About StoneCastle Financial Corp
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:
- Sector: Finance
- Industry: Asset Management
- Sub-Industry: N/A
- Exchange: NASDAQ
- Symbol: BANX
Companies Related to StoneCastle Financial Corp:
- Previous Close: $19.58
- 50 Day Moving Average: $19.44
- 200 Day Moving Average: $18.78
- 52-Week Range: $15.00 - $20.31
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.51
- P/E Growth: 0.00
- Market Cap: $N/A
- Beta: 0.21
Earnings History 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|
|4/29/2016|| || || || || || || || |
|8/13/2015||Q215||$0.36||$0.36||$3.60 million||$3.38 million||View||N/A|
Earnings Estimates for StoneCastle Financial Corp (NASDAQ:BANX)
Current Year EPS Consensus Estimate: $1.16 EPS
Next Year EPS Consensus Estimate: $1.72 EPS
(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)
|Payout Ratio:||117.46% (Based on Trailing 12 Months of Earnings) |
127.59% (Based on Current Year Consensus EPS Estimate)
86.05% (Based on Next Year Consensus EPS Estimate)
Dividend History 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 History for StoneCastle Financial Corp (NASDAQ:BANX)
Insider Ownership Percentage: 8.02%
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|
|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|| |
Latest Headlines 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 Friday, December 9th. Shareholders of record on Thursday, December 22nd will be given a dividend of $0.37 per share on Tuesday, January 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Tuesday, December 20th.
Where is StoneCastle Financial Corp's stock going? Where will StoneCastle Financial Corp's stock price be in 2017?
5 brokerages have issued 1-year target prices for StoneCastle Financial Corp's stock. Their predictions range from $19.50 to $22.00. On average, they anticipate StoneCastle Financial Corp's stock price to reach $20.83 in the next twelve months.
When will StoneCastle Financial Corp announce their earnings?
StoneCastle Financial Corp is scheduled to release their next quarterly earnings announcement on Friday, April, 29th 2016.
What are analysts saying about StoneCastle Financial Corp stock?
Here are some recent quotes from research analysts about StoneCastle Financial Corp stock:
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. " (1/11/2017)
National Securities analysts commented, "3Q16 Recap: Stone Castle Financial Corp. (BANX) reported NII/share of $0.39 for 3Q16 versus our estimate and the consensus estimate of $0.40. All-in effective yield improved 10 bps Q/Q to 12.18% and NIM (net investment margin) improved 5 bps Q/Q to 10.86%. The portfolio at fair value decreased by 8.2% Q/Q largely from only one new investment of $9.0 million versus total sales and redemptions of $26.0 million. However, we expect that activity for BANX will pick up in 4Q16. NAV/share increased to $21.29 from $21.21 the quarter prior largely from unrealized appreciation during the quarter. Debt/assets decreased significantly in light of the portfolio shrinking, down to 19.1% from 30.2% in 2Q16. The company has an upper band target of 30.0%. We expect that BANX will draw on its revolver to reach 29.9% debt/assets in 2Q17 before we model an accretive $25.0 million equity issuance in 3Q17 to deleverage the balance sheet and permit portfolio growth going forward. We are puzzled as to why BANX trades at a 12% NAV/share discount when its portfolio is marked largely using active broker quotes and on a sum of the parts basis, a lot of bank preferred stock and subordinated debt trade at premiums to par. We are maintaining our 2016 NII/share estimate of $1.57 and are revising our 2017 NII/share estimate from $1.71 to $1.70. Our $21 price target implies an estimated 2017 Price/Net Investment Income (P/ NII) of 12.4x, dividend yield of 7.0%, and Price/Net Asset Value (P/NAV) of 0.97x. " (11/14/2016)
Who owns StoneCastle Financial Corp stock?
StoneCastle Financial Corp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include United Capital Financial Advisers LLC (0.00%), M3F Inc. (0.00%), Baird Financial Group Inc. (0.00%) and Brown Advisory Inc. (0.00%). Company insiders that own StoneCastle Financial Corp stock include George Shilowitz and Joshua S Siegel.
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 Baird Financial Group Inc. and United Capital Financial Advisers LLC.
Who bought StoneCastle Financial Corp stock? Who is buying StoneCastle Financial Corp stock?
StoneCastle Financial Corp's stock was purchased by a variety of institutional investors in the last quarter, including Brown Advisory Inc. and M3F Inc.. Company insiders that have bought StoneCastle Financial Corp stock in the last two years include George Shilowitz and Joshua S Siegel.
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 $19.79.
StoneCastle Financial Corp (NASDAQ:BANX) Chart for Monday, February, 20, 2017
Institutional Ownership ChartEarnings History ChartDividend History Chart