BNC Bancorp (BNCN) : Elizabeth Park Capital Advisors Ltd. reduced its stake in BNC Bancorp by 7.8% during the most recent quarter end. The investment management company now holds a total of 520,688 shares of BNC Bancorp which is valued at $12,496,512 after selling 44,075 shares in BNC Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.BNC Bancorp makes up approximately 4.98% of Elizabeth Park Capital Advisors Ltd.’s portfolio.
Other Hedge Funds, Including , Millennium Management added BNCN to its portfolio by purchasing 53,716 company shares during the most recent quarter which is valued at $1,289,184.Cortina Asset Management reduced its stake in BNCN by selling 6,274 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 170,930 shares of BNCN which is valued at $4,102,320. BNC Bancorp makes up approx 0.18% of Cortina Asset Management’s portfolio.Stieven Capital Advisors reduced its stake in BNCN by selling 61,314 shares or 34.92% in the most recent quarter. The Hedge Fund company now holds 114,258 shares of BNCN which is valued at $2,742,192. BNC Bancorp makes up approx 0.72% of Stieven Capital Advisors’s portfolio. First Personal Financial Services sold out all of its stake in BNCN during the most recent quarter. The investment firm sold 4,735 shares of BNCN which is valued $115,818. Context Bh Capital Management Lp sold out all of its stake in BNCN during the most recent quarter. The investment firm sold 419,412 shares of BNCN which is valued $10,074,276.
BNC Bancorp closed down -0.12 points or -0.49% at $24.45 with 65,726 shares getting traded on Thursday. Post opening the session at $24.54, the shares hit an intraday low of $24.18 and an intraday high of $24.63 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 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.