Select Bancorp, Inc. (SLCT) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Select Bancorp, Inc. (NASDAQ:SLCT) from a hold rating to a sell rating in a research report report published on Friday.

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 Select Bancorp (NASDAQ:SLCT) opened at 9.71 on Friday. Select Bancorp has a one year low of $7.67 and a one year high of $10.86. The company’s 50-day moving average price is $9.73 and its 200 day moving average price is $8.53. The stock has a market capitalization of $112.96 million, a PE ratio of 16.74 and a beta of 0.33.

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In other news, Director James H. Jr. Glen sold 3,451 shares of Select Bancorp stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $8.24, for a total value of $28,436.24. Following the sale, the director now directly owns 20,494 shares of the company’s stock, valued at $168,870.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alicia Speight Hawk sold 10,119 shares of Select Bancorp stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $8.85, for a total value of $89,553.15. The disclosure for this sale can be found here. 14.92% of the stock is owned by insiders.

About Select Bancorp

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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