Sandler O'Neill downgraded BNC Bancorp (NASDAQ:BNCN) to Hold in a report released today.
- Updated: November 27, 2016
Yesterday BNC Bancorp (NASDAQ:BNCN) traded -2.25% lower at $30.60. The company’s 50-day moving average is $26.03 and its 200-day moving average is $24.31. The last closing price is up 25.04% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 252,321 shares of the stock were exchanged, up from an average trading volume of 195,616
Sandler O'Neill has downgraded BNC Bancorp (NASDAQ:BNCN) to Hold in a report released on Tuesday November 22, 2016.
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BNC Bancorp has a 52 week low of $19.45 and a 52 week high of $31.20 with a P/E ratio of 21.53 The company’s market cap is currently $0.
Also covering BNC Bancorp's target, a total of 6 equity analysts have released a research note on BNCN. The one year target is $25.92 with two firms rating the stock a strong buy, 3 firms rating the stock a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally 0 brokers rating the stock a sell.
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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