Zacks Investment Research downgraded shares of BNC Bancorp (NASDAQ:BNCN) from a hold rating to a sell rating in a report issued on Tuesday.

According to Zacks, “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. “

Analyst Recommendations for BNC Bancorp (NASDAQ:BNCN)

Separately, Gabelli cut BNC Bancorp from a buy rating to a hold rating and set a $27.00 price objective on the stock. in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $26.50.

Shares of BNC Bancorp (NASDAQ:BNCN) opened at 25.10 on Tuesday. BNC Bancorp has a one year low of $19.45 and a one year high of $26.29. The stock has a market cap of $1.21 billion, a P/E ratio of 18.65 and a beta of 0.85. The firm’s 50-day moving average price is $24.44 and its 200 day moving average price is $22.97.

BNC Bancorp (NASDAQ:BNCN) last posted its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. BNC Bancorp had a return on equity of 10.32% and a net margin of 20.77%. Equities research analysts expect that BNC Bancorp will post $1.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Wednesday, August 10th. BNC Bancorp’s dividend payout ratio is presently 15.04%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Mendon Capital Advisors Corp boosted its position in shares of BNC Bancorp by 27.4% in the first quarter. Mendon Capital Advisors Corp now owns 1,108,010 shares of the financial services provider’s stock worth $23,401,000 after buying an additional 238,290 shares in the last quarter. RMB Capital Management LLC boosted its position in shares of BNC Bancorp by 24.9% in the first quarter. RMB Capital Management LLC now owns 450,451 shares of the financial services provider’s stock worth $9,514,000 after buying an additional 89,745 shares in the last quarter. Menta Capital LLC bought a new position in shares of BNC Bancorp during the first quarter worth approximately $276,000. State Street Corp boosted its position in shares of BNC Bancorp by 4.6% in the first quarter. State Street Corp now owns 470,754 shares of the financial services provider’s stock worth $9,939,000 after buying an additional 20,534 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of BNC Bancorp by 131.6% in the first quarter. Goldman Sachs Group Inc. now owns 784,614 shares of the financial services provider’s stock worth $16,571,000 after buying an additional 445,771 shares in the last quarter. Institutional investors own 49.59% of the company’s stock.

About BNC Bancorp

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.

5 Day Chart for NASDAQ:BNCN

Get a free copy of the Zacks research report on BNC Bancorp (BNCN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BNC Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BNC Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.