According to Zacks, “BNC Bancorp provides a complete line of banking and financial services to individuals and businesses through full-service banking offices located in the cities of Thomasville, Archdale, Lexington, Kernersville and Oak Ridge, North Carolina. “
Separately, Gabelli downgraded BNC Bancorp from a buy rating to a hold rating and set a $27.00 target price on the stock. in a report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $26.50.
BNC Bancorp (NASDAQ:BNCN) opened at 24.96 on Tuesday. BNC Bancorp has a 52-week low of $19.45 and a 52-week high of $26.29. The stock’s 50 day moving average is $24.47 and its 200-day moving average is $22.99. The firm has a market capitalization of $1.20 billion, a PE ratio of 18.54 and a beta of 0.85.
BNC Bancorp (NASDAQ:BNCN) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. BNC Bancorp had a return on equity of 10.32% and a net margin of 20.77%. Equities analysts expect that BNC Bancorp will post $1.62 earnings per share for the current year.
Large investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of BNC Bancorp by 7.0% in the second quarter. Legal & General Group Plc now owns 4,724 shares of the financial services provider’s stock worth $106,000 after buying an additional 311 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in BNC Bancorp by 22.1% in the second quarter. Teacher Retirement System of Texas now owns 5,449 shares of the financial services provider’s stock valued at $124,000 after buying an additional 986 shares in the last quarter. BlackRock Inc. boosted its stake in BNC Bancorp by 317.4% in the second quarter. BlackRock Inc. now owns 8,194 shares of the financial services provider’s stock valued at $186,000 after buying an additional 6,231 shares in the last quarter. Bank of Montreal Can acquired a new stake in BNC Bancorp during the second quarter valued at $199,000. Finally, Trust Co. of Virginia VA acquired a new stake in BNC Bancorp during the second quarter valued at $211,000. 49.59% of the stock is owned by hedge funds and other institutional investors.
BNC Bancorp Company Profile
BNC Bancorp is a bank holding company for Bank of North Carolina (BNC or the Bank). 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BNC Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BNC Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.