StoneCastle Financial Corp (BANX) was Upgraded by Keefe Bruyette to ” Outperform”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Jun 1, 2016.
StoneCastle Financial Corp closed down -0.18 points or -1.07% at $16.6 with 21,132 shares getting traded on Friday. Post opening the session at $16.8805, the shares hit an intraday low of $16.5601 and an intraday high of $17.1 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 31, 2016, George Shilowitz (President) purchased 1,000 shares at $16.92 per share price. According to the SEC, on Nov 19, 2015, Joshua S. Siegel (CEO) purchased 800 shares at $16.65 per share price. On May 26, 2015, Patrick Joseph Farrell (CFO) purchased 500 shares at $16.96 per share price, according to the Form-4 filing with the securities and exchange commission.
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.