Select Bancorp Inc. (SLCT) Director Sells $41,750.00 in Stock
Select Bancorp Inc. (NASDAQ:SLCT) Director V. Parker Overton sold 5,000 shares of the stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $8.35, for a total transaction of $41,750.00. Following the completion of the sale, the director now directly owns 132,388 shares of the company’s stock, valued at approximately $1,105,439.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
V. Parker Overton also recently made the following trade(s):
- On Monday, September 19th, V. Parker Overton sold 25,000 shares of Select Bancorp stock. The stock was sold at an average price of $8.35, for a total transaction of $208,750.00.
- On Friday, September 16th, V. Parker Overton sold 5,068 shares of Select Bancorp stock. The stock was 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 stock was 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 8.04 on Friday. The firm has a market cap of $93.51 million, a P/E ratio of 14.89 and a beta of 0.14. Select Bancorp Inc. has a 52-week low of $7.10 and a 52-week high of $9.44. The stock’s 50 day moving average is $8.17 and its 200-day moving average is $8.12.
Select Bancorp (NASDAQ:SLCT) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Select Bancorp had a return on equity of 6.50% and a net margin of 17.24%. Equities analysts anticipate that Select Bancorp Inc. will post $0.64 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Select Bancorp from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research 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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