BNC Bancorp (NASDAQ:BNCN)

CAPS Rating: No stars

A bank holding company for Bank of North Carolina, which is engaged in the business of attracting deposits from the general public and using such deposits, together with other funding from the Bank's lines of credit, to make consumer and commercial loans.

Recs

1
Player Avatar abc123shr (< 20) Submitted: 4/28/2008 5:02:17 PM : Outperform Start Price: $12.42 BNCN Score: -8.61

Bank North Carolina is extremely undervalued due to current state of the market and the fact that it is thinly traded. Insiders have been grabbing up shares through option conversions. There has been no selling of shares by upper tier insiders supporting its strength.

It isa well run bank, expanding into strong areas of the great Charlotte region which remains one of the strongest areas in the USA. They recently hired a management team of experienced bankers. According to management explicit statements they are not affected like other banks with regards to subprime loan defaults.

(It is rated as a great place to work, and provides excellent customer service).

Member Avatar PintoFlounder (< 20) Submitted: 12/22/2010 9:12:56 AM
Recs: 0

This stock seems to move only a few minutes before closing, or shows a price change at opening. It seems like the price is set like the gold price is set by the wise old men in London. Third quarter 10K showed big golden parachute expenses from an earlier acquisition which shocked the price down. The report stated that there will be aid from the FDIC who was a catalyst for the acquisition. I really think the stock is undervalued because of the surprise and not the soundness of the bank. Probable 4th quarter rumors will be starting of increased profitibility and I'm looking at 9.6 for 12/31/10 close.

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