BNC Bancorp (BNCN) Announces Quarterly Dividend of $0.05
BNC Bancorp (NASDAQ:BNCN) declared a quarterly dividend on Wednesday, January 22nd, Stock Ratings Network.com reports. Investors of record on Friday, February 14th will be given a dividend of 0.05 per share on Friday, February 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.16%.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of BNC Bancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, December 19th. They now have a $19.00 price target on the stock, up previously from $15.00. On the ratings front, analysts at Raymond James upgraded shares of BNC Bancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, October 28th.
Shares of BNC Bancorp (NASDAQ:BNCN) opened at 17.30 on Wednesday. BNC Bancorp has a one year low of $8.00 and a one year high of $17.57. The stock has a 50-day moving average of $16.25 and a 200-day moving average of $14.07. The company has a market cap of $459.6 million and a price-to-earnings ratio of 25.47.
BNC Bancorp is a bank holding company of Bank of North Carolina (NASDAQ:BNCN).
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