Select Bancorp Inc. (SLCT) Insider David Richard Tobin, Jr. Sells 1,300 Shares
Select Bancorp Inc. (NASDAQ:SLCT) insider David Richard Tobin, Jr. sold 1,300 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $8.35, for a total transaction of $10,855.00. Following the completion of the transaction, the insider now owns 300 shares of the company’s stock, valued at $2,505. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of Select Bancorp Inc. (NASDAQ:SLCT) traded up 1.61% on Wednesday, hitting $8.82. 13,200 shares of the company traded hands. The firm’s 50-day moving average is $8.18 and its 200 day moving average is $8.14. The firm has a market capitalization of $102.58 million, a P/E ratio of 16.33 and a beta of 0.32. Select Bancorp Inc. has a 1-year low of $7.32 and a 1-year high of $9.44.
Separately, Zacks Investment Research upgraded 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 note on Friday, August 26th.
About Select Bancorp
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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