Select Bancorp Inc (NASDAQ:SLCT) – Equities researchers at FIG Partners issued their Q1 2019 EPS estimates for Select Bancorp in a report released on Tuesday, September 4th. FIG Partners analyst C. Marinac anticipates that the bank will post earnings of $0.20 per share for the quarter. FIG Partners currently has a “Outperform” rating on the stock. FIG Partners also issued estimates for Select Bancorp’s Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.24 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.90 EPS, Q1 2020 earnings at $0.23 EPS, Q2 2020 earnings at $0.24 EPS and FY2020 earnings at $0.97 EPS.
SLCT stock opened at $12.90 on Wednesday. The stock has a market cap of $179.66 million, a price-to-earnings ratio of 21.15 and a beta of 0.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.05 and a quick ratio of 1.05. Select Bancorp has a 1 year low of $10.90 and a 1 year high of $14.25.
Select Bancorp (NASDAQ:SLCT) last released its earnings results on Wednesday, July 25th. The bank reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $13.16 million during the quarter. Select Bancorp had a return on equity of 7.37% and a net margin of 8.96%.
In other news, CFO Mark Alan Jeffries bought 2,500 shares of the stock in a transaction on Thursday, August 30th. The stock was purchased at an average price of $12.00 per share, for a total transaction of $30,000.00. Following the acquisition, the chief financial officer now owns 2,500 shares in the company, valued at $30,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have acquired 3,500 shares of company stock valued at $42,000. Corporate insiders own 14.02% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in SLCT. BlackRock Inc. increased its holdings in Select Bancorp by 8,239.0% during the 2nd quarter. BlackRock Inc. now owns 485,499 shares of the bank’s stock worth $6,541,000 after purchasing an additional 479,677 shares in the last quarter. RMB Capital Management LLC boosted its stake in shares of Select Bancorp by 43.7% during the 1st quarter. RMB Capital Management LLC now owns 1,080,543 shares of the bank’s stock worth $14,436,000 after buying an additional 328,661 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Select Bancorp during the 1st quarter worth about $1,474,000. Franklin Street Advisors Inc. NC acquired a new position in shares of Select Bancorp during the 2nd quarter worth about $644,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Select Bancorp by 19.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 169,820 shares of the bank’s stock worth $2,288,000 after buying an additional 27,768 shares during the last quarter. Hedge funds and other institutional investors own 31.65% of the company’s stock.
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 and NOW accounts, savings accounts, and time deposits.
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