Wall Street brokerages expect that STONECASTLE Fin/COM (NASDAQ:BANX) will report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for STONECASTLE Fin/COM’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.42. STONECASTLE Fin/COM reported earnings per share of $0.40 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The business is scheduled to announce its next earnings results on Thursday, November 8th.
On average, analysts expect that STONECASTLE Fin/COM will report full-year earnings of $1.63 per share for the current financial year, with EPS estimates ranging from $1.61 to $1.65. For the next financial year, analysts anticipate that the business will post earnings of $1.67 per share, with EPS estimates ranging from $1.65 to $1.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow STONECASTLE Fin/COM.
STONECASTLE Fin/COM (NASDAQ:BANX) last issued its quarterly earnings results on Thursday, August 9th. The investment management company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.41. The business had revenue of $4.38 million during the quarter, compared to analysts’ expectations of $4.25 million.
A number of equities research analysts have issued reports on the company. National Securities increased their price target on STONECASTLE Fin/COM from $24.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. ValuEngine lowered STONECASTLE Fin/COM from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research upgraded STONECASTLE Fin/COM from a “sell” rating to a “hold” rating in a research note on Wednesday, July 4th. Finally, Oppenheimer set a $24.00 price target on STONECASTLE Fin/COM and gave the stock a “buy” rating in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $23.75.
Shares of BANX stock opened at $22.29 on Tuesday. STONECASTLE Fin/COM has a 52-week low of $20.00 and a 52-week high of $24.92. The firm has a market capitalization of $145.99 million, a price-to-earnings ratio of 14.02 and a beta of 0.18.
A number of hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in STONECASTLE Fin/COM in the 2nd quarter worth $114,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of STONECASTLE Fin/COM by 13.6% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 115,770 shares of the investment management company’s stock valued at $2,518,000 after purchasing an additional 13,894 shares in the last quarter. United Capital Financial Advisers LLC grew its position in shares of STONECASTLE Fin/COM by 2.9% during the first quarter. United Capital Financial Advisers LLC now owns 209,641 shares of the investment management company’s stock valued at $4,560,000 after purchasing an additional 6,000 shares in the last quarter. Finally, BB&T Securities LLC grew its position in shares of STONECASTLE Fin/COM by 21.5% during the first quarter. BB&T Securities LLC now owns 19,558 shares of the investment management company’s stock valued at $425,000 after purchasing an additional 3,458 shares in the last quarter. Institutional investors and hedge funds own 23.16% of the company’s stock.
STONECASTLE Fin/COM Company Profile
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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