BNC Bancorp (BNCN) is Downgraded by Keefe Bruyette to Mkt Perform

BNC Bancorp (BNCN) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Nov 29, 2016.

Many Wall Street Analysts have commented on BNC Bancorp. BNC Bancorp was Downgraded by Sandler O’Neill to ” Hold” on Nov 22, 2016. BNC Bancorp was Initiated by Piper Jaffray to “Overweight” on Nov 16, 2016.

BNC Bancorp closed down -0.7 points or -2.25% at $30.4 with 2,52,321 shares getting traded on Friday. Post opening the session at $31, the shares hit an intraday low of $30.25 and an intraday high of $31.05 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 16, 2016, John S Jr Ramsey (director) sold 6,301 shares at $28.18 per share price. According to the SEC, on Oct 27, 2016, W Swope Jr Montgomery (director) sold 500 shares at $25.05 per share price. On May 31, 2016, Charles T Iii Hagan (director) sold 300 shares at $23.70 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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.

BNC Bancorp

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