BNC Bancorp (NASDAQ:BNCN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “BNC Bancorp provides a complete line of banking and financial services to individuals and businesses through full-service banking offices located in the cities of Thomasville, Archdale, Lexington, Kernersville and Oak Ridge, North Carolina. “

Separately, Gabelli lowered BNC Bancorp from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. BNC Bancorp presently has an average rating of “Hold” and a consensus target price of $26.50.

Analyst Recommendations for BNC Bancorp (NASDAQ:BNCN)

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BNC Bancorp (NASDAQ:BNCN) traded down 0.72% on Tuesday, hitting $24.77. The stock had a trading volume of 100,084 shares. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 18.40 and a beta of 0.85. BNC Bancorp has a 52-week low of $19.45 and a 52-week high of $26.29. The company has a 50 day moving average price of $24.38 and a 200-day moving average price of $22.91.

BNC Bancorp (NASDAQ:BNCN) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. BNC Bancorp had a return on equity of 10.32% and a net margin of 20.77%. On average, equities research analysts predict that BNC Bancorp will post $1.62 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Wednesday, August 10th. BNC Bancorp’s dividend payout ratio is currently 15.04%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its position in shares of BNC Bancorp by 10.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 136,037 shares of the financial services provider’s stock valued at $3,090,000 after buying an additional 13,324 shares in the last quarter. Legal & General Group Plc increased its stake in BNC Bancorp by 7.0% in the second quarter. Legal & General Group Plc now owns 4,724 shares of the financial services provider’s stock valued at $106,000 after buying an additional 311 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in BNC Bancorp by 37.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 27,889 shares of the financial services provider’s stock valued at $633,000 after buying an additional 7,601 shares during the last quarter. Panagora Asset Management Inc. increased its stake in BNC Bancorp by 43.5% in the second quarter. Panagora Asset Management Inc. now owns 52,736 shares of the financial services provider’s stock valued at $1,198,000 after buying an additional 15,976 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in BNC Bancorp by 12.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,547 shares of the financial services provider’s stock valued at $285,000 after buying an additional 1,380 shares during the last quarter. 49.59% of the stock is currently owned by institutional investors.

BNC Bancorp Company Profile

BNC Bancorp is a bank holding company for Bank of North Carolina (BNC or the Bank). BNC is a full service commercial bank principally 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 primarily consumer and commercial loans.

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