BNCCORP, Inc. Sees Notable Decline in Short Interest

BNCCORP, Inc. (OTCMKTS:BNCC - Get Free Report) experienced a significant reduction in short interest during January. As of January 15th, the total short interest stood at just 300 shares, reflecting a decline of 62.5% compared to the total of 800 shares reported on December 31st. Given the average daily trading volume of 6,700 shares, the current short-interest ratio is effectively 0.0 days, indicating minimal short selling activity.

BNCCORP Stock Movement

During trading on Thursday, shares of BNCCORP saw a decrease of $0.18, bringing the price down to $31.88. The trading volume for the day was 300 shares, which is significantly lower than the company's average volume of 2,263 shares. BNCCORP's financial metrics include a quick ratio of 0.93, a current ratio of 0.93, and a debt-to-equity ratio of 0.14. The company's market capitalization is approximately $112.84 million, with a price-to-earnings (PE) ratio of 14.42 and a beta of 0.84, reflecting less volatility compared to the market. Over the past year, BNCCORP's stock has reached a low of $20.10 and a high of $35.45, while its fifty-day moving average is $32.26 and the 200-day moving average is at $28.31.

BNCCORP recently reported its quarterly earnings on November 1st. For the quarter, the bank achieved earnings per share (EPS) of $0.59, with revenues amounting to $13.06 million. The company managed a net margin of 15.03% alongside a return on equity of 7.47%. Notably, during the same quarter last year, BNCCORP posted an EPS of $0.42.

Dividend Increase Announced

In addition to the recent financial updates, BNCCORP announced an increase in its dividend, which was paid on January 14th. Shareholders on record as of December 30th received a dividend payment of $4.00 per share, up from the previous dividend of $2.25. The ex-dividend date for this distribution was also December 30th.

About BNCCORP

BNCCORP, Inc. operates as the bank holding company for BNC National Bank. The bank offers a range of services including community banking, retail and mortgage banking, and wealth management to both businesses and consumers. BNCCORP provides commercial banking services that encompass business financing, commercial real estate lending, small business administration loans, corporate credit cards, and various cash management solutions targeted toward small to middle-market businesses.

Conclusion

The recent decline in short interest for BNCCORP may suggest a shift in trader sentiment, yet investors should consider all available data when evaluating the stock. Monitoring future performance, dividend announcements, and earnings reports will be essential for anyone interested in this banking institution.

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