BNC Bancorp (NASDAQ:BNCN) – Analysts at Gabelli increased their FY2021 earnings per share (EPS) estimates for BNC Bancorp in a report issued on Wednesday. Gabelli analyst S. Comery now expects that the financial services provider will post earnings per share of $2.55 for the year, up from their previous forecast of $2.45.
BNC Bancorp (NASDAQ:BNCN) last issued its earnings results on Monday, April 17th. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. BNC Bancorp had a net margin of 21.87% and a return on equity of 10.48%. The firm earned $74.43 million during the quarter, compared to the consensus estimate of $76.80 million. WARNING: This piece was posted by WKRB News and is the property of of WKRB News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.wkrb13.com/markets/2065274/fy2021-eps-estimates-for-bnc-bancorp-bncn-increased-by-analyst.html.
Other analysts have also issued research reports about the stock. Stephens lowered shares of BNC Bancorp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $37.75 price target on shares of BNC Bancorp in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of BNC Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. BNC Bancorp has a consensus rating of “Hold” and an average price target of $29.44.
Shares of BNC Bancorp (NASDAQ:BNCN) traded up 3.20% during midday trading on Thursday, reaching $33.90. 155,020 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $34.26 and a 200-day moving average price of $31.49. BNC Bancorp has a 52-week low of $21.07 and a 52-week high of $37.15. The stock has a market cap of $1.77 billion, a P/E ratio of 24.39 and a beta of 0.90.
A number of institutional investors have recently bought and sold shares of the company. Stearns Financial Services Group purchased a new position in BNC Bancorp during the fourth quarter worth about $215,000. Barings LLC purchased a new position in BNC Bancorp during the fourth quarter worth about $220,000. Aldebaran Financial Inc. purchased a new position in BNC Bancorp during the fourth quarter worth about $224,000. Courier Capital LLC purchased a new position in BNC Bancorp during the fourth quarter worth about $249,000. Finally, Geneva Advisors LLC purchased a new position in BNC Bancorp during the third quarter worth about $202,000. 52.41% of the stock is currently owned by hedge funds and other institutional investors.
In other BNC Bancorp news, Director Matthew W. Mcinnis sold 25,000 shares of BNC Bancorp stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $33.81, for a total transaction of $845,250.00. Following the transaction, the director now directly owns 7,819 shares of the company’s stock, valued at approximately $264,360.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John S. Ramsey, Jr. sold 10,000 shares of BNC Bancorp stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $36.22, for a total transaction of $362,200.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at $144,880. The disclosure for this sale can be found here. Insiders have sold a total of 35,400 shares of company stock valued at $1,222,014 in the last 90 days. 6.16% of the stock is currently owned by company insiders.
BNC Bancorp Company Profile
BNC Bancorp is a one-bank holding company for Bank of North Carolina (the Bank). The Bank is a full service commercial bank, which provides a range of banking services tailored to the particular banking needs of the communities it serves. It is 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 commercial and consumer loans.
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