Skip to main content

Market Overview

UPDATE: Wunderlich Securities Initiates Coverage On StoneCastle Financial On Investing In Healthy Community Banks


In a report published Wednesday, Wunderlich Securities analyst Merrill Ross initiated coverage on StoneCastle Financial Corp. (NASDAQ: BANX) with a Buy rating and $22.00 price target.

In the report, Wunderlich Securities noted, “We are initiating coverage of StoneCastle Financial Corp. (BANX) with a Buy rating and a $22 price target. We believe that investors could realize total returns in excess of 22%, divided between a cash yield of 10%, and price appreciation of 12% to our target. We think that BANX offers risk-adjusted returns that are both high and unique. Community banks are intensely regulated with the goal of assuring operational stability, which we think could result in better credit performance than many other asset classes invested in by debt investors, including more broadly diversified business development companies (BDCs). Our price target of $22 per share represents our estimate of the company's forward NAV.”

StoneCastle Financial closed on Tuesday at $19.45.

Latest Ratings for BANX

Jun 2020National SecuritiesInitiates Coverage OnBuy
Apr 2018BairdReinstatesOutperformOutperform
Nov 2017OppenheimerMaintainsOutperform

View More Analyst Ratings for BANX
View the Latest Analyst Ratings


Related Articles (BANX)

View Comments and Join the Discussion!

Posted-In: Merrill Ross Wunderlich SecuritiesAnalyst Color Initiation Analyst Ratings

Latest Ratings

NIUDaiwa CapitalInitiates Coverage On41.5
QMCONorthland Capital MarketsInitiates Coverage On12.0
IBKRJefferiesInitiates Coverage On89.0
MRETFTD SecuritiesDowngrades18.5
SWKSGoldman SachsDowngrades135.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at