Select Bancorp, Inc. (NASDAQ:SLCT) Director Anthony Rand acquired 3,221 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were acquired at an average cost of $12.08 per share, for a total transaction of $38,909.68. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Select Bancorp, Inc. (NASDAQ:SLCT) traded up $0.22 during trading on Tuesday, reaching $12.05. The company’s stock had a trading volume of 26,900 shares, compared to its average volume of 9,366. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $137.97, a price-to-earnings ratio of 20.40 and a beta of 0.27. Select Bancorp, Inc. has a 12 month low of $8.83 and a 12 month high of $12.75.

Select Bancorp (NASDAQ:SLCT) last posted its earnings results on Friday, November 3rd. The bank reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The firm had revenue of $9.46 million during the quarter, compared to analyst estimates of $9.54 million. Select Bancorp had a net margin of 16.86% and a return on equity of 6.38%. equities research analysts anticipate that Select Bancorp, Inc. will post 0.74 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on SLCT. Zacks Investment Research lowered Select Bancorp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine raised Select Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st.

A number of institutional investors have recently bought and sold shares of SLCT. ZPR Investment Management acquired a new stake in Select Bancorp in the second quarter valued at $131,000. Brightworth acquired a new stake in Select Bancorp in the third quarter valued at $362,000. Kennedy Capital Management Inc. acquired a new stake in Select Bancorp in the second quarter valued at $499,000. ELCO Management Co. LLC grew its holdings in Select Bancorp by 6.8% in the second quarter. ELCO Management Co. LLC now owns 46,644 shares of the bank’s stock valued at $570,000 after purchasing an additional 2,973 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Select Bancorp in the second quarter valued at $723,000. 18.94% of the stock is currently owned by institutional investors.

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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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