BNC Bancorp (NASDAQ:BNCN) has been assigned an average recommendation of “Hold” from the six analysts that are covering the company, Market Beat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $28.75.
A number of analysts recently issued reports on the company. Raymond James downgraded BNC Bancorp from an “outperform” rating to a “market perform” rating in a research report on Monday, October 26th. Zacks Investment Research raised BNC Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 29th. Stephens assumed coverage on BNC Bancorp in a research report on Wednesday, December 2nd. They issued an “overweight” rating and a $29.50 target price on the stock. Keefe, Bruyette & Woods lifted their target price on BNC Bancorp from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, November 17th. Finally, Gabelli reaffirmed a “hold” rating on shares of BNC Bancorp in a research report on Tuesday, December 1st.
BNC Bancorp (NASDAQ:BNCN) traded down 1.65% during trading on Monday, reaching $24.96. The company’s stock had a trading volume of 27,303 shares. The firm’s 50-day moving average is $25.30 and its 200-day moving average is $22.44. The stock has a market cap of $952.15 million and a P/E ratio of 20.78. BNC Bancorp has a 52-week low of $15.52 and a 52-week high of $26.29.
BNC Bancorp (NASDAQ:BNCN) last released its quarterly earnings results on Friday, October 23rd. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Equities research analysts forecast that BNC Bancorp will post $1.32 EPS for the current year.
In other BNC Bancorp news, Director Lenin J. Peters purchased 15,000 shares of the company’s stock in a transaction dated Thursday, November 19th. The stock was bought at an average cost of $23.50 per share, for a total transaction of $352,500.00. Following the completion of the transaction, the director now owns 381,488 shares in the company, valued at $8,964,968. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
A hedge fund recently raised its stake in BNC Bancorp stock. MUFG Americas boosted its stake in shares of BNC Bancorp (NASDAQ:BNCN) by 13.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,540 shares of the financial services provider’s stock after buying an additional 300 shares during the period. MUFG Americas’ holdings in BNC Bancorp were worth $56,000 at the end of the most recent reporting period.
BNC Bancorp is a bank holding company for Bank of North Carolina (NASDAQ:BNCN). BNC is a full service commercial bank principally engaged in the business of attracting deposits from the general public and using those deposits, together with other funding from its lines of credit, to make primarily consumer and commercial loans. The Company’s operations are managed along two operating segments consisting of banking operations and mortgage origination. The primary purpose of the mortgage origination operating segment is the origination and subsequent sale of residential mortgage loans, while all other banking activities are performed in the banking operations segment. BNC also offers brokerage services, including financial planning, wealth management, private banking and insurance products.