Zacks Investment Research downgraded StoneCastle Financial Corp (NASDAQ:BANX) to Hold in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded StoneCastle Financial Corp (NASDAQ:BANX) to Hold in a report released on 10/12/2016.
Previously on 10/11/2016, Zacks Investment Research released a statement about StoneCastle Financial Corp (NASDAQ:BANX) increased the target price from $0.00 to $21.00. At the time, this indicated a possible upside of 0.15%.
Just yesterday StoneCastle Financial Corp (NASDAQ:BANX) traded 0.44% higher at $18.32. StoneCastle Financial Corp’s 50-day moving average is $18.57 and its 200-day moving average is $18.08. The last stock price is up 1.76% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 14,523 shares of BANX traded hands, up from an average trading volume of 10,794
Recent Performance Chart
StoneCastle Financial Corp has 52 week low of $13.81 and a 52 week high of $19.36 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 5 brokerages have issued a research note on StoneCastle Financial Corp. The 12-month price target is $20.50 with three brokerages rating the company a strong buy, one brokerage rating the company a buy, two brokerages rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokers 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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