Select Bancorp, Inc. (SLCT) Director Anthony Rand Acquires 3,221 Shares of Stock
Select Bancorp, Inc. (NASDAQ:SLCT) Director Anthony Rand bought 3,221 shares of Select Bancorp stock in a transaction dated Monday, November 27th. The stock was acquired at an average price of $12.08 per share, for a total transaction of $38,909.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Select Bancorp, Inc. (SLCT) traded up $0.09 during trading on Wednesday, hitting $12.14. 10,500 shares of the stock were exchanged, compared to its average volume of 9,371. Select Bancorp, Inc. has a 12-month low of $8.83 and a 12-month 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. The company has a market cap of $137.97, a P/E ratio of 20.40 and a beta of 0.27.
Select Bancorp (NASDAQ:SLCT) last posted its earnings results on Friday, November 3rd. The bank reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The business had revenue of $9.46 million during the quarter, compared to the consensus estimate of $9.54 million. Select Bancorp had a return on equity of 6.38% and a net margin of 16.86%. sell-side analysts forecast that Select Bancorp, Inc. will post 0.74 earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Brightworth bought a new position in Select Bancorp during the 3rd quarter valued at about $362,000. Janus Henderson Group PLC bought a new position in Select Bancorp during the 2nd quarter valued at about $723,000. Bank of New York Mellon Corp grew its holdings in Select Bancorp by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 82,953 shares of the bank’s stock valued at $1,013,000 after purchasing an additional 610 shares during the last quarter. Kennedy Capital Management Inc. bought a new position in Select Bancorp during the 2nd quarter valued at about $499,000. Finally, ZPR Investment Management bought a new position in Select Bancorp during the 2nd quarter valued at about $131,000. Institutional investors own 18.94% of the company’s stock.
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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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