Stock Worth Watching: BNC Bancorp’s Stock Is Buy After Today’s Big Increase

Stock Worth Watching: BNC Bancorp's Stock Is Buy After Today's Big Increase

The stock of BNC Bancorp (NASDAQ:BNCN) is a huge mover today! About 148,806 shares traded hands. BNC Bancorp (NASDAQ:BNCN) has risen 31.00% since April 14, 2016 and is uptrending. It has outperformed by 26.31% the S&P500.
The move comes after 7 months positive chart setup for the $1.56B company. It was reported on Nov, 16 by Barchart.com. We have $35.57 PT which if reached, will make NASDAQ:BNCN worth $327.60M more.

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 company was upgraded on Tuesday, January 26 by Gabelli. The firm has “Market Perform” rating by Raymond James given on Monday, October 26. The firm has “Outperform” rating given on Monday, May 9 by Raymond James. As per Tuesday, August 9, the company rating was downgraded by Gabelli. The rating was downgraded by Hovde Group to “Market Perform” on Tuesday, October 13. Stephens initiated BNC Bancorp (NASDAQ:BNCN) rating on Wednesday, December 2. Stephens has “Overweight” rating and $29.50 price target.

According to Zacks Investment Research, “BNC Bancorp provides a complete line of banking and financial services to individuals and businesses through full-service banking offices located in the cities of Thomasville, Archdale, Lexington, Kernersville and Oak Ridge, North Carolina.”

Insitutional Activity: The institutional sentiment increased to 1.73 in Q2 2016. Its up 0.65, from 1.08 in 2016Q1. The ratio is positive, 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.
Citadel Advsr reported 11,265 shares or 0% of all its holdings. Renaissance Technologies Ltd Liability Com has 0.01% invested in the company for 345,751 shares. Envestnet Asset Mngmt Incorporated has 2,147 shares for 0% of their US portfolio. Menta Capital Ltd Llc last reported 13,084 shares in the company. Ladenburg Thalmann Financial Ser last reported 2,881 shares in the company. Bancorporation Of Montreal Can has invested 0% of its portfolio in BNC Bancorp (NASDAQ:BNCN). Banc Funds Ltd Co, a Illinois-based fund reported 273,205 shares. Moreover, Bragg Financial Advsr Inc has 0.09% invested in BNC Bancorp (NASDAQ:BNCN) for 22,411 shares. Phocas Fincl Corp accumulated 0.65% or 392,706 shares. Teacher Retirement System Of Texas accumulated 0% or 5,449 shares. Dixon Hubard Feinour & Brown Inc Va has 31,377 shares for 0.23% of their US portfolio. Delta Asset Mngmt Ltd Limited Liability Company Tn has invested 0% of its portfolio in BNC Bancorp (NASDAQ:BNCN). Invesco Ltd reported 44,687 shares or 0% of all its holdings. Arcadia Inv Mgmt Mi accumulated 0.01% or 1,150 shares. Manufacturers Life Ins The last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 2 insider sales for $184,672 net activity. $177,562 worth of shares were sold by Ramsey John S Jr on Tuesday, November 15. Hagan Charles T III sold 300 shares worth $7,110.

More notable recent BNC Bancorp (NASDAQ:BNCN) news were published by: Journalnow.com which released: “BNC Bancorp posts another record quarterly profit” on October 21, 2016, also Prnewswire.com with their article: “BNC Bancorp Announces Commencement Of Common Stock Offering” published on July 20, 2016, Prnewswire.com published: “BNC Bancorp Signs Definitive Agreement To Acquire High Point Bank Corporation” on November 16, 2015. More interesting news about BNC Bancorp (NASDAQ:BNCN) were released by: Prnewswire.com and their article: “BNC Bancorp Announces FDIC Approval for High Point Bank Corporation Merger …” published on October 04, 2016 as well as Prnewswire.com‘s news article titled: “BNC Bancorp Signs Definitive Agreement To Acquire Mt. Pleasant-Based …” with publication date: August 14, 2015.

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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