StoneCastle Financial (BANX) Receiving Somewhat Favorable Media Coverage, Analysis Finds

Headlines about StoneCastle Financial (NASDAQ:BANX) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. StoneCastle Financial earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.0881717051343 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several research analysts recently weighed in on BANX shares. Zacks Investment Research cut StoneCastle Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Oppenheimer set a $22.00 target price on StoneCastle Financial and gave the company a “buy” rating in a research note on Monday, November 13th. National Securities reaffirmed a “buy” rating and set a $23.00 target price on shares of StoneCastle Financial in a research note on Monday, November 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $23.00 target price on shares of StoneCastle Financial in a research note on Friday, November 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.75.

StoneCastle Financial (BANX) opened at $21.16 on Wednesday. StoneCastle Financial has a 1 year low of $19.01 and a 1 year high of $21.28. The firm has a market capitalization of $138.42, a price-to-earnings ratio of 11.97 and a beta of 0.20.

StoneCastle Financial (NASDAQ:BANX) last released its quarterly earnings results on Thursday, November 9th. The investment management company reported $0.40 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.40. The company had revenue of $4.36 million during the quarter, compared to analyst estimates of $4.40 million. equities research analysts expect that StoneCastle Financial will post 1.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Friday, December 22nd were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.18%.

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StoneCastle Financial 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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