M3F Inc. Has $1,897,000 Position in StoneCastle Financial Corp (BANX)

M3F Inc. Has $1,897,000 Position in StoneCastle Financial Corp (BANX)

M3F Inc. increased its stake in shares of StoneCastle Financial Corp (NASDAQ:BANX) by 1.5% during the fourth quarter, Holdings Channel reports. The fund owned 101,486 shares of the investment management company’s stock after buying an additional 1,486 shares during the period. StoneCastle Financial Corp makes up 1.7% of M3F Inc.’s holdings, making the stock its 20th largest position. M3F Inc.’s holdings in StoneCastle Financial Corp were worth $1,897,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Punch & Associates Investment Management Inc. increased its stake in shares of StoneCastle Financial Corp by 0.8% in the third quarter. Punch & Associates Investment Management Inc. now owns 598,640 shares of the investment management company’s stock valued at $11,177,000 after buying an additional 4,552 shares during the period. Oxbow Advisors LLC increased its stake in shares of StoneCastle Financial Corp by 31.5% in the third quarter. Oxbow Advisors LLC now owns 192,562 shares of the investment management company’s stock valued at $3,594,000 after buying an additional 46,151 shares during the period. Stifel Financial Corp increased its stake in shares of StoneCastle Financial Corp by 16.5% in the second quarter. Stifel Financial Corp now owns 36,635 shares of the investment management company’s stock valued at $672,000 after buying an additional 5,198 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of StoneCastle Financial Corp by 5.8% in the third quarter. Oppenheimer & Co. Inc. now owns 26,336 shares of the investment management company’s stock valued at $492,000 after buying an additional 1,435 shares during the period. Finally, Clear Harbor Asset Management LLC increased its stake in shares of StoneCastle Financial Corp by 62.6% in the third quarter. Clear Harbor Asset Management LLC now owns 16,272 shares of the investment management company’s stock valued at $304,000 after buying an additional 6,263 shares during the period. Institutional investors own 31.07% of the company’s stock.

Shares of StoneCastle Financial Corp (NASDAQ:BANX) traded down 0.40% during midday trading on Tuesday, reaching $19.81. 6,040 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $19.22 and a 200 day moving average price of $18.72. StoneCastle Financial Corp has a 12 month low of $14.72 and a 12 month high of $20.31.

Several equities research analysts recently issued reports on BANX shares. Zacks Investment Research upgraded shares of StoneCastle Financial Corp from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, October 11th. National Securities restated a “buy” rating and set a $21.00 price objective on shares of StoneCastle Financial Corp in a research report on Monday, November 14th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of StoneCastle Financial Corp in a research report on Tuesday, December 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $20.88.

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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