Eagle Global Advisors LLC continued to hold its position in shares of Select Bancorp, Inc. (NASDAQ:SLCT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,940 shares of the bank’s stock at the end of the second quarter. Eagle Global Advisors LLC owned about 0.14% of Select Bancorp worth $195,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. RMB Capital Management LLC boosted its position in shares of Select Bancorp by 19.9% in the first quarter. RMB Capital Management LLC now owns 602,093 shares of the bank’s stock valued at $6,563,000 after buying an additional 99,863 shares during the last quarter. Renaissance Technologies LLC bought a new position in Select Bancorp during the fourth quarter valued at approximately $356,000. Dimensional Fund Advisors LP increased its position in Select Bancorp by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 107,396 shares of the bank’s stock valued at $1,058,000 after buying an additional 6,969 shares during the period. Finally, Mendon Capital Advisors Corp increased its position in Select Bancorp by 2.2% in the first quarter. Mendon Capital Advisors Corp now owns 43,671 shares of the bank’s stock valued at $476,000 after buying an additional 930 shares during the period. 14.73% of the stock is currently owned by institutional investors and hedge funds.
Select Bancorp, Inc. (NASDAQ SLCT) traded up 0.53% during trading on Friday, reaching $11.46. The company’s stock had a trading volume of 8,008 shares. Select Bancorp, Inc. has a one year low of $7.78 and a one year high of $12.75. The stock has a 50-day moving average of $11.91 and a 200 day moving average of $11.47. The firm has a market capitalization of $133.65 million, a P/E ratio of 19.76 and a beta of 0.33.
Select Bancorp (NASDAQ:SLCT) last 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. 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. On average, equities research analysts predict that Select Bancorp, Inc. will post $0.64 EPS for the current fiscal year.
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Several research analysts have recently commented on the company. Zacks Investment Research downgraded Select Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine raised Select Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, FIG Partners cut Select Bancorp from an “outperform” rating to a “market perform” rating and set a $13.00 price target for the company. in a report on Monday, May 22nd.
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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