BNC Bancorp (BNCN) Set to Announce Quarterly Earnings on Tuesday
BNC Bancorp (NASDAQ:BNCN) will be posting its quarterly earnings results after the market closes on Tuesday, July 18th. Analysts expect BNC Bancorp to post earnings of $0.45 per share for the quarter.
BNC Bancorp (NASDAQ:BNCN) last posted its quarterly earnings data on Monday, April 17th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. BNC Bancorp had a net margin of 19.39% and a return on equity of 6.37%. The company had revenue of $74.43 million for the quarter, compared to analyst estimates of $76.80 million. On average, analysts expect BNC Bancorp to post $1.79 EPS for the current fiscal year and $2.12 EPS for the next fiscal year.
Shares of BNC Bancorp (BNCN) opened at 35.15 on Friday. The company has a 50-day moving average of $33.07 and a 200-day moving average of $33.59. BNC Bancorp has a 52-week low of $21.54 and a 52-week high of $37.15.
In other news, Director W Swope Montgomery, Jr. sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 92,852 shares in the company, valued at approximately $3,147,682.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.16% of the company’s stock.
BNCN has been the topic of several recent analyst reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $37.75 target price on shares of BNC Bancorp in a report on Thursday, April 20th. Zacks Investment Research upgraded shares of BNC Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. BidaskClub upgraded shares of BNC Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Finally, ValuEngine upgraded shares of BNC Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $32.69.
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BNC Bancorp Company Profile
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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