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Zacks Investment Research upgraded BNC Bancorp (NASDAQ:BNCN) to Hold in a report released today.

Zacks Investment Research has upgraded BNC Bancorp (NASDAQ:BNCN) to Hold in a report released on 10/11/2016.

Yesterday BNC Bancorp (NASDAQ:BNCN) traded -1.62% lower at $24.35. The company’s 50-day moving average is $24.53 and its 200-day moving average is $23.28. The last closing price is up 4.60% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 66,454 shares of the stock traded hands, down from an average trading volume of 181,868

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BNC Bancorp has a 52 week low of $19.45 and a 52 week high of $26.29 with a P/E ratio of 18.09 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 6 brokers have issued a report on the company. The average stock price target is $25.92 with 2 brokers rating the stock 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.

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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