BNC Bancorp (NASDAQ:BNCN) is expected to pay $0.05 on Nov 25, 2016. The indicated annual dividend is $0.05. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on BNC Bancorp’s current price of $24.15, the dividend is 0.21%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 20, 2016. The stock increased 1.05% or $0.25 on November 4, hitting $24.15. BNC Bancorp (NASDAQ:BNCN) has risen 15.00% since April 5, 2016 and is uptrending. It has outperformed by 13.04% the S&P500.
BNC Bancorp is a bank holding company for Bank of North Carolina . The company has a market cap of $1.12 billion. 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. It has a 17.11 P/E ratio. It operates through two divisions: banking activities and mortgage origination.
Insitutional Activity: The institutional sentiment increased to 1.73 in Q2 2016. Its up 0.65, from 1.08 in 2016Q1. The ratio improved, as 10 funds sold all BNC Bancorp shares owned while 27 reduced positions. 14 funds bought stakes while 50 increased positions. They now own 23.36 million shares or 11.79% more from 20.90 million shares in 2016Q1.
Royal National Bank & Trust Of Canada owns 3,197 shares or 0% of their US portfolio. Cortina Asset Mgmt Ltd Liability accumulated 170,930 shares or 0.18% of the stock. Blackrock Institutional Tru Com Na has invested 0% of its portfolio in BNC Bancorp (NASDAQ:BNCN). Moreover, Bridgeway has 0.05% invested in BNC Bancorp (NASDAQ:BNCN) for 149,250 shares. Moreover, Fisher Asset Ltd has 0% invested in BNC Bancorp (NASDAQ:BNCN) for 48,829 shares. Vanguard Group has 1.41 million shares for 0% of their US portfolio. Goldman Sachs last reported 0.01% of its portfolio in the stock. City last reported 0.01% of its portfolio in the stock. Raymond James & Associates owns 11,388 shares or 0% of their US portfolio. Phocas Financial owns 392,706 shares or 0.65% of their US portfolio. Earnest Prtn Limited Co accumulated 1,300 shares or 0% of the stock. Bragg Financial Advsrs holds 22,411 shares or 0.09% of its portfolio. Counselors Of Maryland Ltd Liability Corp holds 384,465 shares or 0.48% of its portfolio. Teachers Advsr has 0% invested in the company for 60,501 shares. Sheets Smith Wealth Mngmt holds 0.08% of its portfolio in BNC Bancorp (NASDAQ:BNCN) for 12,321 shares.
Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 1 sale for $7,110 net activity. Ramsey John S Jr sold $66,690 worth of stock or 3,000 shares. Hagan Charles T III sold 300 shares worth $7,110.
BNC Bancorp (NASDAQ:BNCN) Ratings Coverage
Out of 5 analysts covering BNC Bancorp (NASDAQ:BNCN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. BNC Bancorp has been the topic of 9 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The rating was upgraded by Raymond James on Monday, May 9 to “Outperform”. Hovde Group downgraded BNC Bancorp (NASDAQ:BNCN) on Tuesday, October 13 to “Market Perform” rating. Stephens initiated BNC Bancorp (NASDAQ:BNCN) rating on Wednesday, December 2. Stephens has “Overweight” rating and $29.50 price target. Gabelli upgraded it to “Buy” rating and $26.0 target price in Tuesday, January 26 report. As per Monday, October 26, the company rating was downgraded by Raymond James. The stock of BNC Bancorp (NASDAQ:BNCN) has “Hold” rating given on Tuesday, August 9 by Gabelli.
More notable recent BNC Bancorp (NASDAQ:BNCN) news were published by: Prnewswire.com which released: “BNC Bancorp Completes Merger With High Point Bank Corporation” on November 01, 2016, also Prnewswire.com with their article: “BNC Bancorp Announces Receipt of Regulatory Approvals for High Point Bank …” published on October 17, 2016, Journalnow.com published: “BNC Bancorp posts another record quarterly profit” on October 21, 2016. More interesting news about BNC Bancorp (NASDAQ:BNCN) were released by: Prnewswire.com and their article: “BNC Bancorp Announces Commencement Of Common Stock Offering” published on July 20, 2016 as well as Marketwatch.com‘s news article titled: “BNC Bancorp downgraded to market perform from outperform at Raymond James” with publication date: June 06, 2009.
BNCN Company Profile
BNC Bancorp, incorporated on September 19, 2002, is a bank holding firm 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. It operates through two divisions: banking activities and mortgage origination. The primary purpose of the mortgage origination segment is the origination and subsequent sale of residential mortgage loans, while all other banking activities are performed in the banking activities segment. BNC also offers brokerage services, including financial planning, wealth management, private banking and insurance products.
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