BNC Bancorp (NASDAQ:BNCN) shares were down 1.5% during mid-day trading 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 research analysts have issued reports on BNCN shares. Raymond James Financial Inc. upgraded shares of BNC Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, May 9th. Zacks Investment Research downgraded shares of BNC Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, April 21st. Finally, Hovde Group upped 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 report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. BNC Bancorp currently has a consensus rating of “Buy” and a consensus price target of $26.30.

The stock has a market cap of $1.09 billion and a price-to-earnings ratio of 17.85. The firm’s 50 day moving average price is $23.10 and its 200 day moving average price is $22.13.

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, beating the Zacks’ consensus estimate of $0.39 by $0.02. Analysts predict that BNC Bancorp will post $1.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Wednesday, August 10th.

In other BNC Bancorp news, Director John S. Ramsey, Jr. sold 3,000 shares of BNC Bancorp stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $22.23, for a total value of $66,690.00. Following the transaction, the director now owns 17,000 shares in the company, valued at $377,910. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Swope Montgomery, Jr. sold 4,500 shares of BNC Bancorp stock in a transaction dated Tuesday, April 26th. The shares were sold at an average price of $21.98, for a total value of $98,910.00. Following the completion of the transaction, the director now owns 94,852 shares in the company, valued at approximately $2,084,846.96. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. EJF Capital LLC boosted its position in BNC Bancorp by 97.8% in the fourth quarter. EJF Capital LLC now owns 556,172 shares of the financial services provider’s stock worth $14,116,000 after buying an additional 275,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 worth $7,908,000 after buying an additional 109,467 shares in the last quarter. Pear Tree Advisors Inc. acquired a new position in BNC Bancorp during the fourth quarter worth about $2,188,000. Swiss National Bank acquired a new position in BNC Bancorp during the fourth quarter worth about $1,246,000. Finally, Neuberger Berman Group LLC acquired a new position in BNC Bancorp during the fourth quarter worth about $1,142,000.

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.

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