November 28, 2016 - By Nellie Frank · 0 Comments
The stock of Bnc Bancorp NC (NASDAQ:BNCN) registered a decrease of 0.96% in short interest. BNCN’s total short interest was 1.38 million shares in November as published by FINRA. Its down 0.96% from 1.39M shares, reported previously. With 193,800 shares average volume, it will take short sellers 7 days to cover their BNCN’s short positions. The short interest to Bnc Bancorp NC’s float is 3.47%. The stock decreased 2.25% or $0.7 on November 25, hitting $30.4. BNC Bancorp (NASDAQ:BNCN) has risen 39.83% since April 25, 2016 and is uptrending. It has outperformed by 33.82% the S&P500.
BNC Bancorp is a bank holding company for Bank of North Carolina . The company has a market cap of $1.55 billion. 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. It has a 21.54 P/E ratio. It operates through two divisions: banking activities and mortgage origination.
Insitutional Activity: The institutional sentiment decreased to 1.49 in Q2 2016. Its down 0.24, from 1.73 in 2016Q1. The ratio worsened, as 10 funds sold all BNC Bancorp shares owned while 27 reduced positions. 14 funds bought stakes while 50 increased positions. They now own 23.36 million shares or 11.79% more from 20.90 million shares in 2016Q1.
Elizabeth Park Advisors Limited holds 5.03% or 520,688 shares in its portfolio. Arcadia Investment Management Mi last reported 0.01% of its portfolio in the stock. Sheets Smith Wealth Mgmt accumulated 0.08% or 12,321 shares. State Street accumulated 0% or 563,690 shares. Moreover, State Common Retirement Fund has 0% invested in BNC Bancorp (NASDAQ:BNCN) for 64,360 shares. California State Teachers Retirement Systems accumulated 0% or 79,410 shares. Blackrock Investment Mgmt Limited Liability Company has 0% invested in the company for 153,810 shares. Tower Rech Ltd Liability Company (Trc) last reported 0.01% of its portfolio in the stock. Apg Asset Nv has 0.01% invested in the company for 215,981 shares. Creative Planning accumulated 0% or 1,004 shares. The New York-based Morgan Stanley has invested 0% in BNC Bancorp (NASDAQ:BNCN). First Trust Advsr Lp holds 56,084 shares or 0% of its portfolio. Commonwealth Equity Svcs Inc has invested 0% of its portfolio in BNC Bancorp (NASDAQ:BNCN). Susquehanna Gru Limited Liability Partnership has 0% invested in the company for 54,300 shares. Panagora Asset Management Incorporated accumulated 0.01% or 52,736 shares.
Insider Transactions: Since November 15, 2016, the stock had 0 buys, and 1 sale for $177,562 net activity. Another trade for 6,301 shares valued at $177,562 was made by Ramsey John S Jr on Tuesday, November 15.
Out of 8 analysts covering BNC Bancorp (NASDAQ:BNCN), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. BNC Bancorp has been the topic of 12 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The rating was initiated by Stephens on Wednesday, December 2 with “Overweight”. The company was upgraded on Monday, May 9 by Raymond James. The stock has “Hold” rating given by Sandler O’Neill on Tuesday, November 22. Gabelli downgraded the shares of BNCN in a report on Tuesday, August 9 to “Hold” rating. The stock has “Market Perform” rating given by Hovde Group on Tuesday, October 13. Raymond James downgraded the shares of BNCN in a report on Monday, October 26 to “Market Perform” rating. The firm earned “Buy” rating on Tuesday, January 26 by Gabelli. As per Wednesday, November 16, the company rating was initiated by Piper Jaffray.
BNC Bancorp, incorporated on September 19, 2002, is a bank holding firm 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. It operates through two divisions: banking activities and mortgage origination. The primary purpose of the mortgage origination segment is the origination and subsequent sale of residential mortgage loans, while all other banking activities are performed in the banking activities segment. BNC also offers brokerage services, including financial planning, wealth management, private banking and insurance products.
More notable recent BNC Bancorp (NASDAQ:BNCN) news were published by: Prnewswire.com which released: “BNC Bancorp Completes Merger With High Point Bank Corporation” on November 01, 2016, also Marketwatch.com with their article: “BNC Bancorp downgraded to market perform from outperform at Raymond James” published on June 06, 2009, Prnewswire.com published: “BNC Bancorp Announces Commencement Of Common Stock Offering” on July 20, 2016. More interesting news about BNC Bancorp (NASDAQ:BNCN) were released by: Prnewswire.com and their article: “BNC Bancorp Announces FDIC Approval for High Point Bank Corporation Merger …” published on October 04, 2016 as well as Prnewswire.com‘s news article titled: “BNC Bancorp Signs Definitive Agreement To Acquire High Point Bank Corporation” with publication date: November 16, 2015.
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By Nellie Frank