Select Bancorp, Inc. (SLCT) Announces Earnings Results

Select Bancorp, Inc. (NASDAQ:SLCT) released its earnings results on Friday. The bank reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04), Bloomberg Earnings reports. Select Bancorp had a net margin of 17.31% and a return on equity of 6.44%. The business had revenue of $9.46 million during the quarter, compared to analyst estimates of $9.54 million.

Select Bancorp (NASDAQ SLCT) opened at $11.55 on Friday. Select Bancorp has a 52-week low of $8.13 and a 52-week high of $12.75. The firm has a market capitalization of $134.71, a price-to-earnings ratio of 19.91 and a beta of 0.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 1.02.

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A number of equities research analysts have commented on the company. Zacks Investment Research downgraded Select Bancorp from a “buy” rating to a “hold” rating in a report on Friday, August 11th. ValuEngine raised Select Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st.

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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