Select Bancorp, Inc. (SLCT) Announces Quarterly Earnings Results

Select Bancorp, Inc. (NASDAQ:SLCT) posted its quarterly earnings results on Tuesday, August 1st. The bank reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by $0.07, Bloomberg Earnings reports. Select Bancorp had a net margin of 17.31% and a return on equity of 6.44%. The company had revenue of $9.05 million during the quarter, compared to analyst estimates of $9.28 million.

Select Bancorp (NASDAQ SLCT) traded down 1.66% during mid-day trading on Friday, reaching $11.26. The company’s stock had a trading volume of 18,831 shares. Select Bancorp has a 1-year low of $7.78 and a 1-year high of $12.75. The stock has a market capitalization of $131.31 million, a P/E ratio of 19.41 and a beta of 0.33. The stock’s 50 day moving average price is $11.96 and its 200 day moving average price is $11.44.

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Several equities research analysts recently commented on the company. Zacks Investment Research lowered Select Bancorp from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded Select Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, FIG Partners lowered Select Bancorp from an “outperform” rating to a “market perform” rating and set a $13.00 target price for the company. in a report on Monday, May 22nd.

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.

Earnings History for Select Bancorp (NASDAQ:SLCT)

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