Context BH Capital Management LP Has $1.91 Million Holdings in Select Bancorp, Inc. (SLCT)
Context BH Capital Management LP reduced its stake in shares of Select Bancorp, Inc. (NASDAQ:SLCT) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,168 shares of the bank’s stock after selling 9,242 shares during the quarter. Context BH Capital Management LP owned about 1.40% of Select Bancorp worth $1,911,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of SLCT. Dimensional Fund Advisors LP increased its stake in Select Bancorp by 5.3% during the first quarter. Dimensional Fund Advisors LP now owns 113,113 shares of the bank’s stock worth $1,242,000 after acquiring an additional 5,717 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Select Bancorp by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 82,953 shares of the bank’s stock worth $1,013,000 after acquiring an additional 610 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in Select Bancorp during the second quarter worth approximately $499,000. Vanguard Group Inc. increased its stake in Select Bancorp by 36.9% during the second quarter. Vanguard Group Inc. now owns 202,655 shares of the bank’s stock worth $2,476,000 after acquiring an additional 54,635 shares during the last quarter. Finally, ELCO Management Co. LLC increased its stake in Select Bancorp by 6.8% during the second quarter. ELCO Management Co. LLC now owns 46,644 shares of the bank’s stock worth $570,000 after acquiring an additional 2,973 shares during the last quarter. 16.92% of the stock is currently owned by institutional investors.
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Select Bancorp, Inc. (SLCT) traded up $0.03 on Monday, hitting $11.61. The stock had a trading volume of 8,900 shares, compared to its average volume of 9,481. The company has a market capitalization of $135.40, a PE ratio of 20.02 and a beta of 0.27. Select Bancorp, Inc. has a 1 year low of $8.13 and a 1 year high of $12.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.01 and a current ratio of 1.01.
Select Bancorp (NASDAQ:SLCT) last released its earnings results on Friday, November 3rd. The bank reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $9.46 million for the quarter, compared to the consensus estimate of $9.54 million. Select Bancorp had a net margin of 16.86% and a return on equity of 6.38%. sell-side analysts expect that Select Bancorp, Inc. will post 0.74 EPS for the current year.
Several brokerages have weighed in on SLCT. Zacks Investment Research cut Select Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine raised Select Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st.
Select Bancorp 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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