BNCCORP, Inc. Experiences Notable Decline in Short Interest

BNCCORP, Inc. (OTCMKTS:BNCC - Get Free Report) experienced a notable reduction in short interest during January. As of January 15th, total short interest stood at 300 shares, marking a decrease of 62.5% from the previous month's figure of 800 shares reported on December 31st. Given the average daily trading volume of 6,700 shares, the current short-interest ratio indicates a standing of 0.0 days.

BNCCORP Stock Performance

On Thursday, BNCCORP's shares traded down by 0.5%, declining by $0.18 to reach $31.88. The trading volume for the day amounted to 300 shares, which is lower than the average volume of 2,263 shares. Financially, BNCCORP holds a quick ratio and current ratio of 0.93 each, along with a debt-to-equity ratio of 0.14. The company's market capitalization is estimated at $112.84 million, with a price-to-earnings (PE) ratio of 14.42 and a beta of 0.84. Over the past year, the share price has fluctuated with a low of $20.10 and a high of $35.45, while the fifty-day and 200-day moving averages are currently $32.26 and $28.31, respectively.

In terms of recent financial performance, BNCCORP published its quarterly earnings on November 1st. The report revealed earnings per share (EPS) of $0.59 for the quarter, alongside revenue totaling $13.06 million. The company recorded a net margin of 15.03% and a return on equity of 7.47%. For comparison, during the same quarter the previous year, the EPS was $0.42.

Dividend Announcement from BNCCORP

BNCCORP also recently announced a dividend increase, with the latest payout occurring on January 14th. Shareholders recorded as of December 30th were entitled to receive a dividend of $4.00. This new dividend amount signifies a growth from BNCCORP's former dividend rate of $2.25.

Overview of BNCCORP

BNCCORP, Inc. functions as the bank holding company for BNC National Bank. The bank provides various community banking services, which include retail and mortgage banking, as well as wealth management for both individual consumers and businesses. Among the commercial banking services offered are business loans, commercial real estate financing, small business administration loans, business checking accounts, cash management, corporate credit cards, and merchant services catering to small and middle-market enterprises.

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This report was generated using advanced narrative technology and financial data analysis for swift and accurate news coverage.

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BNCCORP, Stocks, Dividend