Select Bancorp, Inc. (SLCT) Receives Consensus Rating of “Hold” from Brokerages
Shares of Select Bancorp, Inc. (NASDAQ:SLCT) have been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus target price of $13.00 for the company and are expecting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Select Bancorp an industry rank of 83 out of 265 based on the ratings given to its competitors.
In other news, Director Anthony Rand purchased 3,221 shares of the stock in a transaction dated Monday, November 27th. The stock was acquired at an average price of $12.08 per share, for a total transaction of $38,909.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.21% of the stock is currently owned by corporate insiders.
Select Bancorp (SLCT) traded down $0.15 during trading on Friday, reaching $12.08. 24,900 shares of the company were exchanged, compared to its average volume of 9,268. Select Bancorp has a 52-week low of $9.23 and a 52-week high of $12.75. The stock has a market capitalization of $142.63, a P/E ratio of 21.09 and a beta of 0.28. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.11.
Select Bancorp (NASDAQ:SLCT) last posted its earnings results on Friday, November 3rd. The bank reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The firm had revenue of $9.46 million for the quarter, compared to analyst estimates of $9.54 million. Select Bancorp had a return on equity of 6.38% and a net margin of 16.86%. analysts anticipate that Select Bancorp will post 0.74 EPS for the current fiscal year.
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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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