AQR Capital Management LLC raised its stake in shares of BNC Bancorp (NASDAQ:BNCN) by 36.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,279 shares of the financial services provider’s stock after buying an additional 8,065 shares during the period. AQR Capital Management LLC owned 0.06% of BNC Bancorp worth $1,061,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of BNC Bancorp during the first quarter valued at about $123,000. US Bancorp DE increased its stake in BNC Bancorp by 85.7% in the first quarter. US Bancorp DE now owns 5,176 shares of the financial services provider’s stock worth $181,000 after buying an additional 2,388 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in BNC Bancorp during the first quarter worth $236,000. Greenwood Capital Associates LLC increased its stake in BNC Bancorp by 1.1% in the first quarter. Greenwood Capital Associates LLC now owns 9,186 shares of the financial services provider’s stock worth $322,000 after buying an additional 99 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in BNC Bancorp during the fourth quarter worth $348,000. 62.60% of the stock is owned by institutional investors and hedge funds.
BNC Bancorp (NASDAQ:BNCN) opened at 35.15 on Friday. BNC Bancorp has a 1-year low of $21.54 and a 1-year high of $37.15. The company has a 50 day moving average price of $33.07 and a 200-day moving average price of $33.59.
BNCN has been the subject of a number of research reports. Zacks Investment Research raised BNC Bancorp from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Friday, June 2nd. ValuEngine upgraded BNC Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded BNC Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. BNC Bancorp presently has a consensus rating of “Hold” and an average price target of $34.58.
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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