Stock Taper 
StoneCastle Financial Corp., a U.S.-based closed-end fund managed by StoneCastle Asset Management, invests in U.S. banking stocks and subordinated debt using fundamental, bottom-up analysis and proprietary research.
ArrowMark Financial Corp. is a closed-end fund that invests mainly in financial institution-issued securities to generate current income for shareholders.
In a significant move to raise capital, ArrowMark Financial Corp. entered into a securities purchase agreement with investors for a registered direct offering of 673,249 shares of its common stock at a price of $22.28 per share. The transaction, which was accretive to existing shareholders as the price was above the Net Asset Value (NAV) of $22.20 at the time, generated gross proceeds of approximately $14.9 million.
In a move to provide more frequent and consistent income to its shareholders, ArrowMark Financial Corp.'s Board of Directors approved a change in the company's cash distribution frequency from quarterly to monthly. This decision reflects the fund's income-generating profile and its commitment to delivering regular returns to investors.
ArrowMark Financial Corp. (NASDAQ: BANX - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $19.96 and traded as low as $19.96. ArrowMark Financial shares last traded at $19.96, with a volume of 27,485 shares trading hands. ArrowMark
ArrowMark Financial Corp offers unique exposure to regulatory capital relief securities, benefiting from a rising rate environment with nearly 90% floating-rate assets. BANX's discount has evaporated, now trading at a slight premium, helping drive strong performance post-rights offering earlier this year. Despite no longer being a bargain, BANX remains a respectable 'hold' due to steady distributions with strong coverage and in the right environment to get stronger.
Overall rating: A-
| PEER | PRICE | |
|---|---|---|
 NOAH | $7.63 | COMPARE |
 CFBK | $34.43 | COMPARE |
 LARK | $31.48 | COMPARE |
 EMIS | $10.29 | COMPARE |
 WHF | $7.00 | COMPARE |
 OXSQ | $1.27 | COMPARE |
 STEX | $0.50 | COMPARE |
 FLD | $0.53 | COMPARE |
