StoneCastle Financial Corp (NASDAQ:BANX) Position Cut by Oxbow Advisors LLC

Oxbow Advisors LLC decreased its position in shares of StoneCastle Financial Corp (NASDAQ:BANX) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,586 shares of the investment management company’s stock after selling 2,296 shares during the period. Oxbow Advisors LLC’s holdings in StoneCastle Financial Corp were worth $4,888,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. South Texas Money Management Ltd. bought a new stake in shares of StoneCastle Financial Corp during the first quarter worth about $267,000. Baird Financial Group Inc. raised its stake in shares of 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 during the period. Stifel Financial Corp raised its stake in shares of 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 during the period. Greenwich Investment Management Inc. raised its stake in shares of 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 during the period. Finally, Fenimore Asset Management Inc. raised its stake in shares of StoneCastle Financial Corp by 0.4% in the first quarter. Fenimore Asset Management Inc. now owns 247,497 shares of the investment management company’s stock worth $4,989,000 after buying an additional 1,073 shares during the period. 34.92% of the stock is owned by institutional investors.

Shares of StoneCastle Financial Corp (NASDAQ:BANX) opened at 20.30 on Friday. StoneCastle Financial Corp has a 1-year low of $17.68 and a 1-year high of $20.95. The company has a 50 day moving average of $20.34 and a 200 day moving average of $19.97.

StoneCastle Financial Corp (NASDAQ:BANX) last released its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $4.26 million for the quarter, compared to analyst estimates of $4.44 million. On average, equities research analysts predict that StoneCastle Financial Corp will post $1.69 earnings per share for the current year.

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BANX has been the subject of a number of research reports. Oppenheimer Holdings, Inc. set a $21.00 target price on shares of StoneCastle Financial Corp and gave the company a “buy” rating in a research note on Tuesday, May 9th. 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, May 8th. 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, Zacks Investment Research raised shares of StoneCastle Financial Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.

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.

Institutional Ownership by Quarter for StoneCastle Financial Corp (NASDAQ:BANX)

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