Shares of Select Bancorp Inc (NASDAQ:SLCT) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price target of $14.75 for the company and are anticipating that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Select Bancorp an industry rank of 67 out of 255 based on the ratings given to its competitors.

SLCT has been the topic of several research analyst reports. Zacks Investment Research downgraded Select Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. ValuEngine downgraded Select Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, February 23rd.

Shares of NASDAQ SLCT remained flat at $$11.46 during trading hours on Friday. The stock had a trading volume of 11,889 shares, compared to its average volume of 21,789. The company has a market cap of $221.18 million, a P/E ratio of 12.06 and a beta of 0.18. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.28. Select Bancorp has a 52-week low of $11.10 and a 52-week high of $14.25.

Select Bancorp (NASDAQ:SLCT) last released its earnings results on Friday, January 25th. The bank reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm had revenue of $13.14 million for the quarter, compared to the consensus estimate of $13.12 million. Select Bancorp had a return on equity of 9.25% and a net margin of 22.40%. On average, research analysts expect that Select Bancorp will post 0.9 EPS for the current fiscal year.

In other news, Director James H. Jr. Glen sold 4,450 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $11.15, for a total transaction of $49,617.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Lynn H. Johnson sold 14,380 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $11.59, for a total value of $166,664.20. Following the transaction, the chief operating officer now directly owns 800 shares in the company, valued at approximately $9,272. The disclosure for this sale can be found here. Insiders sold a total of 26,130 shares of company stock worth $298,699 in the last ninety days. 14.02% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Select Bancorp by 41.9% during the 4th quarter. BlackRock Inc. now owns 729,753 shares of the bank’s stock worth $9,033,000 after purchasing an additional 215,504 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of Select Bancorp by 39.1% during the 3rd quarter. Vanguard Group Inc now owns 595,454 shares of the bank’s stock worth $7,384,000 after purchasing an additional 167,235 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Select Bancorp by 39.1% during the 3rd quarter. Vanguard Group Inc. now owns 595,454 shares of the bank’s stock worth $7,384,000 after purchasing an additional 167,235 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Select Bancorp by 58.9% during the 3rd quarter. Alliancebernstein L.P. now owns 590,858 shares of the bank’s stock worth $7,327,000 after purchasing an additional 218,998 shares during the last quarter. Finally, JCSD Capital LLC lifted its stake in shares of Select Bancorp by 14.3% during the 4th quarter. JCSD Capital LLC now owns 557,340 shares of the bank’s stock worth $6,900,000 after purchasing an additional 69,840 shares during the last quarter. 47.73% of the stock is currently owned by institutional investors and hedge funds.

About Select Bancorp

Select Bancorp, Inc is a bank holding company. It engages in the provision of general commercial and retail financial services. The company was founded on May 14, 2003 and is headquartered in Dunn, NC.

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