Teachers Advisors LLC Increases Position in BNC Bancorp (BNCN)
Teachers Advisors LLC boosted its position in shares of BNC Bancorp (NASDAQ:BNCN) by 3.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,722 shares of the financial services provider’s stock after buying an additional 2,149 shares during the period. Teachers Advisors LLC owned approximately 0.13% of BNC Bancorp worth $2,374,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ARP Americas LLC purchased a new position in shares of BNC Bancorp during the first quarter worth approximately $9,567,000. Eagle Asset Management Inc. purchased a new position in shares of BNC Bancorp during the first quarter worth approximately $7,830,000. First Trust Advisors LP boosted its position in shares of BNC Bancorp by 61.7% in the first quarter. First Trust Advisors LP now owns 142,272 shares of the financial services provider’s stock worth $4,987,000 after buying an additional 54,284 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of BNC Bancorp during the first quarter worth approximately $1,868,000. Finally, Stifel Financial Corp purchased a new position in shares of BNC Bancorp during the first quarter worth approximately $575,000. Institutional investors own 62.60% of the company’s stock.
Shares of BNC Bancorp (NASDAQ BNCN) traded down 0.28% on Thursday, reaching $35.15. The firm has a 50-day moving average price of $33.07 and a 200-day moving average price of $33.59. BNC Bancorp has a one year low of $21.54 and a one year high of $37.15.
COPYRIGHT VIOLATION WARNING: “Teachers Advisors LLC Increases Position in BNC Bancorp (BNCN)” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/17/teachers-advisors-llc-increases-position-in-bnc-bancorp-bncn.html.
BNCN has been the subject of a number of research reports. 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 research note on Friday, April 21st. ValuEngine upgraded BNC Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $37.75 price target on shares of BNC Bancorp in a research note on Thursday, April 20th. Finally, BidaskClub upgraded BNC Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $34.58.
BNC Bancorp Company Profile
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.
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.