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.

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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.

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