Is BNC Bancorp (NASDAQ:BNCN) an Incredibly Valuable Stock?

[EDGAR] BNC Bancorp (NASDAQ:BNCN)(TREND ANALYSISThroughout this Quarterly Report on Form 10-Q, “the Company,” “we,” “us,” or “our” refers to BNC Bancorp and our consolidated subsidiaries, including Bank of North Carolina (sometimes referred to as “BNC” as a separate legal entity), except where the context indicates otherwise. BNC Bancorp is individually referred to as the “Parent Company.”

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the financial condition, results of operations, business plans and the future performance of the Company that are based on the beliefs and assumptions of management and the information available to management at the time that these disclosures were prepared. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” and other similar expressions are intended to identify these forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

BNC Bancorp (NASDAQ:BNCN) stock is currently trading 14.68% below its 52-week-high, 23.24% above its 52-week-low. The 1-year stock price history is in the range of $18.2 – $26.29. BNC Bancorp (BNCN) has a price to earnings ratio of 18.09 versus Financial sector average of 15.9. BNCN stock price has underperformed the Nasdaq by 7.9%. The Financial Services company is currently valued at $0.91 billion, and its share price closed the last trading session at $22.43. The stock has a 50-day moving average of $21.59 and a 200-day moving average of $22.73.

BNC Bancorp (BNCN) current short interest stands at 2.03 million shares. It has decreased by 5% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.17 million shares, the number of days required to cover the short positions stand at 12.1 days.

BNCN is forecasted to report earnings per share of $0.39 and a revenue of $60.71 million for the 2nd Quarter of the fiscal year 2016. BNC Bancorp (BNCN) declared last quarter earnings on April 22. The Financial Services company announced last quarter earnings per share of $0.38 against a consensus Street estimate of $0.37, beating the average estimate by $0.01. The company posted a revenue of $64.5 million compared to an estimation of $60.7 million.

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There are currently six analysts that cover BNC Bancorp stock. Of those six, five have a Buy rating, one has a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $25.1.

A recent analyst activity consisted of Raymond James upgrading their Market Perform rating to Outperform on May 9. On the date of report, the stock closed at $22.03.

Gabelli & Co upgraded their Hold rating to Buy on January 26. On the date of report, the stock closed at $21.25.

Another research firm was Stephens & Co. who initiated their coverage on the stock with Overweight rating on December 2. Stephens & Co. fixed their price target at $29.5. This translates to a 31.52% upside from the last closing price. On the date of report, the stock closed at $25.28.

Company snapshot

BNC Bancorp is the holding company for Bank of North Carolina. The Bank is a full-service commercial bank serving individuals and small- to medium-size businesses. Bank of North Carolina operates branches in Thomasville, Archdale, Lexington, Kernersville, and Oak Ridge, all located in North Carolina.

Is BNC Bancorp (NASDAQ:BNCN) an Incredibly Valuable Stock? was last modified: May 11th, 2016 by Eric Hanson