Somewhat Favorable News Coverage Somewhat Unlikely to Affect Select Bancorp (SLCT) Share Price

Headlines about Select Bancorp (NASDAQ:SLCT) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Select Bancorp earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.9487786334082 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Shares of Select Bancorp (NASDAQ SLCT) opened at 11.46 on Friday. Select Bancorp has a 52 week low of $7.78 and a 52 week high of $12.75. The company has a 50 day moving average of $11.89 and a 200 day moving average of $11.48. The firm has a market cap of $133.65 million, a PE ratio of 19.76 and a beta of 0.33.

Select Bancorp (NASDAQ:SLCT) last announced its earnings results on Tuesday, August 1st. The bank reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.07. The company had revenue of $9.05 million during the quarter, compared to the consensus estimate of $9.28 million. Select Bancorp had a net margin of 17.31% and a return on equity of 6.44%. On average, equities research analysts anticipate that Select Bancorp will post $0.64 EPS for the current fiscal year.

SLCT has been the topic of several analyst reports. FIG Partners downgraded shares of Select Bancorp from an “outperform” rating to a “market perform” rating and set a $13.00 target price on the stock. in a report on Monday, May 22nd. Zacks Investment Research cut shares of Select Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, ValuEngine upgraded shares of Select Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

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About Select Bancorp

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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