Select Bancorp, Inc. (SLCT) Releases Earnings Results, Misses Estimates By $0.04 EPS
Select Bancorp, Inc. (NASDAQ:SLCT) issued its quarterly earnings results on Friday. The bank reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04), Bloomberg Earnings reports. Select Bancorp had a return on equity of 6.44% and a net margin of 17.31%. The company had revenue of $9.46 million during the quarter, compared to the consensus estimate of $9.54 million.
Select Bancorp (NASDAQ SLCT) traded down $0.14 during trading hours on Friday, reaching $11.56. The company had a trading volume of 17,554 shares, compared to its average volume of 5,710. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. Select Bancorp has a fifty-two week low of $8.13 and a fifty-two week high of $12.75. The firm has a market capitalization of $134.82 million, a price-to-earnings ratio of 20.17 and a beta of 0.39.
SLCT has been the topic of a number of recent analyst reports. ValuEngine cut Select Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Zacks Investment Research cut Select Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.
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Select Bancorp Company Profile
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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