Stock Worth Mentioning: Is Buying BNC Bancorp Here a Winning Strategy?

Stock Worth Mentioning: Is Buying BNC Bancorp Here a Winning Strategy?

The stock of BNC Bancorp (NASDAQ:BNCN) reached all time high today, Nov, 16 and still has $44.76 target or 52.00% above today’s $29.45 share price. This indicates more upside for the $1.56B company. This technical setup was reported by Barchart.com. If the $44.76 PT is reached, the company will be worth $811.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 63,613 shares traded hands. BNC Bancorp (NASDAQ:BNCN) has risen 31.00% since April 14, 2016 and is uptrending. It has outperformed by 26.31% the S&P500.

BNC Bancorp (NASDAQ:BNCN) Ratings Coverage

Out of 5 analysts covering BNC Bancorp (NASDAQ:BNCN), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. BNC Bancorp has been the topic of 9 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The rating was downgraded by Gabelli to “Hold” on Tuesday, August 9. As per Wednesday, December 2, the company rating was initiated by Stephens. The stock of BNC Bancorp (NASDAQ:BNCN) earned “Market Perform” rating by Raymond James on Monday, October 26. As per Tuesday, October 13, the company rating was downgraded by Hovde Group. The firm has “Outperform” rating by Raymond James given on Monday, May 9. The stock of BNC Bancorp (NASDAQ:BNCN) earned “Buy” rating by Gabelli on Tuesday, January 26.

According to Zacks Investment Research, “BNC Bancorp provides a complete line of banking and financial services to individuals and businesses through full-service banking offices located in the cities of Thomasville, Archdale, Lexington, Kernersville and Oak Ridge, North Carolina.”

Insitutional Activity: The institutional sentiment increased to 1.73 in Q2 2016. Its up 0.65, from 1.08 in 2016Q1. The ratio improved, as 10 funds sold all BNC Bancorp shares owned while 27 reduced positions. 14 funds bought stakes while 50 increased positions. They now own 23.36 million shares or 11.79% more from 20.90 million shares in 2016Q1.
Teacher Retirement Sys Of Texas accumulated 5,449 shares or 0% of the stock. Franklin Resources owns 1.08 million shares or 0.01% of their US portfolio. Carroll Fincl Associate Inc has 24,370 shares for 0.09% of their US portfolio. Cortina Asset Mgmt Lc, a Wisconsin-based fund reported 170,930 shares. Victory Capital Inc has 48,768 shares for 0% of their US portfolio. Voya Investment Ltd Liability Company accumulated 0% or 16,958 shares. Panagora Asset Mngmt Inc has invested 0.01% of its portfolio in BNC Bancorp (NASDAQ:BNCN). Ladenburg Thalmann Serv last reported 2,881 shares in the company. Mendon Capital Advisors last reported 1.30 million shares in the company. New York State Common Retirement Fund has 0% invested in the company for 64,360 shares. Neuberger Berman Grp Inc has 30,000 shares for 0% of their US portfolio. Trust Company Of Virginia Va has 9,303 shares for 0.04% of their US portfolio. Manufacturers Life Insurance The reported 23,242 shares or 0% of all its holdings. Zebra Capital Mngmt Limited Liability Corp holds 0.24% of its portfolio in BNC Bancorp (NASDAQ:BNCN) for 30,677 shares. Paradigm Asset Management Ltd Limited Liability Company has invested 0% of its portfolio in BNC Bancorp (NASDAQ:BNCN).

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 2 selling transactions for $184,672 net activity. Ramsey John S Jr also sold $177,562 worth of BNC Bancorp (NASDAQ:BNCN) shares. Hagan Charles T III sold $7,110 worth of stock or 300 shares.

More notable recent BNC Bancorp (NASDAQ:BNCN) news were published by: Marketwatch.com which released: “BNC Bancorp downgraded to market perform from outperform at Raymond James” on June 06, 2009, also Journalnow.com with their article: “BNC Bancorp posts another record quarterly profit” published on October 21, 2016, Prnewswire.com published: “BNC Bancorp Announces Commencement Of Common Stock Offering” on July 20, 2016. More interesting news about BNC Bancorp (NASDAQ:BNCN) were released by: Prnewswire.com and their article: “BNC Bancorp Signs Definitive Agreement To Acquire High Point Bank Corporation” published on November 16, 2015 as well as Prnewswire.com‘s news article titled: “BNC Bancorp Announces FDIC Approval for High Point Bank Corporation Merger …” with publication date: October 04, 2016.

BNCN Company Profile

BNC Bancorp, incorporated on September 19, 2002, is a bank holding firm for Bank of North Carolina (BNC or the Bank). 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. It operates through two divisions: banking activities and mortgage origination. The primary purpose of the mortgage origination segment is the origination and subsequent sale of residential mortgage loans, while all other banking activities are performed in the banking activities segment. BNC also offers brokerage services, including financial planning, wealth management, private banking and insurance products.

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