News headlines about StoneCastle Financial (NASDAQ:BANX) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. StoneCastle Financial earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.7294225133672 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms have recently issued reports on BANX. Keefe, Bruyette & Woods restated a “buy” rating and set a $23.00 target price on shares of StoneCastle Financial in a research report on Friday, November 10th. National Securities reiterated a “buy” rating and issued a $23.00 price objective on shares of StoneCastle Financial in a research report on Monday, November 13th. Zacks Investment Research lowered StoneCastle Financial from a “hold” rating to a “sell” rating in a research report on Monday, November 13th. Finally, Oppenheimer set a $22.00 price objective on StoneCastle Financial and gave the company a “buy” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.75.
StoneCastle Financial (BANX) opened at $20.38 on Tuesday. StoneCastle Financial has a 12-month low of $18.22 and a 12-month high of $20.95. The stock has a market capitalization of $133.33, a P/E ratio of 11.58 and a beta of 0.20.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Friday, December 22nd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date is Thursday, December 21st. StoneCastle Financial’s dividend payout ratio (DPR) is currently 86.36%.
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.
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