BNC Bancorp (BNCN) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on BNC Bancorp. BNC Bancorp was Initiated by Piper Jaffray to “Overweight” on Nov 16, 2016.
BNC Bancorp opened for trading at $29.65 and hit $30.7 on the upside on Monday, eventually ending the session at $30.6, with a gain of 3.03% or 0.9 points. The heightened volatility saw the trading volume jump to 5,47,291 shares. Company has a market cap of $1,596 M.
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 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.