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:
- 50 Day Moving Avg: $20.13
- 200 Day Moving Avg: $19.84
- 52 Week Range: $17.68 - $20.74
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.18
- P/E Growth: 0.00
- Annual Dividend: $1.48
- Dividend Yield: 7.4%
- Average Volume: 12,592 shs.
- Beta: 0.19
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 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.
How were StoneCastle Financial Corp's earnings last quarter?
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.
Where is StoneCastle Financial Corp's stock going? Where will StoneCastle Financial Corp's stock price be in 2017?
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.
What are 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. " (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)
Who are some of StoneCastle Financial Corp's key competitors?
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).
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
- 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
Who owns StoneCastle Financial Corp stock?
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.
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 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.
How do I buy StoneCastle Financial Corp stock?
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.
What is StoneCastle Financial Corp's stock price today?
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.
One share of StoneCastle Financial Corp stock can currently be purchased for approximately $20.46.
Consensus Ratings for StoneCastle Financial Corp (NASDAQ:BANX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: ||2 Buy Ratings|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$22.00 (7.53% upside)|
Analysts' Ratings History for StoneCastle Financial Corp (NASDAQ:BANX)
(Data available from 7/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/12/2017||National Securities||Reiterated Rating||Buy||$23.00||Low|
|5/9/2017||Oppenheimer Holdings, Inc.||Set Price Target||Buy||$21.00||Medium|
|6/1/2016||Keefe, Bruyette & Woods||Upgrade||Market Perform -> Outperform||$19.50||N/A|
|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 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|
|2/28/2017||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: $1.70
(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:||6/29/2017|
|Payout Ratio:||86.55% (Trailing 12 Months of Earnings) |
87.57% (Based on This Year's Estimates)
88.10% (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%Insider Trades by Quarter for StoneCastle Financial Corp (NASDAQ:BANX)
Institutional Ownership Percentage: 35.02%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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 (BANX) Chart for Monday, July, 24, 2017