Insider Selling: Select Bancorp Inc. (SLCT) Director Sells $208,750.00 in Stock
Select Bancorp Inc. (NASDAQ:SLCT) Director V. Parker Overton sold 25,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $8.35, for a total transaction of $208,750.00. Following the transaction, the director now owns 137,388 shares in the company, valued at $1,147,189.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
V. Parker Overton also recently made the following trade(s):
- On Friday, September 16th, V. Parker Overton sold 5,068 shares of Select Bancorp stock. The shares were sold at an average price of $8.25, for a total transaction of $41,811.00.
- On Wednesday, September 14th, V. Parker Overton sold 200 shares of Select Bancorp stock. The shares were sold at an average price of $8.73, for a total transaction of $1,746.00.
Shares of Select Bancorp Inc. (NASDAQ:SLCT) opened at 8.33 on Friday. The company has a market capitalization of $96.88 million, a PE ratio of 15.43 and a beta of 0.14. The company has a 50-day moving average of $8.17 and a 200-day moving average of $8.12. Select Bancorp Inc. has a one year low of $7.10 and a one year high of $9.44.
Select Bancorp (NASDAQ:SLCT) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Select Bancorp had a net margin of 17.24% and a return on equity of 6.50%. On average, analysts anticipate that Select Bancorp Inc. will post $0.64 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of Select Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Friday, August 26th.
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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