Shares of Select Bancorp Inc (NASDAQ:SLCT) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $14.75 for the company and are anticipating 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 52 out of 255 based on the ratings given to its competitors.
Several brokerages recently commented on SLCT. Zacks Investment Research downgraded Select Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, January 1st. ValuEngine upgraded Select Bancorp from a “hold” rating to a “buy” rating in a report on Monday, October 29th.
Shares of NASDAQ:SLCT traded down $0.08 during mid-day trading on Monday, hitting $11.72. 10,700 shares of the company traded hands, compared to its average volume of 16,175. The company has a market cap of $227.72 million, a P/E ratio of 12.34 and a beta of 0.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.12 and a current ratio of 1.12. Select Bancorp has a 52-week low of $11.20 and a 52-week high of $14.25.
Select Bancorp (NASDAQ:SLCT) last announced its earnings results on Friday, January 25th. The bank reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. The business had revenue of $13.14 million for the quarter, compared to the consensus estimate of $13.12 million. Select Bancorp had a return on equity of 9.25% and a net margin of 22.40%. Analysts predict that Select Bancorp will post 0.9 earnings per share for the current year.
Select Bancorp Company Profile
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 and NOW accounts, savings accounts, and time deposits.
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