BNC Bancorp (NASDAQ:BNCN) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 27, 2016
Having a price of $24.32, BNC Bancorp (NASDAQ:BNCN) traded -0.62% lower on the day. With the last stock price up 4.89% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. BNCN has recorded a 50-day average of $24.46 and a two hundred day average of $23.04. Trade Volume was down over the average, with 123,594 shares of BNCN changing hands under the typical 183,508
Zacks Investment Research has upgraded BNC Bancorp (NASDAQ:BNCN) to Hold in a statement released on 09/27/2016.
Recent Performance Chart
BNC Bancorp has PE ratio of 17.96 with a one year low of $19.45 and a one year high of $26.29 and has a market capitalization of $0.
A total of 6 brokerages have issued a ratings update on BNC Bancorp. Two brokerages rating the company a strong buy, three brokerages rating the company a buy, two brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $25.92.
General Company Details For BNC Bancorp (NASDAQ:BNCN)
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. It operates through two segments: banking operations 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 operations segment. BNC also offers brokerage services, including financial planning, wealth management, private banking and insurance products. The Bank invests in government-sponsored mortgage-backed securities, the United States and government agency securities, municipal and corporate debt securities, and equity securities, among others.
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