Select Bancorp (NASDAQ:SLCT) Issues Earnings Results

Select Bancorp (NASDAQ:SLCT) released its earnings results on Monday. The bank reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09, MarketWatch Earnings reports. Select Bancorp had a return on equity of 3.43% and a net margin of 11.15%.

Shares of NASDAQ:SLCT traded down $0.11 on Wednesday, reaching $9.30. 40,724 shares of the company traded hands, compared to its average volume of 27,843. Select Bancorp has a fifty-two week low of $5.98 and a fifty-two week high of $11.91. The company’s 50 day moving average is $9.69 and its 200-day moving average is $8.39. The stock has a market capitalization of $165.42 million, a PE ratio of 23.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.03 and a quick ratio of 1.03.

A number of brokerages have recently commented on SLCT. Zacks Investment Research downgraded Select Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 25th. TheStreet upgraded Select Bancorp from a “c” rating to a “b-” rating in a research report on Wednesday, November 11th.

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 deposit accounts, NOW accounts, savings accounts, and time deposits, as well as certificates of deposit.

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Earnings History for Select Bancorp (NASDAQ:SLCT)

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