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BNC Bancorp Message Board

  • hornhiyo2000 hornhiyo2000 Dec 30, 2007 12:04 PM Flag

    lots of recent buying

    The last 6 months the demand for share was nill. Lately over last 6 weeks or so there has been accumulation of shares on a nearly daily or every other day basis.

    I wonder if this is a bullish sign? Perhaps favorable news to come with earnings?

    Would love to hear others opnins on this.

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    • I read the post and reviewed insiders transactions. They have been accumulating significant amount of shares. In such a closely held company it probably means that good news is forthcoming.

      Synovus has invested 6 million dollars in BNCN. I read the SEC filing and they had access to all their numbers so that seems to be a positive indicator.

    • I don't know if it's been a lot of buying but definietly a lot more trading. This company is prime for a takeover but right now the "big banks" have to get their balance sheets in order. Hopefully this sub prime mess will start to clear up by the 3rd quarter of 2008. If so, look for somone to snatch this bank up. This bank is very solid and is in a GREAT location (I85 corridor between CLT and GSO).

      Below $20 is a GREAT BUY for this stock. I really think it will be pushing $25 by next year.

24.25-0.07(-0.29%)1:30 PMEDT