NASDAQ:SLCTSelect Bancorp Stock Price, Forecast & News

$7.50

-0.17 (-2.22 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$7.46

Now: $7.50▼

$7.70

50-Day Range

$6.39

MA: $7.34▼

$8.84

52-Week Range

$5.98

Now: $7.50▼

$12.47

Volume37,200 shs

Average Volume70,602 shs

Market Capitalization$135.42 million

P/E Ratio13.16

Dividend YieldN/A

Beta0.75

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 and NOW accounts, savings accounts, and time deposits, as well as certificates of deposit. Its loan products include 1-to-4 family residential, commercial real estate, multi-family residential, construction, and commercial and industrial loans; loans to individuals; and home equity lines of credit and overdrafts. Select Bancorp, Inc. operates a network of branch offices in Burlington, Charlotte, Clinton, Elizabeth City, Fayetteville, Goldsboro, Greenville, Leland, Lillington, Lumberton, Morehead City, Raleigh, Washington, and Wilmington, North Carolina; and Rock Hill, Blacksburg, and Six Mile, South Carolina. The company was formerly known as New Century Bancorp, Inc. and changed its name to Select Bancorp, Inc. in July 2014. Select Bancorp, Inc. was founded in 2000 and is headquartered in Dunn, North Carolina.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Select Bancorp.

2.3 Community Rank

Outperform Votes
Select Bancorp has received 116 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Select Bancorp has received 135 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Select Bancorp has received 53.78% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Select Bancorp and other stocks. Vote “Outperform” if you believe SLCT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SLCT will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Select Bancorp does not currently pay a dividend.
Dividend Growth
Select Bancorp does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Select Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $66,787.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 15.90% of the stock of Select Bancorp is held by insiders.
Percentage Held by Institutions
43.91% of the stock of Select Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Select Bancorp are expected to grow by 27.69% in the coming year, from $0.65 to $0.83 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Select Bancorp is 13.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Select Bancorp is 13.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.01.
Price to Book Value per Share Ratio
Select Bancorp has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.89 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:SLCT

Previous Symbol

CUSIPN/A

CIK1263762

Webwww.selectbank.com

Phone910-892-7080

Debt

Debt-to-Equity Ratio0.22

Current Ratio1.10

Quick Ratio1.09

Price-To-Earnings

Trailing P/E Ratio13.16

Forward P/E Ratio11.54

P/E GrowthN/A

Sales & Book Value

Annual Sales$63.87 million

Price / Sales2.12

Cash Flow$0.89 per share

Price / Cash Flow8.39

Book Value$11.49 per share

Price / Book0.65

Profitability

EPS (Most Recent Fiscal Year)$0.68

Net Income$13.03 million

Net Margins16.86%

Return on Equity5.12%

Return on Assets0.85%

Miscellaneous

Employees205

Outstanding Shares18,056,000

Market Cap$135.42 million

Next Earnings Date8/7/2020 (Estimated)

OptionableNot Optionable

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Select Bancorp (NASDAQ:SLCT) Frequently Asked Questions

How has Select Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Select Bancorp's stock was trading at $8.83 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SLCT stock has decreased by 15.1% and is now trading at $7.50. View which stocks have been most impacted by Coronavirus.

When is Select Bancorp's next earnings date?

Select Bancorp is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for Select Bancorp.

How were Select Bancorp's earnings last quarter?

Select Bancorp Inc (NASDAQ:SLCT) released its quarterly earnings results on Wednesday, April, 29th. The bank reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by $0.09. The bank earned $12.90 million during the quarter, compared to analysts' expectations of $13.75 million. Select Bancorp had a net margin of 16.86% and a return on equity of 5.12%. View Select Bancorp's earnings history.

Has Select Bancorp been receiving favorable news coverage?

News stories about SLCT stock have trended very negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Select Bancorp earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave media stories about the bank a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutSelect Bancorp.

Are investors shorting Select Bancorp?

Select Bancorp saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 67,400 shares, an increase of 17.4% from the April 30th total of 57,400 shares. Based on an average trading volume of 94,700 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company's stock are sold short. View Select Bancorp's Current Options Chain.

Who are some of Select Bancorp's key competitors?

Some companies that are related to Select Bancorp include Allegiance Bancshares (ABTX), Merchants Bancorp (MBIN), Old Line Bancshares, Inc. (MD) (OLBK), Origin Bancorp (OBNK), Heritage Commerce (HTBK), First Financial (THFF), Univest Financial (UVSP), QCR (QCRH), Byline Bancorp (BY), HarborOne Bancorp (HONE), Bank of Marin Bancorp (BMRC), Central Pacific Financial (CPF), Peoples Bancorp (PEBO), Horizon Bancorp (HBNC) and Tristate Capital (TSC). View all competitors.

What other stocks do shareholders of Select Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Select Bancorp investors own include Bausch Health Companies (BHC), Enterprise Products Partners (EPD), Altria Group (MO), Ring Energy (REI), Ring Energy (REI), Vermilion Energy (VET), Walgreens Boots Alliance (WBA), AbbVie (ABBV), Autohome (ATHM) and Boeing (BA).

Who are Select Bancorp's key executives?

Select Bancorp's management team includes the following people:

Mr. William L. Hedgepeth II, Pres, CEO & Director (Age 57)
Mr. Mark A. Jeffries CPA, Exec. VP & CFO (Age 64)
Ms. Lynn Holland Johnson, Exec. VP & COO (Age 56)
Mr. David Richard Tobin Jr., Exec. VP & Chief Credit Officer (Age 63)
Mr. W. Keith Betts, Exec. VP & Chief Banking Officer (Age 62)

What is Select Bancorp's stock symbol?

Select Bancorp trades on the NASDAQ under the ticker symbol "SLCT."

Who are Select Bancorp's major shareholders?

Select Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (4.76%), Alliancebernstein L.P. (3.43%), Elizabeth Park Capital Advisors Ltd. (2.89%), Fourthstone LLC (2.01%), State Street Corp (1.77%) and RMB Capital Management LLC (1.73%). Company insiders that own Select Bancorp stock include Carlie C Mclamb, Jr, David Richard Tobin Jr, Gerald W Hayes, Jr, James H Jr Glen, Lynn H Johnson, Mark Alan Jeffries, Oscar N Harris, Seth Wilfong, Walter Keith Betts and William L Hedgepeth. View institutional ownership trends for Select Bancorp.

Which institutional investors are selling Select Bancorp stock?

SLCT stock was sold by a variety of institutional investors in the last quarter, including RMB Capital Management LLC, THB Asset Management, JCSD Capital LLC, Mendon Capital Advisors Corp, Banc Funds Co. LLC, Wells Fargo & Company MN, UBS Group AG, and Morgan Stanley. Company insiders that have sold Select Bancorp company stock in the last year include David Richard Tobin Jr, and Walter Keith Betts. View insider buying and selling activity for Select Bancorp.

Which institutional investors are buying Select Bancorp stock?

SLCT stock was purchased by a variety of institutional investors in the last quarter, including Fourthstone LLC, JPMorgan Chase & Co., Wellington Management Group LLP, Franklin Resources Inc., Alliancebernstein L.P., BlackRock Inc., Edge Capital Group LLC, and Rhumbline Advisers. Company insiders that have bought Select Bancorp stock in the last two years include Carlie C Mclamb, Jr, David Richard Tobin Jr, Gerald W Hayes, Jr, James H Jr Glen, Mark Alan Jeffries, Oscar N Harris, Seth Wilfong, Walter Keith Betts, and William L Hedgepeth. View insider buying and selling activity for Select Bancorp.

How do I buy shares of Select Bancorp?

Shares of SLCT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Select Bancorp's stock price today?

One share of SLCT stock can currently be purchased for approximately $7.50.

How big of a company is Select Bancorp?

Select Bancorp has a market capitalization of $135.42 million and generates $63.87 million in revenue each year. The bank earns $13.03 million in net income (profit) each year or $0.68 on an earnings per share basis. Select Bancorp employs 205 workers across the globe.

What is Select Bancorp's official website?

The official website for Select Bancorp is www.selectbank.com.

How can I contact Select Bancorp?

Select Bancorp's mailing address is 700 W. Cumberland Street, Dunn NC, 28334. The bank can be reached via phone at 910-892-7080 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff