StoneCastle Financial Corp Company Profile (NASDAQ:BANX)

StoneCastle Financial Corp trades on the NASDAQ under the ticker symbol "BANX."

StoneCastle Financial Corp announced a quarterly dividend on Monday, June 5th. Shareholders of record on Tuesday, June 20th will be paid a dividend of $0.37 per share on Thursday, June 29th. This represents a $1.48 annualized dividend and a yield of 7.23%. The ex-dividend date of this dividend is Friday, June 16th. View StoneCastle Financial Corp's Dividend History.

StoneCastle Financial Corp (NASDAQ:BANX) posted its quarterly earnings data on Thursday, August, 13th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.33 by $0.03. The company earned $3.38 million during the quarter, compared to the consensus estimate of $3.60 million. View StoneCastle Financial Corp's Earnings History.

2 analysts have issued 1-year price objectives for StoneCastle Financial Corp's shares. Their forecasts range from $21.00 to $23.00. On average, they anticipate StoneCastle Financial Corp's stock price to reach $22.00 in the next year. View Analyst Ratings for StoneCastle Financial Corp.

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. " (7/11/2017)
• 2. National Securities analysts commented, "• Apparently, Kroll sees the same thing that we do in StoneCastle – a very strong portfolio with stable underlying credits. The company, rightfully so in our opinion, received the investment grade rating of A+ by Kroll, which is a rating agency specializing in financial services companies.
  • In addition to the investment grade rating, BANX amended its revolving credit facility, which as a reminder is the company’s sole source of funding. The company previously paid L + 285 bps on the facility which has now been lowered to L + 235 bps with no commitment fees. The capacity on the facility was lowered from $70.0 million to $62.0 million, reflecting the current leverage limitations given the assets of the company. What was previously a facility by a syndicate group of lenders is now done solely through Texas Capital Bank. There was previously a requirement for BANX to keep $3.5 million of cash as a liquidity enhancement which is now no longer required, freeing up more cash to be invested and grow earnings.
  • We expect StoneCastle to trade above NAV and permit an accretive equity raise in 4Q17 and subsequent to this we model an expansion of the facility. BANX has already spoken with the lender that if they were to do a secondary equity offering they would be able to upsize the facility.
  • We are revising our 2017 NII/share estimate from $1.59 to $1.61 and our 2018 NII/share estimate from $1.67 to $1.71. " (6/12/2017)

Some companies that are related to StoneCastle Financial Corp include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Triangle Capital Corporation (TCAP), Ithaca Energy (IAE), 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).

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

StoneCastle Financial Corp's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Fenimore Asset Management Inc. (0.00%), Oxbow Advisors LLC (0.00%) and Creative Planning (0.00%). Company insiders that own StoneCastle Financial Corp stock include Clara Miller and George Shilowitz. View Institutional Ownership Trends for StoneCastle Financial Corp.

StoneCastle Financial Corp's stock was sold by a variety of institutional investors in the last quarter, including Oxbow Advisors LLC and Creative Planning. View Insider Buying and Selling for StoneCastle Financial Corp.

StoneCastle Financial Corp's stock was bought by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc.. 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.

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.

One share of StoneCastle Financial Corp stock can currently be purchased for approximately $20.46.