Somewhat Favorable Media Coverage Somewhat Unlikely to Affect BNC Bancorp (BNCN) Stock Price
News stories about BNC Bancorp (NASDAQ:BNCN) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BNC Bancorp earned a news impact score of 0.23 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.3147899821799 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
BNC Bancorp (BNCN) opened at 35.15 on Wednesday. The company has a 50-day moving average of $33.07 and a 200-day moving average of $33.59. BNC Bancorp has a one year low of $21.54 and a one year high of $37.15.
A number of equities research analysts have recently weighed in on BNCN shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $37.75 price target on shares of BNC Bancorp in a research note on Thursday, April 20th. Zacks Investment Research upgraded shares of BNC Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Friday, April 21st. ValuEngine upgraded shares of BNC Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded shares of BNC Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 9th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. BNC Bancorp presently has a consensus rating of “Hold” and a consensus price target of $34.58.
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BNC Bancorp Company Profile
BNC Bancorp is a one-bank holding company for Bank of North Carolina (the Bank). 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 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.
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