StoneCastle Financial Corp (NASDAQ:BANX) is reporting third quarter financial results on Thursday 12th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, BANX is expected to report 3Q20 income of $ 0.43 per share from revenue of $ 4.35 million.
For the full year, analysts anticipate top line of $ 16.58 million, while looking forward to income of $ 1.67 per share bottom line.
Previous Quarter Performance
StoneCastle Financial Corp revealed income for the second quarter of $ 0.41 per share, from the revenue of $ 4.02 million. The quarterly earnings 7.89 percent while revenues contracted 0.50 percent compared with the same quarter last year.
According to street consensus, BANX was expected to report 2Q20 income of $ 0.38 per share from revenue of $ 3.91 million. The bottom line results beat street analysts by $ 0.03 or 7.89 percent, at the same time, top line results outshined analysts by $ 0.11 million or 2.81 percent.
Stock Performance
Shares of StoneCastle Financial Corp traded low $ -0.16 or -0.83 percent on Wednesday, reaching $ 19.04 with volume of 9.70 thousand shares. StoneCastle Financial Corp has traded high as $ 19.34 and has cracked $ 19.04 on the downward trend
The closing price of $ 19.04, representing a 107.57 % increase from the 52 week low of $ 9.25 and a 19.73 % decrease over the 52 week high of $ 23.92.
The company has a market capital of $ 124.98 million and is part of the Financial Services sector and Asset Management industry.
Conference Call
StoneCastle Financial Corp will be hosting a conference call at 5:00 PM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-877-407-9039 or 1-201-689-8470 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.stonecastle-financial.com/company.jsp
StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States.
