Bnc Bancorp (BNCN) Files Form 4 Insider Selling : John S Jr Ramsey Sells 3,000 Shares

Bnc Bancorp (BNCN): John S Jr Ramsey , director of Bnc Bancorp sold 3,000 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $22.23 per share for a total value of $66,690.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 27, 2016, W Swope Jr Montgomery (director) sold 4,500 shares at $21.98 per share price.On Mar 17, 2016, John S Jr Ramsey (director) sold 3,000 shares at $21.17 per share price.Also, On Nov 20, 2015, Lenin J Peters (director) purchased 15,000 shares at $23.50 per share price.

BNC Bancorp: On Tuesday, May 10, 2016 heightened volatility was witnessed in BNC Bancorp which led to swings in the share price. The shares opened for trading at $22.2 and hit $22.7 on the upside , eventually ending the session at $22.43, with a gain of 1.82% or 0.4 points. The heightened volatility saw the trading volume jump to 1,77,080 shares. The 52-week high of the share price is $26.29 and the company has a market cap of $915 M . The 52-week low of the share price is at $18.2.

BNC Bancorp Money Flow Index Chart

Company has been under the radar of several Street Analysts.BNC Bancorp is Upgraded by Raymond James to Outperform. Earlier the firm had a rating of Mkt Perform on the company shares. The Rating was issued on May 9, 2016.BNC Bancorp is Reiterated by Hovde Group to Market Perform and the brokerage firm has raised the Price Target to $ 23 from a previous price target of $22 .The Rating was issued on Apr 25, 2016.

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.

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