21.00 price target from investment analysts at Oppenheimer Holdings, Inc. in a research report issued on Thursday. The brokerage presently has a “buy” rating on the investment management company’s stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 2.29% from the company’s current price.
BANX has been the topic of a number of other reports. Zacks Investment Research raised StoneCastle Financial Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $22.50 price objective on shares of StoneCastle Financial Corp in a research note on Thursday. Finally, National Securities reaffirmed a “buy” rating and issued a $23.00 price objective on shares of StoneCastle Financial Corp in a research note on Monday, June 12th.
Shares of StoneCastle Financial Corp (NASDAQ:BANX) opened at 20.5292 on Thursday. StoneCastle Financial Corp has a 52 week low of $17.68 and a 52 week high of $20.95. The stock has a 50 day moving average price of $20.33 and a 200-day moving average price of $19.96.
StoneCastle Financial Corp (NASDAQ:BANX) last posted its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.02. On average, analysts predict that StoneCastle Financial Corp will post $1.69 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “StoneCastle Financial Corp (BANX) PT Set at $21.00 by Oppenheimer Holdings, Inc.” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/08/10/stonecastle-financial-corp-banx-pt-set-at-21-00-by-oppenheimer-holdings-inc.html.
Several institutional investors have recently bought and sold shares of BANX. BB&T Securities LLC bought a new position in StoneCastle Financial Corp during the second quarter worth approximately $248,000. South Texas Money Management Ltd. bought a new position in StoneCastle Financial Corp during the first quarter worth approximately $267,000. Baird Financial Group Inc. raised its position in 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 worth $321,000 after buying an additional 1,279 shares in the last quarter. Stifel Financial Corp raised 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 worth $1,161,000 after buying an additional 6,564 shares in the last quarter. Finally, Greenwich Investment Management Inc. raised its position in StoneCastle Financial Corp by 25.6% in the first quarter. Greenwich Investment Management Inc. now owns 132,321 shares of the investment management company’s stock worth $2,667,000 after buying an additional 26,930 shares in the last quarter. 34.92% of the stock is currently owned by institutional investors.
StoneCastle Financial Corp Company Profile
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.
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.