Short Interest Change: Stonecastle Financial Corporation (NASDAQ:BANX) Reports Decline in Sellers; Strong Momentum for Longs

November 25, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Change: Stonecastle Financial Corporation (NASDAQ:BANX) Reports Decline in Sellers; Strong Momentum for Longs

The stock of Stonecastle Financial Corporation (NASDAQ:BANX) registered a decrease of 14.71% in short interest. BANX’s total short interest was 5,800 shares in November as published by FINRA. Its down 14.71% from 6,800 shares, reported previously. With 9,000 shares average volume, it will take short sellers 1 days to cover their BANX’s short positions. About 602 shares traded hands. StoneCastle Financial Corp (NASDAQ:BANX) has risen 6.10% since April 22, 2016 and is uptrending. It has outperformed by 0.69% the S&P500.

StoneCastle Financial Corp. is a non-diversified, closed-end management investment company. The company has a market cap of $122.52 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.

Insitutional Activity: The institutional sentiment decreased to 2 in Q2 2016. Its down 0.20, from 2.2 in 2016Q1. The ratio worsened, as 1 funds sold all StoneCastle Financial Corp shares owned while 4 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 1.80 million shares or 4.96% more from 1.71 million shares in 2016Q1.
Morgan Stanley accumulated 4,200 shares or 0% of the stock. Orinda Asset Management Ltd reported 2,635 shares or 0.05% of all its holdings. Gsa Capital Prtnrs Llp holds 15,805 shares or 0.02% of its portfolio. Punch & Associate Investment owns 594,088 shares or 1.26% of their US portfolio. Oxbow Advsrs Limited Liability Company holds 0.38% or 146,411 shares in its portfolio. Ladenburg Thalmann Ser reported 1,000 shares or 0% of all its holdings. Northern Corp accumulated 11,041 shares or 0% of the stock. Deprince Race & Zollo Inc has invested 0.06% of its portfolio in StoneCastle Financial Corp (NASDAQ:BANX). Bb&T Secs Lc, a Virginia-based fund reported 66,322 shares. Fenimore Asset Mngmt last reported 0.24% of its portfolio in the stock. Pnc Fincl Group Incorporated last reported 66,000 shares in the company. Clear Harbor Asset Limited Liability holds 0.04% of its portfolio in StoneCastle Financial Corp (NASDAQ:BANX) for 10,009 shares. Stifel Financial holds 0% of its portfolio in StoneCastle Financial Corp (NASDAQ:BANX) for 36,635 shares. Trellus Mgmt Com Lc holds 38,792 shares or 1.16% of its portfolio. Royal Bancorporation Of Canada has invested 0% of its portfolio in StoneCastle Financial Corp (NASDAQ:BANX).

StoneCastle Financial Corp (NASDAQ:BANX) Ratings Coverage

Out of 4 analysts covering StoneCastle Financial (NASDAQ:BANX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. StoneCastle Financial has been the topic of 7 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Monday, September 21 by National Securities. Keefe Bruyette & Woods upgraded the shares of BANX in a report on Wednesday, June 1 to “Outperform” rating. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Wednesday, November 18. Zacks upgraded the stock to “Hold” rating in Wednesday, August 19 report. Wunderlich maintained it with “Buy” rating and $25 target price in Tuesday, October 20 report.

BANX Company Profile

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.

More news for StoneCastle Financial Corp (NASDAQ:BANX) were recently published by: Globenewswire.com, which released: “StoneCastle Financial Corp. to Host Third Fiscal Quarter 2016 Earnings …” on October 19, 2016. Globenewswire.com‘s article titled: “StoneCastle Financial Corp. Closes $45.5 Million Investment in Community …” and published on October 15, 2015 is yet another important article.

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By Pete Kolinski

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