Select Bancorp, Inc. (SLCT) Receives Consensus Rating of “Hold” from Brokerages

Select Bancorp, Inc. (NASDAQ:SLCT) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Brokerages have set a one year consensus price target of $13.00 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Select Bancorp an industry rank of 15 out of 265 based on the ratings given to related companies.

Separately, ValuEngine raised shares of Select Bancorp from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

Select Bancorp (NASDAQ SLCT) opened at $13.41 on Wednesday. Select Bancorp has a 52 week low of $9.81 and a 52 week high of $14.06. 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 cap of $157.56, a PE ratio of 23.12 and a beta of 0.27.

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

In other Select Bancorp news, Director Anthony Rand purchased 3,221 shares of the stock in a transaction dated Monday, November 27th. The shares were bought at an average price of $12.08 per share, with a total value of $38,909.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.21% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Select Bancorp by 36.9% during the 2nd quarter. Vanguard Group Inc. now owns 202,655 shares of the bank’s stock worth $2,476,000 after acquiring an additional 54,635 shares during the period. Dimensional Fund Advisors LP increased its holdings in Select Bancorp by 5.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 122,399 shares of the bank’s stock worth $1,433,000 after acquiring an additional 6,770 shares during the period. Bank of New York Mellon Corp increased its holdings in Select Bancorp by 7.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 89,235 shares of the bank’s stock worth $1,045,000 after acquiring an additional 6,282 shares during the period. Franklin Street Advisors Inc. NC bought a new stake in Select Bancorp during the 4th quarter worth approximately $837,000. Finally, Janus Henderson Group PLC bought a new stake in Select Bancorp during the 2nd quarter worth approximately $723,000. 18.94% of the stock is currently owned by institutional investors and hedge funds.

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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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