BNC Bancorp (BNCN) Given Daily Media Impact Rating of -0.15
News coverage about BNC Bancorp (NASDAQ:BNCN) has been trending somewhat negative this week, Alpha One reports. Alpha One, a division of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BNC Bancorp earned a media sentiment score of -0.15 on Alpha One’s scale. Alpha One also gave press coverage about the financial services provider an impact score of 96 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next few days.
Shares of BNC Bancorp (NASDAQ:BNCN) opened at 32.00 on Friday. The company has a market cap of $1.67 billion, a PE ratio of 24.39 and a beta of 0.90. The stock’s 50 day moving average price is $33.00 and its 200-day moving average price is $33.14. BNC Bancorp has a one year low of $21.54 and a one year high of $37.15.
BNC Bancorp (NASDAQ:BNCN) last released its earnings results on Monday, April 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. BNC Bancorp had a net margin of 21.87% and a return on equity of 10.48%. The firm had revenue of $74.43 million during the quarter, compared to the consensus estimate of $76.80 million. On average, analysts expect that BNC Bancorp will post $1.80 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, May 10th. BNC Bancorp’s dividend payout ratio is currently 3.60%.
A number of research firms recently commented on BNCN. Zacks Investment Research upgraded BNC Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, April 21st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $37.75 price target on shares of BNC Bancorp in a report on Thursday, April 20th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. BNC Bancorp currently has a consensus rating of “Hold” and a consensus target price of $33.19.
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In other news, Director Matthew W. Mcinnis sold 25,000 shares of the stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $33.81, for a total transaction of $845,250.00. Following the completion of the transaction, the director now directly owns 7,819 shares of the company’s stock, valued at approximately $264,360.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Swope Montgomery, Jr. sold 1,500 shares of the stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $33.90, for a total transaction of $50,850.00. Following the transaction, the director now directly owns 92,852 shares of the company’s stock, valued at $3,147,682.80. The disclosure for this sale can be found here. 6.16% of the stock is owned by corporate insiders.
About BNC Bancorp
BNC Bancorp is a one-bank holding company for Bank of North Carolina (the Bank). The Bank is a full service commercial bank, which provides a range of banking services tailored to the particular banking needs of the communities it serves. It is 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 commercial and consumer loans.
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