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 Ratio13.62
Forward P/E Ratio12.97
P/E GrowthN/A
Sales & Book Value
Annual Sales$17.37 million
Price / Sales8.16
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 Margins69.24%
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
EmployeesN/A
Outstanding Shares6,540,000
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 announced a quarterly dividend on Friday, March 9th. Investors of record on Tuesday, March 20th will be given a dividend of $0.38 per share on Tuesday, March 27th. This represents a $1.52 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend is Monday, March 19th. View StoneCastle Financial's Dividend History.
How were StoneCastle Financial's earnings last quarter?
StoneCastle Financial (NASDAQ:BANX) issued its earnings results on Thursday, March, 1st. The investment management company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The investment management company earned $4.24 million during the quarter, compared to the consensus estimate of $4.36 million. 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 1 year price objectives for StoneCastle Financial's shares. Their predictions range from $22.00 to $24.00. On average, they anticipate StoneCastle Financial's stock price to reach $23.00 in the next twelve months. 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. 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. " (3/6/2018)
- 2. National Securities analysts commented, "• StoneCastle posted NII/share of $0.41 for 4Q17, matching our estimate and exceeding consensus by a penny. Notably, the per share number was $0.03/share above the quarterly dividend and given the increases in effective yields we think two dividend increases the next two years are likely. BANX is lending exclusively to community banks whose profitability is skewed higher by generally rising interest rates and has been largely unaffected by the spread compression experienced in middle market cash flow-based lending.
• We continue to think BANX is undervalued when looking at the underlying credits in the portfolio, most of which are BBB or BBB-equivalent. The dividend yield has averaged 379 bps higher than the BAML BBB Corp. effective yield over the past year. Despite community banks having a track record of minimal failures since the 1930s, the market continues to price StoneCastle’s portfolio as riskier than it is, as we see it.
• NAV/share has far fewer arbitrary inputs when compared with other RICs. Over 97% of the book received at least two broker quotes and is thus not mark-to-model. Despite generally lower risk and more transparency with NAV, BANX trades at a slight discount to NAV and we think if anything shares should trade at a respectable premium.
• Community banks have been equity-heavy since post-financial crisis with equity/assets (E/A) on average over 11% and we expect that many will take on more debt over the coming couple years. Additionally, accounting changes from FASB like CECL (current expected credit loss) will also likely drive increased demand for tier 2 capital. We expect the pipeline of addressable opportunities to be enhanced for BANX.
• We are revising our 2018 NII/share estimate to $1.62 from $1.66 and are rolling out our 2019 NII/share estimate of $1.68. " (3/5/2018)
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), Value Line (VALU), Silvercrest Asset Management Group (SAMG), Hennessy Advisors (HNNA), Gp Zgp (ZAIS), Saratoga Investment (SAR), Great Elm Capital (GECC), Alcentra Capital (ABDC), Fifth Street Asset Management (FSAM), Manning & Napier Fund (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 trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. StoneCastle Financial earned a daily sentiment score of 0.11 on Accern's scale. They also gave press coverage about the investment management company an impact score of 47.08 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
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 $21.66.
How big of a company is StoneCastle Financial?
StoneCastle Financial has a market capitalization of $141.57 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 $23.00, suggesting that the stock has a possible upside of 6.19%. The high price target for BANX is $24.00 and the low price target for BANX is $22.00. 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)
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) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $23.00 | $23.00 | $22.75 | $22.3750 |
| Price Target Upside: | 6.19% upside | 7.48% upside | 11.08% upside | 10.00% upside |
StoneCastle Financial (NASDAQ:BANX) Consensus Price Target History
StoneCastle Financial (NASDAQ:BANX) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
StoneCastle Financial (NASDAQ:BANX) Dividend Information
StoneCastle Financial pays an annual dividend of $1.52 per share, with a dividend yield of 7.02%. 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: | 7.02% |
| Payout Ratio: | 95.60% (Trailing 12 Months of Earnings)
91.02% (Based on This Year's Estimates)
89.94% (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: 30.84%
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, April, 26, 2018
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