BNC Bancorp (BNCN) Director John S. Ramsey, Jr. Sells 6,301 Shares
BNC Bancorp (NASDAQ:BNCN) Director John S. Ramsey, Jr. sold 6,301 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $28.18, for a total value of $177,562.18. Following the completion of the transaction, the director now directly owns 20,301 shares in the company, valued at $572,082.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of BNC Bancorp (NASDAQ:BNCN) traded up 0.68% during mid-day trading on Thursday, hitting $29.65. The stock had a trading volume of 170,948 shares. BNC Bancorp has a 52 week low of $19.45 and a 52 week high of $30.00. The stock has a market capitalization of $1546.22 billion, a P/E ratio of 20.88 and a beta of 0.80. The stock has a 50 day moving average of $24.95 and a 200-day moving average of $23.95.
BNC Bancorp (NASDAQ:BNCN) last posted its quarterly earnings data on Thursday, October 20th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. BNC Bancorp had a return on equity of 9.98% and a net margin of 22.11%. On average, equities research analysts predict that BNC Bancorp will post $1.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Stockholders of record on Friday, November 11th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. BNC Bancorp’s dividend payout ratio is currently 3.57%.
Several hedge funds and other institutional investors have recently bought and sold shares of BNCN. PNC Financial Services Group Inc. boosted its position in BNC Bancorp by 4.2% in the second quarter. PNC Financial Services Group Inc. now owns 63,006 shares of the financial services provider’s stock valued at $1,430,000 after buying an additional 2,513 shares in the last quarter. First Trust Advisors LP boosted its position in shares of BNC Bancorp by 43.2% in the second quarter. First Trust Advisors LP now owns 56,084 shares of the financial services provider’s stock valued at $1,274,000 after buying an additional 16,908 shares during the period. GSA Capital Partners LLP boosted its position in shares of BNC Bancorp by 37.0% in the second quarter. GSA Capital Partners LLP now owns 22,546 shares of the financial services provider’s stock valued at $512,000 after buying an additional 6,086 shares during the period. California Public Employees Retirement System boosted its position in shares of BNC Bancorp by 11.8% in the second quarter. California Public Employees Retirement System now owns 120,628 shares of the financial services provider’s stock valued at $2,740,000 after buying an additional 12,709 shares during the period. Finally, Emerald Acquisition Ltd. bought a new position in shares of BNC Bancorp during the second quarter valued at approximately $6,514,000. 53.91% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on BNCN shares. Gabelli downgraded BNC Bancorp from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, August 9th. Zacks Investment Research downgraded BNC Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Finally, Piper Jaffray Cos. assumed coverage on BNC Bancorp in a research report on Wednesday. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.88.
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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