BNC Bancorp Upgraded to “Outperform” by Raymond James (BNCN)
BNC Bancorp (NASDAQ:BNCN) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of BNC Bancorp from $14.50 to $15.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock.
Shares of BNC Bancorp (NASDAQ:BNCN) opened at 13.04 on Monday. BNC Bancorp has a 52 week low of $7.34 and a 52 week high of $14.35. The stock’s 50-day moving average is $13.37 and its 200-day moving average is $11.37. The company has a market cap of $345.6 million and a price-to-earnings ratio of 19.23.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Wednesday, November 13th.
BNC Bancorp is a bank holding company of Bank of North Carolina (NASDAQ:BNCN).
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