KBW downgraded BNC Bancorp (NASDAQ:BNCN) from Outperform to Mkt Perform in a statement released earlier today.
- Updated: November 29, 2016
KBW has downgraded BNC Bancorp (NASDAQ:BNCN) from Outperform to Mkt Perform in a statement released on 11/29/2016.
Boasting a price of $30.05, BNC Bancorp (NASDAQ:BNCN) traded 1.00% higher on the day. With the last stock price close up 23.78% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. BNC Bancorp has recorded a 50-day average of $26.19 and a two hundred day average of $24.40. Volume of trade was up over the average, with 206,065 shares of BNCN changing hands over the typical 196,369
With a total market value of $0, BNC Bancorp has price-earnings ratio of 21.39 with a one year low of $19.45 and a one year high of $31.20 .
A total of 6 equity analysts have released a research note on BNCN. Two equity analysts rating the company a strong buy, 3 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $25.92.
General Information About 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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