Oppenheimer & Co. Inc. Has $632,000 Holdings in StoneCastle Financial Corp (BANX)

Oppenheimer & Co. Inc. maintained its stake in StoneCastle Financial Corp (NASDAQ:BANX) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 30,979 shares of the investment management company’s stock at the end of the 2nd quarter. Oppenheimer & Co. Inc.’s holdings in StoneCastle Financial Corp were worth $632,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Greenwich Investment Management Inc. raised its holdings in shares of StoneCastle Financial Corp by 25.6% during the first quarter. Greenwich Investment Management Inc. now owns 132,321 shares of the investment management company’s stock worth $2,667,000 after acquiring an additional 26,930 shares during the period. Stifel Financial Corp raised its holdings in shares of StoneCastle Financial Corp by 12.8% during the first quarter. Stifel Financial Corp now owns 57,709 shares of the investment management company’s stock worth $1,161,000 after acquiring an additional 6,564 shares during the period. Baird Financial Group Inc. raised its holdings in shares of StoneCastle Financial Corp by 8.7% during the first quarter. Baird Financial Group Inc. now owns 15,939 shares of the investment management company’s stock worth $321,000 after acquiring an additional 1,279 shares during the period. South Texas Money Management Ltd. acquired a new stake in shares of StoneCastle Financial Corp during the first quarter worth $267,000. Finally, BB&T Securities LLC acquired a new stake in shares of StoneCastle Financial Corp during the second quarter worth $248,000. Institutional investors and hedge funds own 33.95% of the company’s stock.

Shares of StoneCastle Financial Corp (NASDAQ:BANX) opened at 20.40 on Wednesday. The firm has a 50-day moving average of $20.34 and a 200 day moving average of $20.07. StoneCastle Financial Corp has a 52 week low of $17.68 and a 52 week high of $20.95.

StoneCastle Financial Corp (NASDAQ:BANX) last released its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.02). The business had revenue of $4.26 million for the quarter, compared to analysts’ expectations of $4.44 million. Equities research analysts expect that StoneCastle Financial Corp will post $1.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 21st will be issued a dividend of $0.38 per share. This is an increase from StoneCastle Financial Corp’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, September 20th. This represents a $1.52 annualized dividend and a yield of 7.45%. StoneCastle Financial Corp’s dividend payout ratio is presently 85.06%.

A number of equities research analysts recently commented on BANX shares. National Securities restated a “buy” rating and set a $23.00 price objective on shares of StoneCastle Financial Corp in a report on Monday, June 12th. Zacks Investment Research upgraded shares of StoneCastle Financial Corp from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods restated a “buy” rating and set a $22.50 price objective on shares of StoneCastle Financial Corp in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. set a $21.00 price objective on shares of StoneCastle Financial Corp and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, JMP Securities upgraded shares of StoneCastle Financial Corp from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. StoneCastle Financial Corp has a consensus rating of “Buy” and an average price target of $22.10.

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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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Institutional Ownership by Quarter for StoneCastle Financial Corp (NASDAQ:BANX)

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