Zacks Investment Research upgraded shares of Select Bancorp (NASDAQ:SLCT) from a sell rating to a hold rating in a report published on Saturday.

According to Zacks, “Select Bancorp Inc. is a bank holding company. It engages in providing personal and business banking products through its branches and the Internet. The Bank offers a range of banking services, including checking and savings accounts, commercial, consumer, mortgage and personal loans, and other associated financial services. Select Bancorp, Inc., formerly known as New Century Bancorp, Inc., is based in United States. “

Separately, ValuEngine upgraded shares of Select Bancorp from a hold rating to a buy rating in a report on Sunday, December 31st.

Select Bancorp (NASDAQ SLCT) opened at $13.20 on Friday. The firm has a market cap of $153.83, a PE ratio of 22.76 and a beta of 0.19. Select Bancorp has a 12 month low of $10.58 and a 12 month high of $14.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.11.

In other Select Bancorp news, Director Anthony Rand acquired 3,221 shares of the business’s stock in a transaction on Monday, November 27th. The stock was bought at an average price of $12.08 per share, for a total transaction of $38,909.68. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 14.21% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in SLCT. Bank of New York Mellon Corp raised its holdings in Select Bancorp by 0.7% in 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 acquiring an additional 610 shares during the last quarter. Vanguard Group Inc. raised its holdings in Select Bancorp by 36.9% in the 2nd quarter. Vanguard Group Inc. now owns 202,655 shares of the bank’s stock valued at $2,476,000 after acquiring an additional 54,635 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Select Bancorp by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 115,629 shares of the bank’s stock valued at $1,413,000 after acquiring an additional 2,516 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Select Bancorp in the 2nd quarter valued at about $723,000. Finally, Brightworth acquired a new stake in Select Bancorp in the 3rd quarter valued at about $362,000. Institutional investors own 19.47% of the company’s stock.

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Select Bancorp Company 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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