BNC Bancorp (BNCN) Sees Strong Trading Volume
Shares of BNC Bancorp (NASDAQ:BNCN) saw unusually-strong trading volume on Friday . Approximately 282,577 shares were traded during mid-day trading, an increase of 101% from the previous session’s volume of 140,508 shares.The stock last traded at $24.13 and had previously closed at $24.11.
Several equities analysts have recently issued reports on BNCN shares. Raymond James Financial Inc. upgraded BNC Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, May 9th. Gabelli lowered BNC Bancorp from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.50.
The stock has a market cap of $1.16 billion and a P/E ratio of 17.93. The firm’s 50 day moving average is $23.90 and its 200-day moving average is $22.42.
BNC Bancorp (NASDAQ:BNCN) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. On average, analysts forecast that BNC Bancorp will post $1.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This represents a $0.20 annualized dividend and a yield of 0.83%.
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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