Special Dividends Are Not Quite Enough To Make Bnccorp Appealing

BNCCORP is rated Hold, reflecting overvaluation concerns despite a history of sizable special dividends. BNCC trades at a 13.9x P/E and a PEG of 1.3, both above sector medians, with key performance ratios below peers. Recent special dividends total $22 per share since 2021, but payout timing is irregular and not guaranteed.