Kennedy Capital Management Inc. raised its holdings in shares of Select Bancorp Inc (NASDAQ:SLCT) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,668 shares of the bank’s stock after buying an additional 30,828 shares during the period. Kennedy Capital Management Inc. owned about 1.85% of Select Bancorp worth $2,726,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in SLCT. Vanguard Group Inc. lifted its position in Select Bancorp by 36.9% during the second quarter. Vanguard Group Inc. now owns 202,655 shares of the bank’s stock valued at $2,476,000 after buying an additional 54,635 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Select Bancorp by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 115,629 shares of the bank’s stock valued at $1,413,000 after buying an additional 2,516 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Select Bancorp by 7.6% during the third quarter. Bank of New York Mellon Corp now owns 89,235 shares of the bank’s stock valued at $1,045,000 after buying an additional 6,282 shares in the last quarter. Franklin Street Advisors Inc. NC acquired a new position in Select Bancorp during the fourth quarter valued at approximately $837,000. Finally, Wells Fargo & Company MN lifted its position in Select Bancorp by 17.6% during the fourth quarter. Wells Fargo & Company MN now owns 63,169 shares of the bank’s stock valued at $799,000 after buying an additional 9,448 shares in the last quarter. 19.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently issued reports on SLCT. ValuEngine upgraded shares of Select Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Select Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th.
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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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