Somewhat Favorable Press Coverage Somewhat Unlikely to Impact BNC Bancorp (BNCN) Share Price
News headlines about BNC Bancorp (NASDAQ:BNCN) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BNC Bancorp earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.7220088528706 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of BNC Bancorp (NASDAQ:BNCN) opened at 35.15 on Thursday. BNC Bancorp has a 12-month low of $21.54 and a 12-month high of $37.15. The company’s 50 day moving average price is $33.07 and its 200 day moving average price is $33.59.
A number of equities research analysts have weighed in on BNCN shares. Zacks Investment Research raised BNC Bancorp from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, June 2nd. ValuEngine raised BNC Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.75 price objective on shares of BNC Bancorp in a report on Thursday, April 20th. Finally, BidaskClub raised BNC Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $34.58.
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About BNC Bancorp
BNC Bancorp is a one-bank holding company for Bank of North Carolina (the Bank). The Bank is a full service commercial bank, which provides a range of banking services tailored to the particular banking needs of the communities it serves. It is 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 commercial and consumer loans.
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