Equities research analysts expect StoneCastle Financial Corp (NASDAQ:BANX) to post earnings of $0.42 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for StoneCastle Financial’s earnings. The lowest EPS estimate is $0.41 and the highest is $0.42. StoneCastle Financial posted earnings of $0.40 per share in the same quarter last year, which suggests a positive year over year growth rate of 5%. The firm is expected to announce its next earnings results after the market closes on Thursday, November 1st.
According to Zacks, analysts expect that StoneCastle Financial will report full-year earnings of $1.63 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.65. For the next financial year, analysts anticipate that the company will report earnings of $1.67 per share, with EPS estimates ranging from $1.65 to $1.68. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for StoneCastle Financial.
StoneCastle Financial (NASDAQ:BANX) last released its earnings results on Thursday, August 9th. The investment management company reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.41. The company had revenue of $4.38 million for the quarter, compared to the consensus estimate of $4.25 million.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of StoneCastle Financial from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. National Securities increased their target price on shares of StoneCastle Financial from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Oppenheimer set a $24.00 target price on shares of StoneCastle Financial and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, ValuEngine downgraded shares of StoneCastle Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. StoneCastle Financial currently has an average rating of “Buy” and a consensus target price of $24.00.
Shares of StoneCastle Financial stock traded down $0.06 on Monday, reaching $21.50. 12,699 shares of the company traded hands, compared to its average volume of 10,296. StoneCastle Financial has a 52 week low of $20.00 and a 52 week high of $24.92. The company has a market capitalization of $141.17 million, a P/E ratio of 13.52 and a beta of 0.18.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Monday, September 24th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date was Friday, September 21st. StoneCastle Financial’s dividend payout ratio is currently 95.60%.
Several hedge funds have recently made changes to their positions in the stock. BB&T Securities LLC lifted its stake in shares of StoneCastle Financial by 21.5% during the 1st quarter. BB&T Securities LLC now owns 19,558 shares of the investment management company’s stock valued at $425,000 after buying an additional 3,458 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of StoneCastle Financial during the 2nd quarter valued at approximately $114,000. United Capital Financial Advisers LLC lifted its stake in shares of StoneCastle Financial by 2.9% during the 1st quarter. United Capital Financial Advisers LLC now owns 209,641 shares of the investment management company’s stock valued at $4,560,000 after buying an additional 6,000 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of StoneCastle Financial by 13.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 115,770 shares of the investment management company’s stock valued at $2,518,000 after buying an additional 13,894 shares in the last quarter. Institutional investors own 23.17% of the company’s stock.
About StoneCastle Financial
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.
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