Shares of Select Bancorp Inc (NASDAQ:SLCT) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $13.50 for the company and are expecting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also given Select Bancorp an industry rank of 176 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Select Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday.
NASDAQ SLCT traded down $0.15 on Thursday, hitting $11.45. 9,438 shares of the stock traded hands, compared to its average volume of 27,549. The business’s fifty day moving average is $10.99 and its two-hundred day moving average is $11.35. Select Bancorp has a 12 month low of $10.14 and a 12 month high of $12.91. The firm has a market capitalization of $214.63 million, a price-to-earnings ratio of 12.05 and a beta of 0.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.10.
Select Bancorp (NASDAQ:SLCT) last announced its quarterly earnings data on Friday, August 2nd. The bank reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Select Bancorp had a return on equity of 7.35% and a net margin of 24.90%. The business had revenue of $13.03 million during the quarter, compared to analyst estimates of $12.93 million. Analysts expect that Select Bancorp will post 0.76 EPS for the current fiscal year.
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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