Fenimore Asset Management Inc. lowered its holdings in StoneCastle Financial Corp (NASDAQ:BANX) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 238,045 shares of the investment management company’s stock after selling 4,326 shares during the period. Fenimore Asset Management Inc.’s holdings in StoneCastle Financial were worth $4,792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in shares of StoneCastle Financial by 75.2% in the 3rd quarter. Wells Fargo & Company MN now owns 11,147 shares of the investment management company’s stock valued at $230,000 after acquiring an additional 4,785 shares during the last quarter. Northern Trust Corp increased its holdings in shares of StoneCastle Financial by 10.7% in the 2nd quarter. Northern Trust Corp now owns 12,870 shares of the investment management company’s stock valued at $262,000 after acquiring an additional 1,240 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of StoneCastle Financial in the 3rd quarter valued at about $274,000. BB&T Securities LLC increased its holdings in shares of StoneCastle Financial by 32.0% in the 3rd quarter. BB&T Securities LLC now owns 16,100 shares of the investment management company’s stock valued at $332,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of StoneCastle Financial by 62.8% in the 2nd quarter. Stifel Financial Corp now owns 93,954 shares of the investment management company’s stock valued at $1,914,000 after acquiring an additional 36,245 shares during the last quarter. Institutional investors and hedge funds own 32.06% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded StoneCastle Financial from a “sell” rating to a “hold” rating in a report on Monday, January 8th. Oppenheimer set a $22.00 price objective on StoneCastle Financial and gave the company a “buy” rating in a report on Monday, November 13th. National Securities reiterated a “buy” rating and issued a $23.00 price objective on shares of StoneCastle Financial in a report on Monday, November 13th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $23.00 price objective on shares of StoneCastle Financial in a report on Friday, November 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $22.75.

Shares of StoneCastle Financial Corp (NASDAQ:BANX) opened at $20.97 on Friday. The stock has a market capitalization of $135.43, a PE ratio of 13.19 and a beta of 0.25. StoneCastle Financial Corp has a 1 year low of $19.01 and a 1 year high of $22.12.

StoneCastle Financial (NASDAQ:BANX) last announced its earnings results on Thursday, November 9th. The investment management company reported $0.40 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $4.36 million during the quarter, compared to analyst estimates of $4.40 million. research analysts anticipate that StoneCastle Financial Corp will post 1.58 EPS for the current year.

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About StoneCastle Financial

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 (NASDAQ:BANX)

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