About StoneCastle Financial Corp (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:
Sales & Book Value:
- Trailing P/E Ratio: 13.06
- Forward P/E Ratio: 13.11
- Annual Sales: $17.03 million
- Price / Sales: 7.90
- Book Value: N/A
- Price / Book: N/A
- Annual Dividend: $1.52
- Dividend Yield: 7.4%
- Trailing EPS: $1.76
- Net Income: $7.01 million
- Net Margins: 66.86%
- Outstanding Shares: 6,540,000
Frequently Asked Questions 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 Monday, September 11th. Shareholders of record on Thursday, September 21st will be given a dividend of $0.38 per share on Thursday, September 28th. This represents a $1.52 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Wednesday, September 20th. This is an increase from StoneCastle Financial Corp's previous quarterly dividend of $0.37. View StoneCastle Financial Corp's Dividend History.
How were StoneCastle Financial Corp's earnings last quarter?
StoneCastle Financial Corp (NASDAQ:BANX) issued its quarterly earnings data on Thursday, November, 9th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The investment management company had revenue of $4.36 million for the quarter, compared to analyst estimates of $4.40 million. View StoneCastle Financial Corp's Earnings History.
When will StoneCastle Financial Corp make its next earnings announcement?
Where is StoneCastle Financial Corp's stock going? Where will StoneCastle Financial Corp's stock price be in 2017?
4 brokers have issued 12 month price targets for StoneCastle Financial Corp's stock. Their predictions range from $22.00 to $23.00. On average, they anticipate StoneCastle Financial Corp's stock price to reach $22.75 in the next year. View Analyst Ratings for StoneCastle Financial Corp.
What are Wall Street analysts saying about StoneCastle Financial Corp stock?
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. " (11/13/2017)
- 2. National Securities analysts commented, "• For 3Q17, StoneCastle posted NII/share of $0.40/share, matching consensus and exceeding the dividend by 2 cents. The company continues to deliver strong and consistent effective yields as the market it operates in is largely unaffected by the spread compression seen in middle market cash flow based lending and has high barriers to entry.
• NAV/share increased to $21.56 from $21.47 Q/Q, largely as a result of unrealized appreciation of $630,000 during the quarter and an out-earned dividend. StoneCastle finished the quarter with only 1.2% of level 3 assets, making NAV much less susceptible to mark-to-model assumptions. We continue to think this greater transparency in NAV should warrant a higher premium to it.
• Additionally, despite US community banks having average annual failure rates of 38 bps, BANX continues to trade significantly wide (in terms of dividend yield) of the Bank of America Merrill Lynch BBB Corporate yield-to-worst index. The past year, the dividend yield on BANX’s stock averaged 385 bps higher than the index yield.
• We are revising our 2017 NII/share estimate to $1.59 from $1.60 and our 2018 NII/share estimate to $1.66 from $1.70. " (11/13/2017)
Who are some of StoneCastle Financial Corp's key competitors?
Some companies that are related to StoneCastle Financial Corp include Gladstone Capital Corporation (GLAD), Fifth Street Senior Floating Rate Corp. (OCSI), TriplePoint Venture Growth BDC Corp. (TPVG), Oxford Lane Capital Corp. (OXLC), Invesco Bond Fund (VBF), Center Coast MLP & Infrastructure Fund (CEN), Stellus Capital Investment Corporation (SCM), BlackRock LT Municipal Advantage Trust (BTA), Kayne Anderson Energy Development (KED), OFS Capital Corporation (OFS), GSV Capital Corp (GSVC), Horizon Technology Finance Corporation (HRZN), KCAP Financial (KCAP), Ithaca Energy (IAE), Capitala Finance Corp. (CPTA), American Capital Senior Floating (ACSF), Alcentra Capital Corp. (ABDC) and Harvest Capital Credit Corporation (HCAP).
Who are StoneCastle Financial Corp's key executives?
StoneCastle Financial Corp'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)
Who owns StoneCastle Financial Corp stock?
StoneCastle Financial Corp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Oxbow Advisors LLC (0.00%), Stifel Financial Corp (1.63%), Ladenburg Thalmann Financial Services Inc. (1.47%), Deprince Race & Zollo Inc. (1.09%), BB&T Securities LLC (0.25%) and Macquarie Group Ltd. (0.20%). Company insiders that own StoneCastle Financial Corp stock include Clara Miller, George Shilowitz and Joshua S Siegel. View Institutional Ownership Trends for StoneCastle Financial Corp.
Who sold StoneCastle Financial Corp stock? Who is selling StoneCastle Financial Corp stock?
Who bought StoneCastle Financial Corp stock? Who is buying StoneCastle Financial Corp stock?
StoneCastle Financial Corp's stock was acquired by a variety of institutional investors in the last quarter, including Ladenburg Thalmann Financial Services Inc., Macquarie Group Ltd., Stifel Financial Corp, Wells Fargo & Company MN and BB&T Securities LLC. Company insiders that have bought StoneCastle Financial Corp stock in the last two years include Clara Miller, George Shilowitz and Joshua S Siegel. View Insider Buying and Selling for StoneCastle Financial Corp.
How do I buy StoneCastle Financial Corp stock?
Shares of StoneCastle Financial Corp 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 Corp's stock price today?
One share of StoneCastle Financial Corp stock can currently be purchased for approximately $20.58.
How big of a company is StoneCastle Financial Corp?
StoneCastle Financial Corp has a market capitalization of $134.12 million and generates $17.03 million in revenue each year. The investment management company earns $7.01 million in net income (profit) each year or $1.76 on an earnings per share basis.
How can I contact StoneCastle Financial Corp?
StoneCastle Financial Corp'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 Corp (NASDAQ BANX)MarketBeat's community ratings are surveys of what our community members think about StoneCastle Financial Corp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for StoneCastle Financial Corp (NASDAQ:BANX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 0 Hold Ratings, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$22.75 (10.54% upside)|
Consensus Price Target History for StoneCastle Financial Corp (NASDAQ:BANX)
Analysts' Ratings History for StoneCastle Financial Corp (NASDAQ:BANX)
(Data available from 11/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/13/2017||Oppenheimer Holdings, Inc.||Set Price Target||Buy||$21.00 -> $22.00||N/A|
|11/13/2017||National Securities||Reiterated Rating||Buy||$23.00||N/A|
|11/10/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$23.00||N/A|
|8/14/2017||JMP Securities||Upgrade||Market Perform -> Outperform||$23.00||Low|
|5/8/2016||Robert W. Baird||Reiterated Rating||Buy||N/A|
|3/1/2016||Wunderlich||Reiterated Rating||Buy||$25.00 -> $22.00||N/A|
Earnings History and Estimates Chart for StoneCastle Financial Corp (NASDAQ:BANX)
Earnings History by Quarter 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|
|2/27/2018|| || || || || || || || |
|11/9/2017||Q3 2017||$0.40||$0.40||$4.40 million||$4.36 million||View||N/A|
|8/9/2017||Q2 2017||$0.41||$0.39||$4.44 million||$4.26 million||View||N/A|
|2/28/2017||Q416||$0.41||$0.39||$4.30 million||$4.21 million||View||N/A|
|11/10/2016||Q3 2016||$0.40||$0.39||$4.50 million||$4.25 million||View||N/A|
|8/13/2015||Q215||$0.33||$0.36||$3.60 million||$3.38 million||View||N/A|
|4/30/2015||Q115||$0.38||$0.29||$4.04 million||$3.22 million||View||N/A|
|3/5/2015||Q414||$0.39||$0.23||$3.67 million||$2.95 million||View||N/A|
|8/14/2014||Q214||$0.32||$0.29||$2.20 million||$2.20 million||View||N/A|
|5/13/2014||Q114||$0.18||$0.12||$1.66 million||$0.72 million||View||N/A|
Earnings Estimates for StoneCastle Financial Corp (NASDAQ:BANX)
2017 EPS Consensus Estimate: $1.64
(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)
|Most Recent Dividend:||9/28/2017|
|Payout Ratio:||86.36% (Trailing 12 Months of Earnings) |
96.82% (Based on This Year's Estimates)
94.41% (Based on Next Year's Estimates)
Dividend History by Quarter 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 and Institutional Ownership History for StoneCastle Financial Corp (NASDAQ BANX)
Insider Ownership Percentage: 8.02%
Institutional Ownership Percentage: 32.05%
Insider Trades by Quarter for StoneCastle Financial Corp (NASDAQ BANX)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/22/2017||Joshua S Siegel||CEO||Buy||200||$20.33||$4,066.00|| |
|3/8/2017||Clara Miller||Director||Buy||2,000||$20.07||$40,140.00|| |
|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|| |
Headline Trends for StoneCastle Financial Corp (NASDAQ:BANX)
Latest Headlines for StoneCastle Financial Corp (NASDAQ BANX)
StoneCastle Financial Corp (NASDAQ BANX) Chart for Saturday, November, 18, 2017