Select Bancorp, Inc. (NASDAQ:SLCT) Scheduled to Post Quarterly Earnings on Monday
Select Bancorp, Inc. (NASDAQ:SLCT) is scheduled to be posting its quarterly earnings results on Monday, July 24th. Analysts expect Select Bancorp to post earnings of $0.18 per share for the quarter.
Select Bancorp (NASDAQ:SLCT) last announced its earnings results on Thursday, May 4th. The bank reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Select Bancorp had a return on equity of 7.09% and a net margin of 19.14%. The firm had revenue of $8.81 million during the quarter, compared to the consensus estimate of $8.87 million. On average, analysts expect Select Bancorp to post $0.74 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.
Shares of Select Bancorp, Inc. (SLCT) opened at 11.86 on Monday. Select Bancorp, Inc. has a 52 week low of $7.78 and a 52 week high of $12.75. The company’s 50-day moving average price is $11.92 and its 200 day moving average price is $11.02. The company has a market cap of $138.30 million, a P/E ratio of 18.83 and a beta of 0.34.
SLCT has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Select Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 5th. FIG Partners downgraded Select Bancorp from an “outperform” rating to a “market perform” rating and set a $13.00 price target on the stock. in a research report on Monday, May 22nd. Finally, ValuEngine upgraded Select Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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About Select Bancorp
Select Bancorp, Inc is the bank holding company for Select Bank & Trust Company (the Bank). The Bank is a commercial bank. The Bank provides commercial and retail financial services to customers located in its market areas. The Bank offers a range of banking services, including checking and savings accounts, commercial, consumer, mortgage and personal loans, and other associated financial services.
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