Emerald Mutual Fund Advisers Trust maintained its stake in BNC Bancorp (NASDAQ:BNCN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,605 shares of the financial services provider’s stock at the end of the second quarter. Emerald Mutual Fund Advisers Trust’s holdings in BNC Bancorp were worth $3,897,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in BNC Bancorp by 131.6% in the first quarter. Goldman Sachs Group Inc. now owns 784,614 shares of the financial services provider’s stock worth $16,571,000 after buying an additional 445,771 shares in the last quarter. Northpointe Capital LLC raised its stake in BNC Bancorp by 17.8% in the second quarter. Northpointe Capital LLC now owns 466,565 shares of the financial services provider’s stock worth $10,596,000 after buying an additional 70,512 shares in the last quarter. Menta Capital LLC purchased a new stake in BNC Bancorp during the first quarter worth approximately $276,000. Trust Co. of Virginia VA purchased a new stake in BNC Bancorp during the second quarter worth approximately $211,000. Finally, Bank of Montreal Can purchased a new stake in BNC Bancorp during the second quarter worth approximately $199,000. 49.59% of the stock is owned by institutional investors.
BNC Bancorp (NASDAQ:BNCN) traded down 0.53% during trading on Friday, reaching $24.31. The company had a trading volume of 90,266 shares. The company has a 50 day moving average price of $24.51 and a 200 day moving average price of $23.21. The company has a market capitalization of $1.17 billion, a PE ratio of 18.06 and a beta of 0.92. BNC Bancorp has a 52-week low of $19.45 and a 52-week high of $26.29.
BNC Bancorp (NASDAQ:BNCN) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. BNC Bancorp had a return on equity of 10.32% and a net margin of 20.77%. On average, equities analysts forecast that BNC Bancorp will post $1.62 EPS for the current fiscal year.
A number of analysts have recently issued reports on BNCN shares. Zacks Investment Research raised shares of BNC Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th. Gabelli lowered shares of BNC Bancorp from a “buy” rating to a “hold” rating and set a $27.00 price target for the company. in a research report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.50.
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.
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