Shares of Select Bancorp, Inc. (NASDAQ:SLCT) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price target 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 36 out of 265 based on the ratings given to related companies.
SLCT has been the topic of a number of recent analyst reports. ValuEngine upgraded Select Bancorp from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Select Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th.
Select Bancorp (SLCT) traded down $0.02 during midday trading on Monday, hitting $13.27. The stock had a trading volume of 7,600 shares, compared to its average volume of 10,814. The company has a market cap of $155.00, a PE ratio of 22.91 and a beta of 0.19. Select Bancorp has a 12 month low of $10.58 and a 12 month high of $14.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11.
In other news, Director Anthony Rand acquired 3,221 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 14.21% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management Inc. raised its stake in Select Bancorp by 16.7% in the 4th quarter. Kennedy Capital Management Inc. now owns 215,668 shares of the bank’s stock valued at $2,726,000 after acquiring an additional 30,828 shares during the period. Vanguard Group Inc. grew 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 valued at $2,476,000 after buying an additional 54,635 shares in the last quarter. Dimensional Fund Advisors LP grew 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 valued at $1,433,000 after buying an additional 6,770 shares in the last quarter. Bank of New York Mellon Corp grew 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 valued at $1,045,000 after buying an additional 6,282 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC purchased a new position in Select Bancorp during the 4th quarter valued at about $837,000. Institutional investors and hedge funds own 19.36% of the company’s stock.
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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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