BNC Bancorp (NASDAQ:BNCN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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 lowered shares of BNC Bancorp from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.50.

Analyst Recommendations for BNC Bancorp (NASDAQ:BNCN)

Shares of BNC Bancorp (NASDAQ:BNCN) traded down 1.62% during mid-day trading on Tuesday, hitting $24.35. 65,875 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $24.53 and a 200-day moving average price of $23.28. BNC Bancorp has a 52 week low of $19.45 and a 52 week high of $26.29. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 18.09 and a beta of 0.92.

BNC Bancorp (NASDAQ:BNCN) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. BNC Bancorp had a net margin of 20.77% and a return on equity of 10.32%. On average, equities analysts anticipate that BNC Bancorp will post $1.62 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in BNCN. Schwab Charles Investment Management Inc. raised its position in BNC Bancorp by 10.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 136,037 shares of the financial services provider’s stock worth $3,090,000 after buying an additional 13,324 shares in the last quarter. Legal & General Group Plc raised its position in 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 in the last quarter. Metropolitan Life Insurance Co. NY raised its position in BNC Bancorp by 37.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 27,889 shares of the financial services provider’s stock worth $633,000 after buying an additional 7,601 shares in the last quarter. Panagora Asset Management Inc. raised its position in BNC Bancorp by 43.5% in the second quarter. Panagora Asset Management Inc. now owns 52,736 shares of the financial services provider’s stock worth $1,198,000 after buying an additional 15,976 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in BNC Bancorp by 12.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,547 shares of the financial services provider’s stock worth $285,000 after buying an additional 1,380 shares in the last quarter. 49.59% of the stock is currently owned by 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.

5 Day Chart for NASDAQ:BNCN

Receive News & Stock 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 stocks with our FREE daily email newsletter.