About StoneCastle Financial Corp (NASDAQ:BANX)
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. The Company's investment portfolio includes term loans, debt securities, trust preferred securities, preferred shares of credit securitization, preferred securities, convertible preferred stock, common stock, exchange traded fund, limited partnership interest and money market fund. The Company invests in bank issuers of various locations, such as California, Colorado, Florida, Georgia, Illinois, Kansas, Maine, Maryland, New Jersey, New York, Ohio, North Carolina, Oklahoma, South Carolina, Texas and West Virginia.
Industry, Sector and Symbol:
- 50 Day Moving Avg: $19.96
- 200 Day Moving Avg: $19.35
- 52 Week Range: $15.95 - $20.74
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.90
- P/E Growth: 0.000
- Annual Dividend: $1.48
- Dividend Yield: 7.4%
- Average Volume: 13,998 shs.
- Beta: 0.21
Frequently Asked Questions for StoneCastle Financial Corp (NASDAQ:BANX)
What is StoneCastle Financial Corp's stock symbol?
StoneCastle Financial Corp trades on the NASDAQ under the ticker symbol "BANX."
How often does StoneCastle Financial Corp pay dividends? What is the dividend yield for StoneCastle Financial Corp?
StoneCastle Financial Corp declared a quarterly dividend on Monday, March 13th. Investors of record on Wednesday, March 22nd will be paid a dividend of $0.37 per share on Wednesday, March 29th. This represents a $1.48 annualized dividend and a yield of 7.40%. The ex-dividend date is Monday, March 20th. View StoneCastle Financial Corp's Dividend History.
How were StoneCastle Financial Corp's earnings last quarter?
StoneCastle Financial Corp (NASDAQ:BANX) issued its quarterly earnings results on Tuesday, February, 28th. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.41 by $0.02. The firm had revenue of $4.21 million for the quarter, compared to analysts' expectations of $4.30 million. View StoneCastle Financial Corp's Earnings History.
Where is StoneCastle Financial Corp's stock going? Where will StoneCastle Financial Corp's stock price be in 2017?
3 brokers have issued 1 year price targets for StoneCastle Financial Corp's shares. Their predictions range from $19.50 to $23.00. On average, they expect StoneCastle Financial Corp's stock price to reach $21.17 in the next twelve months. View Analyst Ratings for StoneCastle Financial Corp.
What are analysts saying about StoneCastle Financial Corp stock?
Here are some recent quotes from research analysts about StoneCastle Financial Corp stock:
- 1. 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. " (5/9/2017)
- 2. National Securities analysts commented, "• BANX continues to be fundamentally undervalued. Despite having very sound credit quality, exceeding its dividend, and having a truly unique business model, the company continues to trade at a 6% discount to NAV/share. The dividend yield remains 368 bps wide of the BAML BBB corporate bond yield-to-worst (YTW) index. Additionally, most bank preferred equity and subordinated debt trades at premiums to par, yet BANX, which holds largely bank debt and preferred equity, trades at a discount to NAV/share.
• StoneCastle will likely generate slight improvements in all-in effective yield and NIM (net investment margin) as a result of deal flow that is truly proprietary and insulated from substantial spread compression seen in the middle market. StoneCastle is lending to community and regional banks that are too small to access public markets to raise capital. The market BANX operates in is not that competitive, as there are not many institutions actively seeking to lend to small US community banks.
• We are revising our 2017 NII/share estimate to $1.59 from $1.61 and are maintaining our 2018 NII/share estimate of $1.67.
Who are some of StoneCastle Financial Corp's key competitors?
Some companies that are related to StoneCastle Financial Corp include BlackRock (BLK), Bank of New York Mellon Corp (BK), State Street Corp (STT), Franklin Resources (BEN), Northern Trust (NTRS), Blackstone Group LP (BX), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Invesco (IVZ), Affiliated Managers Group (AMG), KKR & Co. L.P. (KKR), SEI Investments Company (SEIC), Voya Financial (VOYA), Lazard Ltd (LAZ), Eaton Vance Corp (EV), Ares Management LP (ARES), Legg Mason (LM) and Prospect Capital (PSEC).
Who owns StoneCastle Financial Corp stock?
StoneCastle Financial Corp's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Punch & Associates Investment Management Inc. (0.00%), Fenimore Asset Management Inc. (0.00%), Oxbow Advisors LLC (0.00%), United Capital Financial Advisers LLC (3.32%), Deprince Race & Zollo Inc. (2.58%) and Greenwich Investment Management Inc. (2.03%). Company insiders that own StoneCastle Financial Corp stock include Clara Miller, George Shilowitz and Joshua S Siegel. View Institutional Ownership Trends for StoneCastle Financial Corp.
Who sold StoneCastle Financial Corp stock? Who is selling StoneCastle Financial Corp stock?
StoneCastle Financial Corp's stock was sold by a variety of institutional investors in the last quarter, including Punch & Associates Investment Management Inc., Trellus Management Company LLC, Creative Planning, Deprince Race & Zollo Inc., Morgan Stanley, United Capital Financial Advisers LLC and Oppenheimer & Co. Inc.. View Insider Buying and Selling for StoneCastle Financial Corp.
Who bought StoneCastle Financial Corp stock? Who is buying StoneCastle Financial Corp stock?
StoneCastle Financial Corp's stock was bought by a variety of institutional investors in the last quarter, including Oxbow Advisors LLC, Greenwich Investment Management Inc., South Texas Money Management Ltd., Stifel Financial Corp, Baird Financial Group Inc. and Fenimore Asset Management Inc.. Company insiders that have bought StoneCastle Financial Corp stock in the last two years include Clara Miller, George Shilowitz and Joshua S Siegel. View Insider Buying and Selling for StoneCastle Financial Corp.
How do I buy StoneCastle Financial Corp stock?
Shares of StoneCastle Financial Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of StoneCastle Financial Corp stock cost?
One share of StoneCastle Financial Corp stock can currently be purchased for approximately $20.00.
Earnings History for StoneCastle Financial Corp (NASDAQ:BANX)Earnings History by Quarter for StoneCastle Financial Corp (NASDAQ:BANX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/28/2017||Q416||$0.41||$0.39||$4.30 million||$4.21 million||View||N/A|
|11/10/2016||Q3 2016||$0.40||$0.39||$4.50 million||$4.25 million||View||N/A|
|8/13/2015||Q215||$0.33||$0.36||$3.60 million||$3.38 million||View||N/A|
|4/30/2015||Q115||$0.38||$0.29||$4.04 million||$3.22 million||View||N/A|
|3/5/2015||Q414||$0.39||$0.23||$3.67 million||$2.95 million||View||N/A|
|8/14/2014||Q214||$0.32||$0.29||$2.20 million||$2.20 million||View||N/A|
|5/13/2014||Q114||$0.18||$0.12||$1.66 million||$0.72 million||View||N/A|
Earnings Estimates for StoneCastle Financial Corp (NASDAQ:BANX)
2017 EPS Consensus Estimate: $1.70
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for StoneCastle Financial Corp (NASDAQ:BANX)
|Most Recent Dividend:||3/29/2017|
|Payout Ratio:||117.46% (Trailing 12 Months of Earnings) |
87.06% (Based on This Year's Estimates)
88.10% (Based on Next Year's Estimates)
Dividend History by Quarter for StoneCastle Financial Corp (NASDAQ:BANX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for StoneCastle Financial Corp (NASDAQ:BANX)
Insider Ownership Percentage: 8.02%Insider Trades by Quarter for StoneCastle Financial Corp (NASDAQ:BANX)
Institutional Ownership Percentage: 31.14%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/8/2017||Clara Miller||Director||Buy||2,000||$20.07||$40,140.00|| |
|12/1/2016||George Shilowitz||President||Buy||800||$18.67||$14,936.00|| |
|5/26/2016||George Shilowitz||President||Buy||1,000||$16.92||$16,920.00|| |
|5/24/2016||George Shilowitz||President||Buy||250||$16.85||$4,212.50|| |
|6/26/2015||Joshua S Siegel||CEO||Buy||2,000||$17.11||$34,220.00|| |
|5/8/2015||Joshua S Siegel||CEO||Buy||1,000||$16.30||$16,300.00|| |
|5/4/2015||Joshua S Siegel||CEO||Buy||1,000||$17.27||$17,270.00|| |
|12/11/2014||Emil Henry||Director||Buy||10,000||$19.51||$195,100.00|| |
Headline Trends for StoneCastle Financial Corp (NASDAQ:BANX)
Latest Headlines for StoneCastle Financial Corp (NASDAQ:BANX)
StoneCastle Financial Corp (BANX) Chart for Monday, May, 22, 2017