Media headlines about StoneCastle Financial Corp (NASDAQ:BANX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. StoneCastle Financial Corp earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 46.6558715043973 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts have issued reports on BANX shares. Oppenheimer Holdings, Inc. set a $21.00 price objective on shares of StoneCastle Financial Corp and gave the company a “buy” rating in a research report on Tuesday, May 9th. National Securities reaffirmed a “buy” rating and issued a $23.00 target price on shares of StoneCastle Financial Corp in a research report on Monday, May 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $22.50 price target on shares of StoneCastle Financial Corp in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of StoneCastle Financial Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, JMP Securities upgraded shares of StoneCastle Financial Corp from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.10.
StoneCastle Financial Corp (NASDAQ:BANX) traded down 1.67% during trading on Friday, reaching $20.01. 15,875 shares of the company’s stock traded hands. StoneCastle Financial Corp has a one year low of $17.68 and a one year high of $20.95. The company has a 50 day moving average of $20.37 and a 200 day moving average of $20.00.
StoneCastle Financial Corp (NASDAQ:BANX) last released its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $4.26 million during the quarter, compared to analysts’ expectations of $4.44 million. Equities research analysts anticipate that StoneCastle Financial Corp will post $1.68 earnings per share for the current year.
StoneCastle Financial Corp Company Profile
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.
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