StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies. For its fixed income portion, the fund invests in subordinated debt securities which are rated BBB- or better by Kroll Ratings. The fund employs fundamental analysis with bottom-up security picking approach by focusing on factors such as review of historical and prospective financial information, interviews with management and key employees of the prospective bank, financial models and projections, changes in interest rates, changes in unemployment rates, changes in home prices, changes in economic activity to create its portfolio. It employs proprietary research to create its portfolio. StoneCastle Financial Corp. was formed on February 7, 2013 and is domiciled in the United States.
Industry, Sector and Symbol
Stock Exchange NASDAQ
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 Ratio14.18
Forward P/E Ratio13.83
P/E GrowthN/A
Sales & Book Value
Annual Sales$17.37 million
Price / Sales8.50
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 Margins78.09%
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
EmployeesN/A
Outstanding Shares6,550,000
Market Cap$147.63 million
STONECASTLE Fin/COM (NASDAQ:BANX) Frequently Asked Questions
What is STONECASTLE Fin/COM's stock symbol?
STONECASTLE Fin/COM trades on the NASDAQ under the ticker symbol "BANX."
How often does STONECASTLE Fin/COM pay dividends? What is the dividend yield for STONECASTLE Fin/COM?
STONECASTLE Fin/COM declared a quarterly dividend on Friday, September 14th. Shareholders of record on Monday, September 24th will be given a dividend of $0.38 per share on Friday, September 28th. This represents a $1.52 annualized dividend and a yield of 6.74%. The ex-dividend date is Friday, September 21st. View STONECASTLE Fin/COM's Dividend History.
How were STONECASTLE Fin/COM's earnings last quarter?
STONECASTLE Fin/COM (NASDAQ:BANX) issued its quarterly earnings results on Thursday, August, 9th. The investment management company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.41. The investment management company had revenue of $4.38 million for the quarter, compared to analyst estimates of $4.25 million. View STONECASTLE Fin/COM's Earnings History.
When is STONECASTLE Fin/COM's next earnings date?
What price target have analysts set for BANX?
4 brokers have issued 12 month target prices for STONECASTLE Fin/COM's shares. Their predictions range from $23.00 to $25.00. On average, they anticipate STONECASTLE Fin/COM's stock price to reach $23.75 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for STONECASTLE Fin/COM.
What is the consensus analysts' recommendation for STONECASTLE Fin/COM?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for STONECASTLE Fin/COM in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for STONECASTLE Fin/COM.
What are Wall Street analysts saying about STONECASTLE Fin/COM stock?
Here are some recent quotes from research analysts about STONECASTLE Fin/COM 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. " (8/13/2018)
- 2. National Securities analysts commented, " For 2Q18 StoneCastle earned NII/share of $0.40, two cents ahead of the dividend but a penny short of our estimate. We expect that NII will experience a material lift from the $1.7 million in deferred dividends owed to the company from Chicago Shore.
There was notice of intent given during the quarter to redeem the previous and only non-accrual asset, Chicago Shore series A & B. The company has been invested in Chicago Shore since 2014 and in 2016 the preferred dividend was suspended. Subsequent to quarter-end the adviser exchanged the Chicago Shore preferred stock for variable rate preferred position in a vehicle set up by the company called First Marquis. BANX is expected to get a 13% rate from this.
Additionally, when the securities are ultimately called the company can reinvest the proceeds into another investment that bears interest or pays a dividend in addition to the $1.7 million that will continue to be paid out.
We agree with the move made by management to pay out the cash flows steadily to support earnings on a quarterly basis for years as opposed to receiving a one-time benefit which we believe will make future dividend increases more likely and further support a higher valuation on the stock.
With over 98% of assets level 1 or 2, BANX receives active broker quotes from at least two sources on almost all of its portfolio. The stability of NAV and potential upside combined with transparency also means that shares should trade at a premium, not discount, to NAV/share, as we see it.
We are revising our 2018 NII/share estimate to $1.66 from $1.63 and our 2019 NII/share estimate to $1.74 from $1.66. We are maintaining our BUY rating and increasing our price target to $25 from $24 which reflects a 10% premium to our 4Q19 NAV/share estimate. " (8/13/2018)
Who are some of STONECASTLE Fin/COM's key competitors?
Some companies that are related to STONECASTLE Fin/COM include Diamond Hill Investment Group (DHIL), Triangle Capital (TCAP), Triangle Capital (BBDC), Westwood Holdings Group (WHG), Fidus Investment (FDUS), Monroe Capital (MRCC), Value Line (VALU), Silvercrest Asset Management Group (SAMG), Saratoga Investment (SAR), Gp Zgp (ZAIS), Hennessy Advisors (HNNA), Great Elm Capital (GECC), ALCENTRA Cap Co/SH (ABDC), Fifth Street Asset Management (FSAM) and Manning and Napier (MN).
Who are STONECASTLE Fin/COM's key executives?
STONECASTLE Fin/COM's management team includes the folowing people:
- Mr. Joshua Stuart Siegel, Chairman & CEO (Age 47)
- Mr. George Shilowitz, Pres & Director (Age 53)
- Mr. Patrick J. Farrell, Chief Financial Officer (Age 58)
- Ms. Rachel Schatten J.D., Chief Compliance Officer, Gen. Counsel and Sec. (Age 47)
Who are STONECASTLE Fin/COM's major shareholders?
STONECASTLE Fin/COM's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Oxbow Advisors LLC (4.06%), Fenimore Asset Management Inc. (2.50%), Greenwich Investment Management Inc. (2.16%) and Northwestern Mutual Wealth Management Co. (0.08%). Company insiders that own STONECASTLE Fin/COM stock include Clara Miller, George Shilowitz and Joshua S Siegel. View Institutional Ownership Trends for STONECASTLE Fin/COM.
Which major investors are selling STONECASTLE Fin/COM stock?
Which major investors are buying STONECASTLE Fin/COM stock?
BANX stock was acquired by a variety of institutional investors in the last quarter, including Northwestern Mutual Wealth Management Co.. Company insiders that have bought STONECASTLE Fin/COM stock in the last two years include Clara Miller, George Shilowitz and Joshua S Siegel. View Insider Buying and Selling for STONECASTLE Fin/COM.
How do I buy shares of STONECASTLE Fin/COM?
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 Fin/COM's stock price today?
One share of BANX stock can currently be purchased for approximately $22.55.
How big of a company is STONECASTLE Fin/COM?
STONECASTLE Fin/COM has a market capitalization of $147.63 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.
What is STONECASTLE Fin/COM's official website?
How can I contact STONECASTLE Fin/COM?
STONECASTLE Fin/COM'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 Fin/COM (NASDAQ BANX)
MarketBeat's community ratings are surveys of what our community members think about STONECASTLE Fin/COM 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.
