BNC Bancorp (BNCN) : Fj Capital Management reduced its stake in BNC Bancorp by 0.77% during the most recent quarter end. The investment management company now holds a total of 1,031,000 shares of BNC Bancorp which is valued at $22.8 Million after selling 8,000 shares in BNC Bancorp , the firm said in a disclosure report filed with the SEC on May 13, 2016.BNC Bancorp makes up approximately 4.43% of Fj Capital Management’s portfolio.
Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in BNCN in the latest quarter, The investment management firm added 48,515 additional shares and now holds a total of 1,409,793 shares of BNC Bancorp which is valued at $31.2 Million.Blackrock Group Ltd boosted its stake in BNCN in the latest quarter, The investment management firm added 6,833 additional shares and now holds a total of 10,709 shares of BNC Bancorp which is valued at $237,204.Mark Sheptoff Financial Planning reduced its stake in BNCN by selling 7,603 shares or 96.2% in the most recent quarter. The Hedge Fund company now holds 300 shares of BNCN which is valued at $6,645. BNC Bancorp makes up approx 0.01% of Mark Sheptoff Financial Planning’s portfolio. Nine Chapters Capital Management sold out all of its stake in BNCN during the most recent quarter. The investment firm sold 12,800 shares of BNCN which is valued $283,520. Geneva Advisors sold out all of its stake in BNCN during the most recent quarter. The investment firm sold 8,300 shares of BNCN which is valued $181,272.
BNC Bancorp opened for trading at $23.23 and hit $23.865 on the upside on Wednesday, eventually ending the session at $23.81, with a gain of 2.59% or 0.6 points. The heightened volatility saw the trading volume jump to 1,91,341 shares. Company has a market cap of $972 M.
Many Wall Street Analysts have commented on BNC Bancorp. BNC Bancorp was Upgraded by Raymond James to ” Outperform” on May 9, 2016. Company shares were Reiterated by Hovde Group on Apr 25, 2016 to “Market Perform”, Firm has raised the Price Target to $ 23 from a previous price target of $22 .
BNC Bancorp is a bank holding company for Bank of North Carolina (BNC). 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. The Companys operations are managed along two operating segments consisting of banking operations and mortgage origination. The primary purpose of the mortgage origination operating 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.