RMB Capital Management LLC boosted its position in shares of Select Bancorp Inc (NASDAQ:SLCT) by 43.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,080,543 shares of the bank’s stock after buying an additional 328,661 shares during the quarter. RMB Capital Management LLC owned 0.08% of Select Bancorp worth $14,436,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kennedy Capital Management Inc. boosted its stake in shares of Select Bancorp by 16.7% during the fourth quarter. Kennedy Capital Management Inc. now owns 215,668 shares of the bank’s stock valued at $2,726,000 after purchasing an additional 30,828 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Select Bancorp by 5.9% during the third quarter. Dimensional Fund Advisors LP now owns 122,399 shares of the bank’s stock valued at $1,433,000 after purchasing an additional 6,770 shares during the period. Wells Fargo & Company MN boosted its stake in shares of 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 purchasing an additional 9,448 shares during the period. Salzhauer Michael purchased a new stake in shares of Select Bancorp during the first quarter valued at $404,000. Finally, Tibra Equities Europe Ltd purchased a new stake in shares of Select Bancorp during the first quarter valued at $320,000. 24.70% of the stock is owned by institutional investors.

SLCT stock opened at $13.17 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $183.02 million, a P/E ratio of 21.59 and a beta of 0.21. Select Bancorp Inc has a 1-year low of $10.90 and a 1-year high of $14.06.

Separately, Zacks Investment Research lowered shares of Select Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, February 20th.

In related news, Director James H. Jr. Glen sold 7,500 shares of Select Bancorp stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $13.11, for a total value of $98,325.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.02% of the company’s stock.

Select Bancorp Company Profile

Select Bancorp, Inc operates as the bank holding company for Select Bank & Trust Company that provides banking services to individuals and small to medium-sized businesses. The company accepts deposit products, such as non-interest-bearing demand deposits, money market and NOW accounts, savings accounts, and time deposits.

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Institutional Ownership by Quarter for Select Bancorp (NASDAQ:SLCT)

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