Stephens Says Its Time To Overweight BNC Bancorp (NASDAQ:BNCN). Will Stock Hit Their Target of $29.50?

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Why Has Stephens Given BNC Bancorp (NASDAQ:BNCN) a $29.50 Price Target

The brokerage firm Stephens has today have started coverage on BNC Bancorp (NASDAQ:BNCN) shares, with a Overweight rating, while setting the price target at $29.50.

From a total of 5 analysts covering BNC Bancorp (NASDAQ:BNCN) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $30 while the lowest target price is $23. The mean of all analyst targets is $27.4 with a 9.85% above today’s ($25.49) stock price. BNC Bancorp was the topic of 4 analyst reports since October 13, 2015 according to the firm StockzIntelligence Inc. Raymond James downgraded shares on October 26 to “Market Perform” rating.

The stock closed the day at $25.49 during the previous session. It is down 37.56% since April 29, 2015 and is uptrending. It has outperformed by 37.76% the S&P500.

BNC Bancorp is a bank holding company for Bank of North Carolina . The company has a market cap of $1.03 billion. 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 has 21.32 P/E ratio. The Company’s activities are managed along two operating divisions consisting of banking activities and mortgage origination.

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.” Get a free copy of the Zacks research report on BNC Bancorp (BNCN).

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