Select Bancorp (SLCT) Earns Coverage Optimism Score of 0.16

News coverage about Select Bancorp (NASDAQ:SLCT) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Select Bancorp earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned headlines about the bank an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.

Select Bancorp (NASDAQ:SLCT) remained flat at $12.20 on Wednesday. 55 shares of the stock traded hands. The stock has a market capitalization of $142.26 million, a PE ratio of 19.37 and a beta of 0.34. The stock’s 50 day moving average price is $11.92 and its 200 day moving average price is $11.02. Select Bancorp has a 1-year low of $7.78 and a 1-year high of $12.70.

Select Bancorp (NASDAQ:SLCT) last posted its earnings results on Thursday, May 4th. The bank reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $8.81 million for the quarter, compared to analyst estimates of $8.87 million. Select Bancorp had a return on equity of 8.05% and a net margin of 24.01%. Analysts expect that Select Bancorp will post $0.74 earnings per share for the current fiscal year.

A number of research firms have issued reports on SLCT. FIG Partners downgraded Select Bancorp from an “outperform” rating to a “market perform” rating and set a $13.00 price target for the company. in a research note on Monday, May 22nd. ValuEngine upgraded Select Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised Select Bancorp from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, June 14th.

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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.

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