BNC Bancorp COO Richard Callicutt II Sells 2,500 Shares (BNCN)
BNC Bancorp (NASDAQ:BNCN) COO Richard Callicutt II unloaded 2,500 shares of BNC Bancorp stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $13.53, for a total value of $33,825.00. Following the completion of the transaction, the chief operating officer now directly owns 182,554 shares in the company, valued at approximately $2,469,956. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill raised their price target on shares of BNC Bancorp (NASDAQ:BNCN) from $12.50 to $15.50 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Separately, analysts at Susquehanna downgraded shares of BNC Bancorp (NASDAQ:BNCN) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 26th. Finally, analysts at Raymond James downgraded shares of BNC Bancorp (NASDAQ:BNCN) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 26th. They now have a $13.00 price target on the stock.
Shares of BNC Bancorp (NASDAQ:BNCN) traded down 0.22% on Tuesday, hitting $13.53. 32,659 shares of the company’s stock traded hands. BNC Bancorp has a 52 week low of $7.34 and a 52 week high of $14.35. The stock has a 50-day moving average of $13.33 and a 200-day moving average of $11.60. The company has a market cap of $358.4 million and a P/E ratio of 25.20.
BNC Bancorp is a bank holding company of Bank of North Carolina (NASDAQ:BNCN).
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