BNC Bancorp (NASDAQ:BNCN) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.58.

BNCN has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of BNC Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Friday, June 2nd. ValuEngine raised shares of BNC Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $37.75 price target on shares of BNC Bancorp in a report on Thursday, April 20th. Finally, BidaskClub raised shares of BNC Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 9th.

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Shares of BNC Bancorp (NASDAQ BNCN) opened at 35.15 on Tuesday. BNC Bancorp has a 52-week low of $21.54 and a 52-week high of $37.15. The stock’s 50 day moving average is $33.07 and its 200 day moving average is $33.59.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in BNC Bancorp by 41.0% in the first quarter. Vanguard Group Inc. now owns 3,661,566 shares of the financial services provider’s stock worth $128,338,000 after buying an additional 1,064,842 shares during the last quarter. BlackRock Inc. raised its stake in BNC Bancorp by 29,776.4% in the first quarter. BlackRock Inc. now owns 2,797,329 shares of the financial services provider’s stock worth $98,044,000 after buying an additional 2,787,966 shares during the last quarter. Mendon Capital Advisors Corp raised its stake in BNC Bancorp by 8.5% in the first quarter. Mendon Capital Advisors Corp now owns 1,753,276 shares of the financial services provider’s stock worth $61,453,000 after buying an additional 137,795 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in BNC Bancorp by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 1,637,573 shares of the financial services provider’s stock worth $57,397,000 after buying an additional 66,136 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in BNC Bancorp by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 913,519 shares of the financial services provider’s stock worth $32,019,000 after buying an additional 22,893 shares during the last quarter. 62.60% of the stock is owned by institutional investors and hedge funds.

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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