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Analyst Actions: StoneCastle Financial's Price Target Slips to $22 at Oppenheimer; Outperform Rating Reiterated

StoneCastle Financial's ( BANX ) price target decreased to $22 from $24 at Oppenheimer, following the company's Q4 earnings report.

StoneCastle had recorded net investment income of $0.42 per share, beating Oppenheimer's projected $0.40 per share. Its portfolio profile, the brokerage said in a note to clients, can be expected to maintain a yield of 9% or slightly higher. Oppenheimer cut its 2019 net investment income estimate to $1.60 from $1.65, but maintained its outperform rating on the stock.

The stock closed Friday at $20.72.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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