Mendon Capital Advisors Corp buys $31,167,487 stake in BNC Bancorp (BNCN)

BNC Bancorp (BNCN) : Mendon Capital Advisors Corp scooped up 115,175 additional shares in BNC Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 1,297,564 shares of BNC Bancorp which is valued at $31,167,487.BNC Bancorp makes up approximately 5.67% of Mendon Capital Advisors Corp’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in BNCN in the latest quarter, The investment management firm added 2,398 additional shares and now holds a total of 120,628 shares of BNC Bancorp which is valued at $2,897,485.Northpointe Capital boosted its stake in BNCN in the latest quarter, The investment management firm added 70,512 additional shares and now holds a total of 466,565 shares of BNC Bancorp which is valued at $11,407,514. BNC Bancorp makes up approx 1.30% of Northpointe Capital’s portfolio.Thomson Horstmann Bryant Inc reduced its stake in BNCN by selling 21,474 shares or 53.04% in the most recent quarter. The Hedge Fund company now holds 19,016 shares of BNCN which is valued at $456,954. BNC Bancorp makes up approx 0.06% of Thomson Horstmann Bryant Inc’s portfolio.

BNC Bancorp closed down -0.11 points or -0.45% at $24.46 with 1,26,785 shares getting traded on Monday. Post opening the session at $24.5, the shares hit an intraday low of $24.39 and an intraday high of $24.62 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Many Wall Street Analysts have commented on BNC Bancorp. Gabelli & Co Downgraded BNC Bancorp on Aug 9, 2016 to ” Hold”, Price Target of the shares are set at $27.BNC Bancorp was Upgraded by Raymond James to ” Outperform” 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 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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