BNCCORP Inc. (OTCMKTS:BNCC) Sees Large Increase in Short Interest

BNCCORP Inc. (OTCMKTS:BNCC) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 530 shares, an increase of 116.3% from the June 15th total of 245 shares. Based on an average daily volume of 4,245 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

BNCCORP Price Performance

Shares of BNCC opened at $36.07 on Thursday. The company has a market cap of $127.84 million, a P/E ratio of 13.93 and a beta of 0.33. BNCCORP has a fifty-two week low of $28.39 and a fifty-two week high of $38.00. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average price is $34.90 and its 200 day moving average price is $35.16.

BNCCORP (OTCMKTS:BNCC) last posted its quarterly earnings results on Friday, May 15th. The bank reported $0.61 EPS for the quarter. BNCCORP had a net margin of 15.52% and a return on equity of 8.75%.

BNCCORP Company Profile

BNCCORP (OTCMKTS:BNCC) is a bank holding company headquartered in New Canaan, Connecticut. Through its wholly owned subsidiary, The Bank of New Canaan, the company offers a full suite of community banking services tailored to the needs of individuals and businesses. Established in the early 2000s, BNCCORP has grown by focusing on relationship-based lending and personalized deposit products, positioning itself as a regional banking partner in Fairfield County and neighboring Westchester County, New York.

The company’s core business activities include consumer and commercial lending, deposit account services, mortgage finance and treasury management solutions.