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.

A number of research firms have recently weighed in on SLCT. Zacks Investment Research downgraded shares of Select Bancorp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine upgraded shares of Select Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st.

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.

COPYRIGHT VIOLATION NOTICE: “Select Bancorp, Inc. (SLCT) Director Anthony Rand Acquires 3,221 Shares of Stock” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/29/select-bancorp-inc-slct-director-anthony-rand-acquires-3221-shares-of-stock.html.

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.

Receive News & Stock Ratings for Select Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Bancorp Inc. and related stocks with our FREE daily email newsletter.