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:
Average Prices:- 50 Day Moving Avg: $20.32
- 200 Day Moving Avg: $20.09
- 52 Week Range: $17.68 - $20.95
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.62
- P/E Growth: 0.00
Dividend:- Annual Dividend: $1.48
- Dividend Yield: 7.4%
Profitability:Misc:- Average Volume: 11,438 shs.
- Beta: 0.2
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 announced a quarterly dividend on Monday, September 11th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.38 per share on Thursday, September 28th. This represents a $1.52 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend is Wednesday, September 20th. This is a boost from StoneCastle Financial Corp's previous quarterly dividend of $0.37. View StoneCastle Financial Corp's Dividend History.
How were StoneCastle Financial Corp's earnings last quarter?
StoneCastle Financial Corp (NASDAQ:BANX) issued its earnings results on Wednesday, August, 9th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.41 by $0.02. The company earned $4.26 million during the quarter, compared to analysts' expectations of $4.44 million. View StoneCastle Financial Corp's Earnings History.
When will StoneCastle Financial Corp make its next earnings announcement?
Where is StoneCastle Financial Corp's stock going? Where will StoneCastle Financial Corp's stock price be in 2017?
4 brokers have issued twelve-month target prices for StoneCastle Financial Corp's shares. Their predictions range from $21.00 to $23.00. On average, they anticipate StoneCastle Financial Corp's stock price to reach $22.38 in the next year. 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. National Securities analysts commented, "• BANX posted NII/share of $0.39, a couple cents shy of our $0.41/share estimate but adequately covering the quarterly dividend of $0.37/share. During 2Q17 the company received an A+ rating by Kroll and accordingly lowered the cost of its credit facility to L + 235 bps from L + 285 bps previously and the requirements to maintain $3.5 million of restricted cash was lifted, freeing up more capital to be invested with lower funding costs.
• StoneCastle’s NAV/share saw another quarterly improvement of 0.7% sequentially to $21.47 from $21.32 largely as a result of unrealized appreciation of $920,000 for the quarter pertaining to positive marks on the credit securitization and preferred stock. Asset quality remains very strong with Chicago Shore continuing to be the only non-accrual with a cost of $6.6 million or 3.5% of the portfolio.
• We are revising our 2017 NII/share estimate to $1.60 from $1.61 and our 2018 NII/share estimate to $1.70 from $1.71. " (8/15/2017)
- 2. 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. " (8/11/2017)
Who are some of StoneCastle Financial Corp's key competitors?
Some companies that are related to StoneCastle Financial Corp include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA) and Blackrock Taxable Municipal Bond Trust (BBN).
Who are StoneCastle Financial Corp's key executives?
StoneCastle Financial Corp's management team includes the folowing people:
- Joshua S. Siegel, Chairman of the Board, Chief Executive Officer
- George Shilowitz, President, Director
- Patrick J. Farrell, Chief Financial Officer
- Rachel Schatten, Chief Compliance Officer, Secretary
- Emil W. Henry Jr., lead Independent Director
- Alan J. Ginsberg, Independent Director
- Clara Miller, Independent Director
Who owns StoneCastle Financial Corp stock?
StoneCastle Financial Corp's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Punch & Associates Investment Management Inc. (0.00%), Fenimore Asset Management Inc. (0.00%), Oxbow Advisors LLC (0.00%), Deprince Race & Zollo Inc. (0.00%), Greenwich Investment Management Inc. (0.00%) and M3F Inc. (0.00%). Company insiders that own StoneCastle Financial Corp stock include Clara Miller and George Shilowitz. 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., Deprince Race & Zollo Inc., Trellus Management Company LLC, Greenwich Investment Management Inc., M3F Inc., Oxbow Advisors LLC, Royal Bank of Canada and Creative Planning. 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 Stifel Financial Corp, Bard Associates Inc., BB&T Securities LLC, Northern Trust Corp, Fenimore Asset Management Inc. and Wells Fargo & Company MN. Company insiders that have bought StoneCastle Financial Corp stock in the last two years include Clara Miller and George Shilowitz. 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.
What is StoneCastle Financial Corp's stock price today?
One share of StoneCastle Financial Corp stock can currently be purchased for approximately $20.69.
MarketBeat Community Rating for StoneCastle Financial Corp (NASDAQ BANX)MarketBeat's community ratings are surveys of what our community members think about StoneCastle Financial Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for StoneCastle Financial Corp (NASDAQ:BANX) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 3.00) |
| Consensus Price Target: | $22.38 (8.14% upside) |
Analysts' Ratings History for StoneCastle Financial Corp (NASDAQ:BANX)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/15/2017 | National Securities | Reiterated Rating | Buy | $23.00 | Low |  |
| 8/14/2017 | JMP Securities | Upgrade | Market Perform -> Outperform | $23.00 | Low | |
| 8/10/2017 | Oppenheimer Holdings, Inc. | Set Price Target | Buy | $21.00 | High | |
| 8/10/2017 | Keefe, Bruyette & Woods | Reiterated Rating | Buy | $22.50 | High | |
| 5/8/2016 | Robert W. Baird | Reiterated Rating | Buy | | N/A | |
| 3/1/2016 | Wunderlich | Reiterated Rating | Buy | $25.00 -> $22.00 | N/A | |
(Data available from 9/19/2015 forward)
Earnings History for StoneCastle Financial Corp (NASDAQ:BANX)Earnings History by Quarter for StoneCastle Financial Corp (NASDAQ BANX)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/9/2017 | | | | | | | | |
| 8/9/2017 | Q2 2017 | $0.41 | $0.39 | $4.44 million | $4.26 million | View | N/A | |
| 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 | |
(Data available from 1/1/2011 forward)
Earnings Estimates for StoneCastle Financial Corp (NASDAQ:BANX)2017 EPS Consensus Estimate: $1.64
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.41 | $0.43 | $0.42 |
| Q2 2017 | 2 | $0.40 | $0.42 | $0.41 |
| Q3 2017 | 2 | $0.40 | $0.42 | $0.41 |
| Q4 2017 | 1 | $0.40 | $0.40 | $0.40 |
(Data provided by Zacks Investment Research)
Current Dividend Information for StoneCastle Financial Corp (NASDAQ:BANX)| Next Dividend: | 9/28/2017 |
| Annual Dividend: | $1.48 |
| Dividend Yield: | 7.15% |
| Payout Ratio: | 85.06% (Trailing 12 Months of Earnings)
88.10% (Based on This Year's Estimates)
90.24% (Based on Next Year's Estimates)
|
Dividend History by Quarter for StoneCastle Financial Corp (NASDAQ BANX)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 9/11/2017 | quarterly | $0.38 | 7.5% | 9/20/2017 | 9/21/2017 | 9/28/2017 |
| 6/5/2017 | quarterly | $0.37 | 7.4% | 6/16/2017 | 6/20/2017 | 6/29/2017 |
| 3/13/2017 | quarterly | $0.37 | 7.44% | 3/20/2017 | 3/22/2017 | 3/29/2017 |
| 12/9/2016 | quarterly | $0.37 | 7.87% | 12/20/2016 | 12/22/2016 | 1/3/2017 |
| 9/14/2016 | quarterly | $0.37 | 8.03% | 9/23/2016 | 9/27/2016 | 9/30/2016 |
| 6/7/2016 | quarterly | $0.37 | 8.28% | 6/16/2016 | 6/20/2016 | 6/29/2016 |
| 3/8/2016 | quarterly | $0.35 | 8.42% | 3/17/2016 | 3/21/2016 | 3/29/2016 |
| 12/9/2015 | quarterly | $0.35 | 8.26% | 12/18/2015 | 12/22/2015 | 1/4/2016 |
| 9/11/2015 | quarterly | $0.33 | 7.44% | 9/17/2015 | 9/21/2015 | 9/29/2015 |
| 5/21/2015 | quarterly | $0.33 | 7.86% | 6/17/2015 | 6/19/2015 | 6/29/2015 |
| 3/6/2015 | quarterly | $0.50 | 9.99% | 3/18/2015 | 3/20/2015 | 3/30/2015 |
| 12/2/2014 | quarterly | $0.50 | 9.33% | 12/10/2014 | 12/12/2014 | 1/2/2015 |
| 9/2/2014 | quarterly | $0.50 | 7.94% | 9/10/2014 | 9/12/2014 | 9/26/2014 |
| 6/3/2014 | quarterly | $0.50 | 7.65% | 6/11/2014 | 6/13/2014 | 6/27/2014 |
| 3/6/2014 | quarterly | $0.50 | 8% | 3/13/2014 | 3/17/2014 | 4/1/2014 |
| 12/13/2013 | quarterly | $0.28 | | | 12/23/2013 | 1/2/2014 |
| 12/17/2013 | special | $0.28 | | 12/19/2013 | 12/23/2013 | 1/2/2014 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for StoneCastle Financial Corp (NASDAQ:BANX)Insider Ownership Percentage: 8.02%
Institutional Ownership Percentage: 33.95%
Insider Trades by Quarter for StoneCastle Financial Corp (NASDAQ:BANX)| 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 | |
(Data available from 1/1/2013 forward)
Headline Trends for StoneCastle Financial Corp (NASDAQ:BANX)
Latest Headlines for StoneCastle Financial Corp (NASDAQ:BANX)
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StoneCastle Financial Corp (BANX) Chart for Tuesday, September, 19, 2017
