Shares of BNC Bancorp (NASDAQ:BNCN) Sees Large Inflow of Net Money Flow

BNC Bancorp (NASDAQ:BNCN) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $23.74 with a loss of -0.13 points or -0.54%. The net money flow was $1.88 million and the up/down ratio was 6.42. Approximately $2.23 million was the inflow in upticks and $0.35 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of 0.3%.The shares witnessed a block transaction with a net money flow of $1.89 million. The total money in uptick was $1.89 million and in downtick was $0 million with the up/down ratio reaching 0.


Currently the company Insiders own 6.16% of BNC Bancorp shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.53% . Institutional Investors own 51.63% of BNC Bancorp shares. During last six month period, the net percent change held by insiders has seen a change of -4.53%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Bnc Bancorp, Hagan Charles T Iii had sold 300 shares worth of $7,110 in a transaction dated May 26, 2016. In this transaction, 300 shares were sold at $23.7 per share.

BNC Bancorp (NASDAQ:BNCN) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.18 points or 0.75% at $23.69 with 259,386 shares getting traded. Post opening the session at $23.82, the shares hit an intraday low of $23.57 and an intraday high of $24.04 and the price was in this range throughout the day. The company has a market cap of $967 million and the number of outstanding shares have been calculated to be 40,838,681 shares. The 52-week high of BNC Bancorp (NASDAQ:BNCN) is $26.29 and the 52-week low is $18.46.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Raymond James upgrades its rating on BNC Bancorp (NASDAQ:BNCN). The rating major has initiated the coverage with outperform rating on the shares. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on May 9, 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 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.