Select Bancorp (NASDAQ:SLCT) Lowered to “Sell” at Zacks Investment Research
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. “
Shares of SLCT traded down $0.04 during trading hours on Wednesday, reaching $10.96. The stock had a trading volume of 1,886 shares, compared to its average volume of 20,818. Select Bancorp has a 12 month low of $10.14 and a 12 month high of $14.25. The firm has a 50-day simple moving average of $11.23 and a 200 day simple moving average of $11.50. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $206.10 million, a price-to-earnings ratio of 11.53 and a beta of 0.36.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SLCT. BlackRock Inc. raised its position in Select Bancorp by 11.1% in the 2nd quarter. BlackRock Inc. now owns 799,709 shares of the bank’s stock valued at $9,148,000 after buying an additional 79,854 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Select Bancorp in the 2nd quarter valued at $701,000. Northern Trust Corp raised its position in Select Bancorp by 56.1% in the 4th quarter. Northern Trust Corp now owns 162,504 shares of the bank’s stock valued at $2,012,000 after buying an additional 58,426 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Select Bancorp by 28.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 226,396 shares of the bank’s stock valued at $2,803,000 after buying an additional 50,351 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Select Bancorp by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 866,009 shares of the bank’s stock valued at $9,907,000 after buying an additional 23,991 shares during the last quarter. 47.42% of the stock is owned by institutional investors and hedge funds.
Select Bancorp Company Profile
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 deposit and NOW accounts, savings accounts, and time deposits, as well as certificates of deposit.
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