BNC Bancorp (NASDAQ:BNCN) shares saw an uptick in trading volume on Friday . 1,154,113 shares changed hands during trading, an increase of 184% from the previous session’s volume of 405,863 shares.The stock last traded at $24.26 and had previously closed at $24.41.

A number of brokerages recently commented on BNCN. Zacks Investment Research lowered shares of BNC Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Raymond James Financial Inc. upgraded shares of BNC Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, May 9th. Finally, Hovde Group raised their price objective on shares of BNC Bancorp from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Monday, April 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. BNC Bancorp has a consensus rating of “Buy” and a consensus target price of $26.30.

The company has a market cap of $1.10 billion and a price-to-earnings ratio of 17.98. The company has a 50 day moving average price of $23.17 and a 200 day moving average price of $22.13.

BNC Bancorp (NASDAQ:BNCN) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. Equities research analysts predict that BNC Bancorp will post $1.60 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, August 10th.

In other BNC Bancorp news, Director John S. Ramsey, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $22.23, for a total value of $66,690.00. Following the completion of the transaction, the director now directly owns 17,000 shares in the company, valued at approximately $377,910. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Other institutional investors have made changes to their positions in the company. New York State Common Retirement Fund boosted its position in shares of BNC Bancorp by 8.6% in the fourth quarter. New York State Common Retirement Fund now owns 52,120 shares of the financial services provider’s stock valued at $1,323,000 after buying an additional 4,122 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of BNC Bancorp by 20.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,584 shares of the financial services provider’s stock valued at $1,031,000 after buying an additional 6,947 shares during the period. Victory Capital Management Inc. boosted its position 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. Polaris Capital Management LLC boosted its position 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. Finally, Russell Frank Co boosted its position in shares of BNC Bancorp by 131.6% in the fourth quarter. Russell Frank Co now owns 42,028 shares of the financial services provider’s stock valued at $1,082,000 after buying an additional 23,880 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.

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