November 18, 2016 - By kentuckypostne · 0 Comments
Stonecastle Financial Corp (NASDAQ:BANX) institutional sentiment decreased to 2 in 2016 Q2. Its down -0.20, from 2.2 in 2016Q1. The ratio turned negative, as 11 hedge funds increased and started new equity positions, while 5 sold and reduced their holdings in Stonecastle Financial Corp. The hedge funds in our partner’s database now possess: 1.80 million shares, up from 1.71 million shares in 2016Q1. Also, the number of hedge funds holding Stonecastle Financial Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 4 Increased: 7 New Position: 4.
StoneCastle Financial Corp. is a non-diversified, closed-end management investment company. The company has a market cap of $121.02 million. The Company’s primary investment objective is to provide stockholders with current income, and to a lesser extent capital appreciation. It currently has negative earnings. The Firm generally invests in the senior debt, subordinated debt, preferred shares and common stock of community banks.
About 1,760 shares traded hands. StoneCastle Financial Corp (NASDAQ:BANX) has risen 5.94% since April 18, 2016 and is uptrending. It has outperformed by 1.51% the S&P500.
According to Zacks Investment Research, “StoneCastle Financial Corp. is a closed-end investment company. It invests in community banks located throughout the United States. The Company’s primary investment objective is to provide stockholders with current income, and to a lesser extent, capital appreciation, through preferred equity, subordinated debt and common equity investments predominantly in U.S. domiciled community banks. StoneCastle Financial Corp. is based in United States.”
Punch & Associates Investment Management Inc. holds 1.26% of its portfolio in StoneCastle Financial Corp for 594,088 shares. Trellus Management Company Llc owns 38,792 shares or 1.16% of their US portfolio. Moreover, Oxbow Advisors Llc has 0.38% invested in the company for 146,411 shares. The New York-based Fenimore Asset Management Inc has invested 0.24% in the stock. Deprince Race & Zollo Inc, a Florida-based fund reported 171,706 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider purchase, and 0 insider sales for $4,213 net activity.
Ratings analysis reveals 75% of StoneCastle Financial’s analysts are positive. Out of 4 Wall Street analysts rating StoneCastle Financial, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $19 while the high is $25. The stock’s average target of $21 is 14.32% above today’s ($18.37) share price. BANX was included in 7 notes of analysts from August 17, 2015. The stock has “Hold” rating given by Zacks on Wednesday, August 19. The stock of StoneCastle Financial Corp (NASDAQ:BANX) has “Buy” rating given on Tuesday, October 20 by Wunderlich. The firm earned “Neutral” rating on Monday, September 21 by National Securities. The stock of StoneCastle Financial Corp (NASDAQ:BANX) has “Mkt Perform” rating given on Wednesday, November 18 by Keefe Bruyette & Woods. The stock of StoneCastle Financial Corp (NASDAQ:BANX) has “Outperform” rating given on Wednesday, June 1 by Keefe Bruyette & Woods.
StoneCastle Financial Corp. (StoneCastle Financial), incorporated on February 7, 2013, is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to provide stockholders with current income and capital appreciation. The Firm is established to serve as an investor in community banks seeking capital for organic growth, acquisitions, share repurchases and other refinancing activities.
Another recent and important StoneCastle Financial Corp (NASDAQ:BANX) news was published by Globenewswire.com which published an article titled: “StoneCastle Financial Corp. to Host Third Fiscal Quarter 2016 Earnings …” on October 19, 2016.
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