Fj Capital Management buys $24,768,000 stake in BNC Bancorp (BNCN)

BNC Bancorp (BNCN) : Fj Capital Management scooped up 1,000 additional shares in BNC Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,032,000 shares of BNC Bancorp which is valued at $24,768,000.BNC Bancorp makes up approximately 4.66% of Fj Capital Management’s portfolio.

Other Hedge Funds, Including , Analytic Investors boosted its stake in BNCN in the latest quarter, The investment management firm added 519 additional shares and now holds a total of 38,026 shares of BNC Bancorp which is valued at $912,624. BNC Bancorp makes up approx 0.01% of Analytic Investors’s portfolio.Tower Research Capital (trc) boosted its stake in BNCN in the latest quarter, The investment management firm added 2,944 additional shares and now holds a total of 3,830 shares of BNC Bancorp which is valued at $91,920. BNC Bancorp makes up approx 0.01% of Tower Research Capital (trc)’s portfolio. Delta Asset Managementtn added BNCN to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $7,209.

BNC Bancorp opened for trading at $24.18 and hit $24.5 on the upside on Monday, eventually ending the session at $24.38, with a gain of 1.04% or 0.25 points. The heightened volatility saw the trading volume jump to 2,11,261 shares. Company has a market cap of $1,172 M.

Many Wall Street Analysts have commented on BNC Bancorp. Gabelli & Co Downgraded BNC Bancorp on Aug 9, 2016 to ” Hold”, Price Target of the shares are set at $27.

BNC Bancorp is a bank holding company for Bank of North Carolina (BNC). 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. The Company’s operations are managed along two operating segments consisting of banking operations and mortgage origination. The primary purpose of the mortgage origination operating segment is the origination and subsequent sale of residential mortgage loans while all other banking activities are performed in the banking operations segment. BNC also offers brokerage services including financial planning wealth management private banking and insurance products.

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