BNC Bancorp (NASDAQ:BNCN) was down 1.5% on Thursday . The company traded as low as $22.40 and last traded at $22.74, with a volume of 815,041 shares trading hands. The stock had previously closed at $23.09.

A number of equities research analysts recently weighed in on BNCN shares. Zacks Investment Research downgraded shares of BNC Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, March 29th. Hovde Group raised their target price on shares of BNC Bancorp from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Monday, April 25th. Finally, Raymond James Financial Inc. raised shares of BNC Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $26.30.

The stock has a 50-day moving average of $23.09 and a 200 day moving average of $22.13. The stock has a market cap of $951.53 million and a PE ratio of 17.68.

BNC Bancorp (NASDAQ:BNCN) last posted its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. On average, equities analysts forecast that BNC Bancorp will post $1.58 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.86%.

In other news, Director W Swope Montgomery, Jr. sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $21.98, for a total transaction of $98,910.00. Following the sale, the director now directly owns 94,852 shares of the company’s stock, valued at approximately $2,084,846.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John S. Ramsey, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $22.23, for a total value of $66,690.00. Following the sale, the director now directly owns 17,000 shares in the company, valued at $377,910. The disclosure for this sale can be found here.

Other hedge funds have recently modified their holdings of the company. Pear Tree Advisors Inc. purchased a new stake in shares of BNC Bancorp during the fourth quarter valued at about $2,188,000. Dimensional Fund Advisors LP boosted its stake in shares of BNC Bancorp by 54.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 311,568 shares of the financial services provider’s stock valued at $7,908,000 after buying an additional 109,467 shares during the period. Polaris Capital Management LLC boosted its stake in shares of BNC Bancorp by 5.0% in the fourth quarter. Polaris Capital Management LLC now owns 416,895 shares of the financial services provider’s stock valued at $10,581,000 after buying an additional 19,700 shares during the period. EJF Capital LLC boosted its stake in shares of BNC Bancorp by 97.8% in the fourth quarter. EJF Capital LLC now owns 556,172 shares of the financial services provider’s stock valued at $14,116,000 after buying an additional 275,000 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of BNC Bancorp by 14.2% in the fourth quarter. Victory Capital Management Inc. now owns 66,282 shares of the financial services provider’s stock valued at $1,682,000 after buying an additional 8,253 shares during the period.

BNC Bancorp is a bank holding company 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.