Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Select Bancorp (SLCT) Stock Price

Headlines about Select Bancorp (NASDAQ:SLCT) have trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Select Bancorp earned a media sentiment score of 0.01 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 45.6266334162098 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Separately, Zacks Investment Research cut Select Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 11th.

Select Bancorp (SLCT) opened at $12.28 on Tuesday. The stock has a market capitalization of $140.07, a P/E ratio of 20.71 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 has a 1 year low of $9.06 and a 1 year high of $12.75.

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

In related news, Director Anthony Rand bought 3,221 shares of the business’s stock in a transaction that occurred on 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 this hyperlink. 14.21% of the stock is owned by insiders.

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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.

Insider Buying and Selling by Quarter for Select Bancorp (NASDAQ:SLCT)

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