Bnc Bancorp NC (NASDAQ:BNCN) Shorted Shares Decreased By 21.44%

June 19, 2017 - By Winifred Garcia

 Bnc Bancorp NC (NASDAQ:BNCN) Shorted Shares Decreased By 21.44%

Investors sentiment increased to 1.8 in 2016 Q4. Its up 0.31, from 1.49 in 2016Q3. It increased, as 7 investors sold BNC Bancorp shares while 39 reduced holdings. 37 funds opened positions while 46 raised stakes. 28.15 million shares or 2.70% more from 27.41 million shares in 2016Q3 were reported.
Citadel Advsr Ltd Company has 20,512 shares. Vanguard Gru stated it has 0% in BNC Bancorp (NASDAQ:BNCN). Perkins Invest Mgmt Ltd Limited Liability Company accumulated 785,663 shares. Mendon Capital invested 5.3% in BNC Bancorp (NASDAQ:BNCN). Moreover, Bluecrest Cap has 0.01% invested in BNC Bancorp (NASDAQ:BNCN). Raymond James Associate accumulated 18,300 shares. Jpmorgan Chase &, a New York-based fund reported 99,564 shares. Aquiline Cap Prns Ltd Liability Co holds 57.15% in BNC Bancorp (NASDAQ:BNCN) or 1.51 million shares. Kcg stated it has 9,135 shares or 0.01% of all its holdings. Blackrock Fund Advisors holds 0.01% of its portfolio in BNC Bancorp (NASDAQ:BNCN) for 1.23 million shares. Emerald Mutual Fund Advisers holds 0.26% or 171,605 shares in its portfolio. Airain Ltd has 0.06% invested in BNC Bancorp (NASDAQ:BNCN) for 24,410 shares. Creative Planning reported 0% stake. Ameriprise has invested 0% in BNC Bancorp (NASDAQ:BNCN). Carroll Fin Associates owns 24,663 shares for 0.11% of their portfolio.

Since February 16, 2017, it had 0 buys, and 3 insider sales for $1.22 million activity. 400 shares were sold by Hagan Charles T III, worth $14,565 on Thursday, February 16. $362,180 worth of BNC Bancorp (NASDAQ:BNCN) was sold by Ramsey John S Jr on Thursday, February 23. Another trade for 25,000 shares valued at $845,362 was sold by McInnis Matthew W.

The stock of Bnc Bancorp NC (NASDAQ:BNCN) registered a decrease of 21.44% in short interest. BNCN’s total short interest was 1.14M shares in June as published by FINRA. Its down 21.44% from 1.45M shares, reported previously. With 167,200 shares average volume, it will take short sellers 7 days to cover their BNCN’s short positions. The short interest to Bnc Bancorp NC’s float is 2.75%.

The stock decreased 0.28% or $0.1 during the last trading session, reaching $35.15. About 128,753 shares traded. BNC Bancorp (NASDAQ:BNCN) has risen 39.77% since June 19, 2016 and is uptrending. It has outperformed by 23.07% the S&P500.

BNC Bancorp is a one-bank holding company for Bank of North Carolina . The company has market cap of $1.87 billion. The Bank is a full service commercial bank, which provides a range of banking services tailored to the particular banking needs of the communities it serves. It has a 26.64 P/E ratio. It is 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 commercial and consumer loans.

BNC Bancorp (NASDAQ:BNCN) Ratings Coverage

Among 8 analysts covering BNC Bancorp (NASDAQ:BNCN), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. BNC Bancorp had 13 analyst reports since October 13, 2015 according to SRatingsIntel. The rating was downgraded by Sandler O’Neill to “Hold” on Tuesday, November 22. The stock of BNC Bancorp (NASDAQ:BNCN) has “Market Perform” rating given on Monday, October 26 by Raymond James. The company was upgraded on Tuesday, January 26 by Gabelli. The stock of BNC Bancorp (NASDAQ:BNCN) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, November 29. The stock of BNC Bancorp (NASDAQ:BNCN) earned “Overweight” rating by Piper Jaffray on Wednesday, November 16. The rating was downgraded by Hovde Group on Tuesday, October 13 to “Market Perform”. The firm earned “Overweight” rating on Wednesday, December 2 by Stephens. The firm has “Outperform” rating by Raymond James given on Monday, May 9. The company was downgraded on Tuesday, August 9 by Gabelli.

More notable recent BNC Bancorp (NASDAQ:BNCN) news were published by: which released: “Nashville bank completes $1.9 billion purchase of BNC Bancorp” on June 17, 2017, also with their article: “Compensation soars for BNC Bancorp’s top execs” published on March 30, 2017, published: “Buying spree of NC banks spurred Pinnacle to pursue BNC Bancorp” on May 06, 2017. More interesting news about BNC Bancorp (NASDAQ:BNCN) were released by: and their article: “BNC Bancorp Investor Sues Over $1.9B Pinnacle Merger Docs” published on May 26, 2017 as well as‘s news article titled: “BRIEF-Shareholders of Pinnacle Financial Partners and BNC Bancorp approve …” with publication date: June 12, 2017.

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