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About StoneCastle Financial (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
Industry Investment advice
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:BANX
CUSIPN/A
Phone212-354-6500
Debt
Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A
Price-To-Earnings
Trailing P/E Ratio13.60
Forward P/E Ratio13.47
P/E GrowthN/A
Sales & Book Value
Annual Sales$17.37 million
Price / Sales8.28
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A
Profitability
EPS (Most Recent Fiscal Year)$1.59
Net Income$12.03 million
Net Margins67.90%
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
EmployeesN/A
Outstanding Shares6,550,000
StoneCastle Financial (NASDAQ:BANX) Frequently Asked Questions
What is StoneCastle Financial's stock symbol?
StoneCastle Financial trades on the NASDAQ under the ticker symbol "BANX."
How often does StoneCastle Financial pay dividends? What is the dividend yield for StoneCastle Financial?
StoneCastle Financial declared a quarterly dividend on Friday, March 9th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.38 per share on Tuesday, March 27th. This represents a $1.52 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Monday, March 19th. View StoneCastle Financial's Dividend History.
How were StoneCastle Financial's earnings last quarter?
StoneCastle Financial (NASDAQ:BANX) issued its quarterly earnings results on Thursday, May, 3rd. The investment management company reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.41. The investment management company earned $4.23 million during the quarter. View StoneCastle Financial's Earnings History.
When is StoneCastle Financial's next earnings date?
What price target have analysts set for BANX?
5 Wall Street analysts have issued twelve-month target prices for StoneCastle Financial's shares. Their forecasts range from $23.00 to $24.00. On average, they expect StoneCastle Financial's stock price to reach $23.40 in the next year. View Analyst Ratings for StoneCastle Financial.
What are Wall Street analysts saying about StoneCastle Financial stock?
Here are some recent quotes from research analysts about StoneCastle Financial stock:
- 1. National Securities analysts commented, "• For 1Q18, BANX had NII/share of $0.41, besting our estimate and consensus by a penny and the dividend by $0.03/share. We expect that as BANX continues to grow its portfolio that NII/share will likely increase as well and drive two dividend increases before the end of 2019.
• During 1Q18, BANX originated $58.2 million of investments and had sales and repayments of $43.0 million. The company closed its second securitization in February and contributed nine investments with a weighted average coupon of 7.78% and received $26.0 million. StoneCastle expects the vehicle to have an effective yield of 9.38%. The company invested $20.1 million in PFF as a placeholder asset for the cash received and is not taking management fees on the investment which we expect to be on the books for a few quarters.
• The securitization is a positive move for BANX as it provides enhanced yield to the company, helps deleverage the balance sheet, and enhances economic leverage and thus total ROE at BANX.
• We expect that BANX has the potential to grow its portfolio meaningfully through 2018 and 2019. FASB’s new accounting rule, CECL (current expected credit losses) will likely drive increased demand for subordinated debt at banks as the need to augment tier 2 capital arises given the accounting changes. Additionally, many banks have been equity-heavy since the financial crisis and will likely seek to increase debt levels to assist in improving ROEs as charge-offs continue to remain muted.
• BANX finished 3/31/18 with 12.2% of its investments in level 1 assets, 86.9% in level 2 assets, and the remainder in level 3 assets. StoneCastle has far fewer arbitrary inputs being used to calculate its NAV/share and thus we think that the stock should command a higher NAV premium on this transparency alone, the generally sounder credit quality of its book notwithstanding.
• We are revising our 2018 NII/share estimate to $1.63 from $1.62 and our 2019 NII/share estimate to $1.66 from $1.68. " (5/7/2018)
- 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. " (5/2/2018)
Who are some of StoneCastle Financial's key competitors?
Some companies that are related to StoneCastle Financial include Triangle Capital (TCAP), Westwood Holdings Group (WHG), Fidus Investment (FDUS), Monroe Capital (MRCC), Silvercrest Asset Management Group (SAMG), Value Line (VALU), Hennessy Advisors (HNNA), Gp Zgp (ZAIS), Saratoga Investment (SAR), Great Elm Capital (GECC), Alcentra Capital (ABDC), Fifth Street Asset Management (FSAM), Manning and Napier (MN), U.S. Global Investors (GROW) and Medley Management (MDLY).
Who are StoneCastle Financial's key executives?
StoneCastle Financial's management team includes the folowing people:
- Joshua S. Siegel, Chairman of the Board, Chief Executive Officer (Age 42)
- George Shilowitz, President, Director (Age 50)
- Patrick J. Farrell, Chief Financial Officer (Age 55)
- Rachel Schatten, Chief Compliance Officer, Secretary (Age 44)
- Emil W. Henry Jr., lead Independent Director (Age 56)
- Alan J. Ginsberg, Independent Director (Age 53)
- Clara Miller, Independent Director (Age 65)
Has StoneCastle Financial been receiving favorable news coverage?
Media headlines about BANX stock have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. StoneCastle Financial earned a news sentiment score of 0.15 on Accern's scale. They also gave press coverage about the investment management company an impact score of 47.21 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are StoneCastle Financial's major shareholders?
StoneCastle Financial's stock is owned by many different of retail and institutional investors. Top institutional investors include Punch & Associates Investment Management Inc. (6.45%), United Capital Financial Advisers LLC (3.20%), Greenwich Investment Management Inc. (2.46%), Ladenburg Thalmann Financial Services Inc. (1.77%), Stifel Financial Corp (1.44%) and BB&T Securities LLC (0.30%). Company insiders that own StoneCastle Financial stock include Clara Miller, George Shilowitz and Joshua S Siegel. View Institutional Ownership Trends for StoneCastle Financial.
Which major investors are selling StoneCastle Financial stock?
Which major investors are buying StoneCastle Financial stock?
BANX stock was acquired by a variety of institutional investors in the last quarter, including Ladenburg Thalmann Financial Services Inc., United Capital Financial Advisers LLC, Greenwich Investment Management Inc. and BB&T Securities LLC. Company insiders that have bought StoneCastle Financial stock in the last two years include Clara Miller, George Shilowitz and Joshua S Siegel. View Insider Buying and Selling for StoneCastle Financial.
How do I buy shares of StoneCastle Financial?
Shares of BANX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is StoneCastle Financial's stock price today?
One share of BANX stock can currently be purchased for approximately $21.95.
How big of a company is StoneCastle Financial?
StoneCastle Financial has a market capitalization of $143.37 million and generates $17.37 million in revenue each year. The investment management company earns $12.03 million in net income (profit) each year or $1.59 on an earnings per share basis.
How can I contact StoneCastle Financial?
StoneCastle Financial's mailing address is 152 WEST 57TH STREET 35TH FLOOR, NEW YORK NY, 10019. The investment management company can be reached via phone at 212-354-6500 or via email at [email protected]
MarketBeat Community Rating for StoneCastle Financial (BANX)
MarketBeat's community ratings are surveys of what our community members think about StoneCastle Financial and other stocks. Vote "Outperform" if you believe BANX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BANX will underperform the S&P 500 over the long term. You may vote once every thirty days.
StoneCastle Financial (NASDAQ:BANX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for StoneCastle Financial in the last 12 months. Their average twelve-month price target is $23.40, suggesting that the stock has a possible upside of 6.61%. The high price target for BANX is $24.00 and the low price target for BANX is $23.00. There are currently 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $23.40 | $23.00 | $22.75 | $22.75 |
| Price Target Upside: | 6.61% upside | 5.75% upside | 11.08% upside | 11.08% upside |
StoneCastle Financial (NASDAQ:BANX) Consensus Price Target History
StoneCastle Financial (NASDAQ:BANX) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
StoneCastle Financial (NASDAQ:BANX) Dividend Information
StoneCastle Financial pays an annual dividend of $1.52 per share, with a dividend yield of 6.92%. BANX's most recent quarterly dividend payment was Tuesday, March 27. StoneCastle Financial pays out 95.60% of its earnings out as a dividend.
| Most Recent Dividend: | 3/27/2018 |
| Annual Dividend: | $1.52 |
| Dividend Yield: | 6.92% |
| Payout Ratio(s): | 95.60% (Trailing 12 Months of Earnings)
93.25% (Based on This Year's Estimates)
90.48% (Based on Next Year's Estimates)
|
StoneCastle Financial (NASDAQ:BANX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/9/2018 | Quarterly | $0.38 | 6.81% | 3/19/2018 | 3/20/2018 | 3/27/2018 |
| 12/8/2017 | quarterly | $0.38 | 7.38% | 12/21/2017 | 12/22/2017 | 1/3/2018 |
| 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)
StoneCastle Financial (NASDAQ BANX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.02%
Institutional Ownership Percentage: 28.18%
StoneCastle Financial (NASDAQ BANX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 9/22/2017 | Joshua S Siegel | CEO | Buy | 200 | $20.33 | $4,066.00 | 6,507 |  |
| 3/8/2017 | Clara Miller | Director | Buy | 2,000 | $20.07 | $40,140.00 | 1,938 | |
| 12/1/2016 | George Shilowitz | President | Buy | 800 | $18.67 | $14,936.00 | 13,050 | |
| 5/26/2016 | George Shilowitz | President | Buy | 1,000 | $16.92 | $16,920.00 | 12,500 | |
| 5/24/2016 | George Shilowitz | President | Buy | 250 | $16.85 | $4,212.50 | 11,750 | |
| 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)
StoneCastle Financial (NASDAQ BANX) News Headlines
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StoneCastle Financial (NASDAQ:BANX) SEC Filings
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StoneCastle Financial (NASDAQ:BANX) Income Statement, Balance Sheet and Cash Flow Statement
StoneCastle Financial (NASDAQ BANX) Stock Chart for Thursday, May, 24, 2018
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