Select Bancorp Inc (SLCT) Expected to Announce Earnings of $0.22 Per Share

Equities research analysts forecast that Select Bancorp Inc (NASDAQ:SLCT) will announce $0.22 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Select Bancorp’s earnings. Select Bancorp posted earnings of $0.11 per share in the same quarter last year, which would indicate a positive year over year growth rate of 100%. The firm is scheduled to issue its next earnings results on Tuesday, August 7th.

According to Zacks, analysts expect that Select Bancorp will report full-year earnings of $0.86 per share for the current financial year. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Select Bancorp.

Select Bancorp (NASDAQ:SLCT) last announced its quarterly earnings results on Thursday, May 10th. The bank reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $12.87 million during the quarter. Select Bancorp had a return on equity of 6.42% and a net margin of 6.22%.

Select Bancorp opened at $13.50 on Tuesday, MarketBeat.com reports. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.29. The firm has a market cap of $188.77 million, a price-to-earnings ratio of 22.13 and a beta of 0.21. Select Bancorp has a twelve month low of $10.90 and a twelve month high of $14.06.

A number of institutional investors have recently bought and sold shares of SLCT. RMB Capital Management LLC lifted its holdings in Select Bancorp by 43.7% during the first quarter. RMB Capital Management LLC now owns 1,080,543 shares of the bank’s stock worth $14,436,000 after buying an additional 328,661 shares during the period. Millennium Management LLC purchased a new stake in Select Bancorp during the first quarter worth $1,474,000. Kennedy Capital Management Inc. lifted its holdings in Select Bancorp by 16.7% during the fourth quarter. Kennedy Capital Management Inc. now owns 215,668 shares of the bank’s stock worth $2,726,000 after buying an additional 30,828 shares during the period. Salzhauer Michael purchased a new stake in Select Bancorp during the first quarter worth $404,000. Finally, Tibra Equities Europe Ltd purchased a new stake in Select Bancorp during the first quarter worth $320,000. Institutional investors own 24.70% of the company’s stock.

About Select Bancorp

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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