BNC Bancorp (NASDAQ:BNCN) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.69.

Several analysts recently commented on BNCN shares. Zacks Investment Research upgraded shares of BNC Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $37.75 price target on shares of BNC Bancorp in a research report on Thursday, April 20th. ValuEngine upgraded shares of BNC Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of BNC Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 9th.

Shares of BNC Bancorp (NASDAQ BNCN) opened at 35.15 on Monday. BNC Bancorp has a 1-year low of $21.54 and a 1-year high of $37.15. The stock has a 50 day moving average of $33.07 and a 200-day moving average of $33.59.

BNC Bancorp (NASDAQ:BNCN) last issued its quarterly earnings data on Monday, April 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $74.43 million during the quarter, compared to the consensus estimate of $76.80 million. BNC Bancorp had a net margin of 20.43% and a return on equity of 9.77%. Equities research analysts expect that BNC Bancorp will post $1.79 earnings per share for the current fiscal year.

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In related news, Director W Swope Montgomery, Jr. sold 1,500 shares of the company’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $33.90, for a total value of $50,850.00. Following the completion of the sale, the director now owns 92,852 shares in the company, valued at approximately $3,147,682.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew W. Mcinnis sold 25,000 shares of the company’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $33.81, for a total transaction of $845,250.00. Following the completion of the sale, the director now owns 7,819 shares of the company’s stock, valued at approximately $264,360.39. The disclosure for this sale can be found here. 6.16% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in BNCN. Russell Investments Group Ltd. acquired a new stake in BNC Bancorp during the fourth quarter valued at approximately $7,715,000. State Street Corp increased its stake in BNC Bancorp by 11.2% in the fourth quarter. State Street Corp now owns 703,830 shares of the financial services provider’s stock valued at $22,454,000 after buying an additional 70,903 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in BNC Bancorp by 3.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 14,509 shares of the financial services provider’s stock valued at $463,000 after buying an additional 475 shares during the period. Dimensional Fund Advisors LP increased its stake in BNC Bancorp by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 890,626 shares of the financial services provider’s stock valued at $28,411,000 after buying an additional 71,941 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in BNC Bancorp during the fourth quarter valued at approximately $479,000. Hedge funds and other institutional investors own 62.60% of the company’s stock.

About BNC Bancorp

BNC Bancorp is a one-bank holding company for Bank of North Carolina (the Bank). The Bank is a full service commercial bank, which provides a range of banking services tailored to the particular banking needs of the communities it serves. It is 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 commercial and consumer loans.

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