BNC Bancorp (NASDAQ:BNCN) Director Charles T. Hagan III sold 400 shares of BNC Bancorp stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $36.41, for a total transaction of $14,564.00. Following the transaction, the director now owns 40,473 shares of the company’s stock, valued at $1,473,621.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BNC Bancorp (NASDAQ:BNCN) traded down 1.22% during trading on Friday, hitting $36.40. 68,007 shares of the stock traded hands. BNC Bancorp has a 12 month low of $19.77 and a 12 month high of $36.92. The firm has a 50-day moving average price of $34.01 and a 200 day moving average price of $28.31. The firm has a market cap of $1.90 billion, a PE ratio of 26.19 and a beta of 0.90.

Insider Buying and Selling by Quarter for BNC Bancorp (NASDAQ:BNCN)

The company also recently declared an annual dividend, which will be paid on Friday, February 24th. Investors of record on Friday, February 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, February 8th. This represents a yield of 0.56%. BNC Bancorp’s payout ratio is 3.60%.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/02/17/insider-selling-bnc-bancorp-bncn-director-sells-400-shares-of-stock.html

This piece of content was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/02/17/insider-selling-bnc-bancorp-bncn-director-sells-400-shares-of-stock.html.

Several equities analysts have recently issued reports on BNCN shares. Sandler O’Neill lowered shares of BNC Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Piper Jaffray Companies started coverage on shares of BNC Bancorp in a report on Wednesday, November 16th. They set an “overweight” rating and a $30.00 target price for the company. Keefe, Bruyette & Woods lowered shares of BNC Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $26.50 to $32.00 in a report on Tuesday, November 29th. Zacks Investment Research lowered shares of BNC Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, December 20th. Finally, Stephens lowered shares of BNC Bancorp from an “overweight” rating to an “equal weight” rating in a report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. BNC Bancorp has an average rating of “Hold” and an average target price of $28.00.

Institutional investors have recently modified their holdings of the stock. Swiss National Bank increased its position in shares of BNC Bancorp by 0.6% in the third quarter. Swiss National Bank now owns 70,800 shares of the financial services provider’s stock valued at $1,722,000 after buying an additional 400 shares during the last quarter. Northpointe Capital LLC increased its position in shares of BNC Bancorp by 12.8% in the third quarter. Northpointe Capital LLC now owns 526,187 shares of the financial services provider’s stock valued at $12,797,000 after buying an additional 59,622 shares during the last quarter. ELCO Management Co. LLC purchased a new position in shares of BNC Bancorp during the third quarter valued at approximately $2,738,000. New York State Common Retirement Fund increased its position in shares of BNC Bancorp by 6.1% in the third quarter. New York State Common Retirement Fund now owns 68,277 shares of the financial services provider’s stock valued at $1,660,000 after buying an additional 3,917 shares during the last quarter. Finally, BlackRock Group LTD increased its position in shares of BNC Bancorp by 8,512.9% in the third quarter. BlackRock Group LTD now owns 906,081 shares of the financial services provider’s stock valued at $22,036,000 after buying an additional 895,561 shares during the last quarter. Institutional investors own 52.41% of the company’s stock.

About BNC Bancorp

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.

5 Day Chart for NASDAQ:BNCN

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.