BNC Bancorp (NASDAQ:BNCN) was downgraded by investment analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

BNCN has been the topic of a number of other research reports. Zacks Investment Research downgraded BNC Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 24th. Piper Jaffray Cos. assumed coverage on BNC Bancorp in a research report on Wednesday, November 16th. They set an “overweight” rating and a $30.00 price target on the stock. Finally, Gabelli downgraded BNC Bancorp from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. BNC Bancorp has a consensus rating of “Hold” and a consensus price target of $27.38.

Analyst Recommendations for BNC Bancorp (NASDAQ:BNCN)

Shares of BNC Bancorp (NASDAQ:BNCN) opened at 30.70 on Tuesday. The company has a market capitalization of $1.60 billion, a P/E ratio of 21.74 and a beta of 0.80. The company has a 50-day moving average price of $25.45 and a 200 day moving average price of $24.14. BNC Bancorp has a 12-month low of $19.45 and a 12-month high of $30.95.

BNC Bancorp (NASDAQ:BNCN) last posted its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts anticipate that BNC Bancorp will post $1.63 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Tuesday, November 8th. BNC Bancorp’s dividend payout ratio (DPR) is currently 3.57%.

In related news, Director John S. Ramsey, Jr. sold 6,301 shares of the company’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $28.18, for a total transaction of $177,562.18. Following the completion of the sale, the director now directly owns 20,301 shares in the company, valued at approximately $572,082.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.16% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BNCN. 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 last quarter. Northpointe Capital LLC boosted its position in shares of BNC Bancorp by 17.8% in the second quarter. Northpointe Capital LLC now owns 466,565 shares of the financial services provider’s stock valued at $10,596,000 after buying an additional 70,512 shares during 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 last quarter. Mendon Capital Advisors Corp boosted its position in shares of BNC Bancorp by 17.1% in the second quarter. Mendon Capital Advisors Corp now owns 1,297,564 shares of the financial services provider’s stock valued at $29,468,000 after buying an additional 189,554 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of BNC Bancorp by 17.1% in the second quarter. Swiss National Bank now owns 70,400 shares of the financial services provider’s stock valued at $1,599,000 after buying an additional 10,300 shares during the last quarter. Hedge funds and other institutional investors own 50.07% of the company’s stock.

About BNC Bancorp

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

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