Stonecastle Financial Corp. (BANX) Files Form 4 Insider Buying : George Shilowitz Buys 250 Shares

Stonecastle Financial Corp. (BANX): George Shilowitz , President of Stonecastle Financial Corp. purchased 250 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were purchased at $16.85 per share for a total value of $4,212.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 19, 2015, Joshua S. Siegel (CEO) purchased 800 shares at $16.65 per share price.On Sep 1, 2015, George Shilowitz (President) purchased 1,500 shares at $15.84 per share price.Also, On May 26, 2015, Patrick Joseph Farrell (CFO) purchased 500 shares at $16.96 per share price.

StoneCastle Financial Corp: On Wednesday, May 25, 2016 heightened volatility was witnessed in StoneCastle Financial Corp which led to swings in the share price. The shares opened for trading at $16.8 and hit $17.11 on the upside , eventually ending the session at $16.88, with a gain of 0.60% or 0.1 points. The heightened volatility saw the trading volume jump to 6,840 shares. The 52-week high of the share price is $18.365 and the company has a market cap of $110 M . The 52-week low of the share price is at $13.81.

StoneCastle Financial Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.StoneCastle Financial Corp is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 22 from a previous price target of $25 . The Rating was issued on Mar 1, 2016.

StoneCastle Financial Corp. (StoneCastle Financial) is a non-diversified closed-end management investment company. The Company’s primary investment objective is to provide stockholders with current income and capital appreciation. The Company seeks to achieve its investment objectives through investments in preferred equity subordinated debt convertible securities and common equity primarily in the United States community bank sector. The Company may also invest in similar securities of the United States domiciled banks and companies that provide goods and services to banking companies. StoneCastle Asset Management LLC serves as investment adviser to the Company.

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