Select Bancorp Inc (NASDAQ:SLCT) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $14.00 for the company and are expecting that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also assigned Select Bancorp an industry rank of 175 out of 256 based on the ratings given to related companies.
A number of analysts have recently commented on SLCT shares. Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. ValuEngine raised shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th.
Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its holdings in shares of Select Bancorp by 521.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,279 shares of the bank’s stock worth $37,000 after acquiring an additional 2,751 shares during the last quarter. Citigroup Inc. increased its stake in Select Bancorp by 28.5% during the 4th quarter. Citigroup Inc. now owns 3,972 shares of the bank’s stock worth $50,000 after buying an additional 881 shares during the period. Acadian Asset Management LLC purchased a new stake in Select Bancorp during the 4th quarter worth approximately $54,000. SG Americas Securities LLC purchased a new stake in Select Bancorp during the 1st quarter worth approximately $101,000. Finally, American International Group Inc. increased its stake in Select Bancorp by 36.7% during the 4th quarter. American International Group Inc. now owns 10,198 shares of the bank’s stock worth $126,000 after buying an additional 2,736 shares during the period. Institutional investors own 47.62% of the company’s stock.
Shares of Select Bancorp stock traded down $0.10 during trading on Friday, hitting $11.31. 8,600 shares of the company’s stock were exchanged, compared to its average volume of 17,964. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $11.34. Select Bancorp has a 52-week low of $10.14 and a 52-week high of $14.25. The company has a market cap of $219.55 million, a PE ratio of 11.91 and a beta of 0.34.
Select Bancorp (NASDAQ:SLCT) last issued its earnings results on Tuesday, April 30th. The bank reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.03). Select Bancorp had a return on equity of 7.91% and a net margin of 24.54%. The business had revenue of $12.65 million for the quarter, compared to analysts’ expectations of $13.14 million. Sell-side analysts forecast that Select Bancorp will post 0.77 EPS for the current year.
About Select Bancorp
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 deposit and NOW accounts, savings accounts, and time deposits, as well as certificates of deposit.
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