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StoneCastle Financial Corp (NASDAQ:BANX) target price raised to $21.00, issued a report today by Zacks Investment Research

StoneCastle Financial Corp (NASDAQ:BANX) had its target bumped up to $21.00 by Zacks Investment Research in a report released Tuesday October 11, 2016. The bumped up target suggests a potential upside of 0.15% based on the company's previous stock price.

On 8/15/2016, Zacks Investment Research released a statement about StoneCastle Financial Corp (NASDAQ:BANX) upped the target price from $0.00 to $21.00 that suggested an upside of 0.11%.

Having a price of $18.32, StoneCastle Financial Corp (NASDAQ:BANX) traded -1.72% lower on the day. With the last stock price up 1.33% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. BANX has recorded a 50-day average of $18.58 and a two hundred day average of $18.08. Trade Volume was down over the average, with 1,798 shares of BANX changing hands under the typical 10,683

Recent Performance Chart

StoneCastle Financial Corp (NASDAQ:BANX)

StoneCastle Financial Corp has 52 week low of $13.81 and a one year high of $19.36 and has a market cap of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 5 firms have reported on the company. The average stock price target is $20.50 with three equity analysts rating the company a strong buy, one brokerage rating the company a buy, two analysts rating the company a hold, 0 brokers rating the company a underperform, and lastly zero firms rating the stock a sell.

General Information About StoneCastle Financial Corp (NASDAQ:BANX)

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.

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