Swiss National Bank maintained its position in shares of BNC Bancorp (NASDAQ:BNCN) during the first quarter, Holdings Channel reports. The firm owned 77,100 shares of the financial services provider’s stock at the end of the first quarter. Swiss National Bank owned about 0.15% of BNC Bancorp worth $2,702,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Suntrust Banks Inc. boosted its position in shares of BNC Bancorp by 33.7% in the first quarter. Suntrust Banks Inc. now owns 14,071 shares of the financial services provider’s stock worth $493,000 after buying an additional 3,546 shares during the last quarter. US Bancorp DE boosted its position in shares of BNC Bancorp by 85.7% in the first quarter. US Bancorp DE now owns 5,176 shares of the financial services provider’s stock worth $181,000 after buying an additional 2,388 shares during the last quarter. First Trust Advisors LP boosted its position in shares of BNC Bancorp by 61.7% in the first quarter. First Trust Advisors LP now owns 142,272 shares of the financial services provider’s stock worth $4,987,000 after buying an additional 54,284 shares during the last quarter. ARP Americas LLC acquired a new position in shares of BNC Bancorp during the first quarter worth approximately $9,567,000. Finally, Berkshire Asset Management LLC PA boosted its position in shares of BNC Bancorp by 240.0% in the first quarter. Berkshire Asset Management LLC PA now owns 27,006 shares of the financial services provider’s stock worth $947,000 after buying an additional 19,063 shares during the last quarter. Institutional investors and hedge funds own 62.60% of the company’s stock.

Institutional Ownership by Quarter for BNC Bancorp (NASDAQ:BNCN)

BNC Bancorp (NASDAQ BNCN) opened at 35.15 on Friday. The company has a market cap of $1.84 billion, a PE ratio of 26.79 and a beta of 1.00. BNC Bancorp has a one year low of $21.54 and a one year high of $37.15. The stock has a 50 day moving average of $33.07 and a 200 day moving average of $33.59.

BNC Bancorp (NASDAQ:BNCN) last released its earnings results on Monday, April 17th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The firm had revenue of $74.43 million for the quarter, compared to the consensus estimate of $76.80 million. BNC Bancorp had a return on equity of 9.77% and a net margin of 20.43%. On average, analysts anticipate that BNC Bancorp will post $1.80 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Wednesday, May 10th. BNC Bancorp’s dividend payout ratio is currently 3.79%.

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A number of brokerages have commented on BNCN. BidaskClub upgraded shares of BNC Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of BNC Bancorp from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Friday, June 2nd. ValuEngine upgraded shares of BNC Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $37.75 price target on shares of BNC Bancorp in a research report on Thursday, April 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. BNC Bancorp presently has an average rating of “Hold” and an average target price of $32.69.

In other BNC Bancorp news, Director W Swope Montgomery, Jr. sold 1,500 shares of the company’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $33.90, for a total value of $50,850.00. Following the transaction, the director now owns 92,852 shares of the company’s stock, valued at approximately $3,147,682.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew W. Mcinnis sold 25,000 shares of the company’s stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $33.81, for a total value of $845,250.00. Following the completion of the transaction, the director now directly owns 7,819 shares in the company, valued at approximately $264,360.39. The disclosure for this sale can be found here. Insiders own 6.16% of the company’s stock.

About BNC Bancorp

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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