KBW Releases a Hold Rating on BNC Bancorp

By Carrie Williams

In a report released yesterday, Brady Gailey from KBW reiterated a Hold rating on BNC Bancorp (NASDAQ: BNCN), with a price target of $37.75. The company’s shares closed yesterday at $32.85.

According to TipRanks.com, Gailey is a 5-star analyst with an average return of 14.1% and a 80.2% success rate. Gailey covers the Financial sector, focusing on stocks such as Atlantic Capital Bancshares, First Financial Bankshares, and Allegiance Bancshares Inc.

BNC Bancorp has an analyst consensus of Hold, with a price target consensus of $37.75.

Based on BNC Bancorp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $84.64 million and quarterly net profit of $14.43 million. In comparison, last year the company earned revenue of $64.14 million and had a net profit of $14.44 million.

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.

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BNC Bancorp engages in the provision of a wide range of banking services tailored to the particular banking needs of the communities it serve. It also engages 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. Its services include business loans secured by real estate, personal property and accounts receivable; unsecured business loans; consumer loans, which are secured by consumer products, such as automobiles and boats; unsecured consumer loans; commercial real estate loans; and other loans. The bank also offers a wide range of banking services, including checking and savings accounts, safe deposit boxes, and other associated services. The company was founded in 2002 and is headquartered in High Point, NC.