Shares of Select Bancorp Inc (NASDAQ:SLCT) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus target price of $10.50 for the company and are predicting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given Select Bancorp an industry rank of 195 out of 254 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of Select Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, June 11th.

NASDAQ:SLCT traded down $0.65 during mid-day trading on Monday, hitting $7.67. 115,353 shares of the company’s stock were exchanged, compared to its average volume of 44,666. Select Bancorp has a one year low of $5.98 and a one year high of $12.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 1.09. The business has a fifty day moving average price of $7.54 and a 200 day moving average price of $9.50. The company has a market cap of $150.22 million, a PE ratio of 14.60 and a beta of 0.74.

Select Bancorp (NASDAQ:SLCT) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.06 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.09). Select Bancorp had a return on equity of 5.12% and a net margin of 16.86%. The business had revenue of $12.90 million for the quarter, compared to the consensus estimate of $13.75 million. On average, equities analysts forecast that Select Bancorp will post 0.34 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Select Bancorp by 5.7% in the first quarter. Geode Capital Management LLC now owns 218,756 shares of the bank’s stock worth $1,669,000 after buying an additional 11,727 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Select Bancorp by 54.0% in the first quarter. Wellington Management Group LLP now owns 216,129 shares of the bank’s stock worth $1,649,000 after buying an additional 75,797 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Select Bancorp by 4.8% in the first quarter. Alliancebernstein L.P. now owns 624,862 shares of the bank’s stock worth $4,768,000 after buying an additional 28,376 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. lifted its stake in shares of Select Bancorp by 2.3% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 526,393 shares of the bank’s stock worth $4,016,000 after buying an additional 11,922 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Select Bancorp in the first quarter worth approximately $345,000. Hedge funds and other institutional investors own 43.91% 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 deposit and NOW accounts, savings accounts, and time deposits, as well as certificates of deposit.

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