NasdaqGM:SLCT

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Excellent balance sheet with proven track record.

Risks

  • Select Bancorp is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Select Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

NasdaqGM:SLCT

-0.4%

US Banks

-0.3%

US Market


1 Year Return

-13.2%

NasdaqGM:SLCT

-5.7%

US Banks

3.9%

US Market

SLCT underperformed the Banks industry which returned -7.3% over the past year.

SLCT underperformed the Market in United States of America which returned 3.4% over the past year.


Share holder returns

SLCTIndustryMarket
7 Day-0.8%-0.4%-0.3%
30 Day1.9%2.3%2.3%
90 Day-5.3%-0.3%2.3%
1 Year-13.2%-13.2%-3.1%-5.7%6.2%3.9%
3 Year44.4%44.4%56.9%46.2%46.4%36.7%
5 Year72.6%72.6%63.3%45.8%59.6%41.8%

Price Volatility Vs. Market

How volatile is Select Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Select Bancorp undervalued based on future cash flows and its price relative to the stock market?

12.87x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Select Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Select Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Select Bancorp is overvalued based on earnings compared to the US Banks industry average.

Select Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Select Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Select Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Select Bancorp expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Select Bancorp's revenue is expected to grow by 0.7% yearly, however this is not considered high growth (20% yearly).

Select Bancorp's earnings are expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).

Select Bancorp's revenue growth is positive but not above the United States of America market average.

Select Bancorp's earnings growth is positive but not above the United States of America market average.

Select Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Select Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Select Bancorp performed over the past 5 years?

25.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Select Bancorp has delivered over 20% year on year earnings growth in the past 5 years.

Select Bancorp's 1-year earnings growth exceeds its 5-year average (412% vs 25.9%)

Select Bancorp's earnings growth has exceeded the US Banks industry average in the past year (412% vs 40.8%).


Return on Equity

Select Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Select Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Select Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Select Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Select Bancorp has an acceptable proportion of non-loan assets held.

Select Bancorp has a low allowance for bad loans.

Select Bancorp's liabilities are made up of primarily low risk sources of funding.

Select Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Select Bancorp are broadly funded by customer deposits.

Select Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Select Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Select Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Select Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Select Bancorp has not reported any payouts.

Unable to verify if Select Bancorp's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Select Bancorp has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Select Bancorp's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Bill Hedgepeth (57yo)

12.3yrs

Tenure

US$462,369

Compensation

Mr. William L. Hedgepeth, II, also known as Bill, has been the Chief Executive Officer and President of Select Bancorp, Inc. (a/k/a, New Century BanCorp Inc) and Select Bancorp and Select Bank & Trust Comp ...


CEO Compensation Analysis

Bill's remuneration is lower than average for companies of similar size in United States of America.

Bill's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.8yrs

Average Tenure

62yo

Average Age

The tenure for the Select Bancorp management team is about average.


Board Age and Tenure

11.5yrs

Average Tenure

73.5yo

Average Age

The average tenure for the Select Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month individual insider trading information.


Recent Insider Transactions

BuyUS$112,52022 Mar 19
Oscar Harris
EntityIndividual
Role
Unit Vice Chairman
Shares10,000
Max PriceUS$11.25
SellUS$13,38821 Mar 19
Kevin Stallings
EntityIndividual
Shares1,081
Max PriceUS$12.39
BuyUS$2,69119 Mar 19
Carlie McLamb
EntityIndividual
Role
Member of the Board of Directors
Shares235
Max PriceUS$11.45
BuyUS$114,00018 Mar 19
Oscar Harris
EntityIndividual
Role
Unit Vice Chairman
Shares10,000
Max PriceUS$11.40
SellUS$82,41612 Mar 19
James Glen
EntityIndividual
Shares7,300
Max PriceUS$11.29
SellUS$49,63811 Mar 19
James Glen
EntityIndividual
Shares4,450
Max PriceUS$11.15
BuyUS$2,83704 Mar 19
Oscar Harris
EntityIndividual
Role
Unit Vice Chairman
Shares240
Max PriceUS$11.82
BuyUS$300,00015 Feb 19
Atlas Principals, LLC
EntityCompany
Shares25,000
Max PriceUS$12.00
BuyUS$29,93826 Sep 18
Gerald Hayes
EntityIndividual
Role
Member of the Board of Directors
Shares2,395
Max PriceUS$12.50
BuyUS$120,00031 Aug 18
Charles Davis
EntityIndividual
Shares10,000
Max PriceUS$12.00
BuyUS$30,00031 Aug 18
Mark Jeffries
EntityIndividual
Role
Executive VP & CFO
Shares2,500
Max PriceUS$12.00
BuyUS$1,20031 Aug 18
W. Betts
EntityIndividual
Role
Executive VP & Chief Banking Officer
Shares100
Max PriceUS$12.00
BuyUS$264,00031 Aug 18
Atlas Principals, LLC
EntityCompany
Shares22,000
Max PriceUS$12.00
BuyUS$60031 Aug 18
David Tobin
EntityIndividual
Role
Executive VP & Chief Credit Officer
Shares50
Max PriceUS$12.00
BuyUS$18,00031 Aug 18
W. Tippett
EntityIndividual
Role
Member of the Board of Directors
Shares1,500
Max PriceUS$12.00
BuyUS$12,00031 Aug 18
Sharon Raynor
EntityIndividual
Role
Member of the Board of Directors
Shares1,000
Max PriceUS$12.00
BuyUS$6,00031 Aug 18
Kevin Stallings
EntityIndividual
Shares500
Max PriceUS$12.00
BuyUS$12,00031 Aug 18
Anthony Rand
EntityIndividual
Role
Member of the Board of Directors
Shares1,000
Max PriceUS$12.00
BuyUS$12,00031 Aug 18
Carlie McLamb
EntityIndividual
Role
Member of the Board of Directors
Shares1,000
Max PriceUS$12.00
BuyUS$25,00831 Aug 18
John McCauley
EntityIndividual
Role
Member of the Board of Directors
Shares2,084
Max PriceUS$12.00
BuyUS$1,20031 Aug 18
Lynn Johnson
EntityIndividual
Role
Executive VP & COO
Shares100
Max PriceUS$12.00
BuyUS$6,00031 Aug 18
William Hedgepeth
EntityIndividual
Role
President
Member of the Board of Directors
Shares500
Max PriceUS$12.00
BuyUS$60,00031 Aug 18
Ronald Jackson
EntityIndividual
Role
Member of the Board of Directors
Shares5,000
Max PriceUS$12.00
BuyUS$12,00031 Aug 18
Alicia Hawk
EntityIndividual
Shares1,000
Max PriceUS$12.00
BuyUS$6,00031 Aug 18
Gerald Hayes
EntityIndividual
Role
Member of the Board of Directors
Shares500
Max PriceUS$12.00
BuyUS$130,00831 Aug 18
Oscar Harris
EntityIndividual
Role
Unit Vice Chairman
Shares10,834
Max PriceUS$12.00
BuyUS$4,20031 Aug 18
James Glen
EntityIndividual
Shares350
Max PriceUS$12.00
BuyUS$65,00431 Aug 18
J. Ciccone
EntityIndividual
Role
Chairman of the Board
Shares5,417
Max PriceUS$12.00

Ownership Breakdown


Management Team

  • Brenda Bonner

    VP & Corporate Secretary

  • Bill Hedgepeth (57yo)

    President

    • Tenure: 12.3yrs
    • Compensation: $462.37k
  • Mark Jeffries (64yo)

    Executive VP & CFO

    • Tenure: 4.8yrs
    • Compensation: $241.21k
  • W. Betts (62yo)

    Executive VP & Chief Banking Officer

    • Tenure: 2.5yrs
    • Compensation: $258.94k
  • Rick Tobin (63yo)

    Executive VP & Chief Credit Officer

    • Tenure: 7.4yrs
    • Compensation: $251.55k
  • Lynn Johnson (56yo)

    Executive VP & COO

    • Tenure: 2.0yrs
    • Compensation: $267.91k

Board Members

  • Gerald Hayes (75yo)

    Director

    • Tenure: 16.5yrs
    • Compensation: $23.40k
  • Oscar Harris (80yo)

    Director

    • Compensation: $28.10k
  • Tony Rand (79yo)

    Director

    • Tenure: 16.5yrs
    • Compensation: $26.20k
  • Sharon Raynor (61yo)

    Director

    • Tenure: 10.5yrs
    • Compensation: $22.00k
  • Bill Hedgepeth (57yo)

    President

    • Tenure: 11.8yrs
    • Compensation: $462.37k
  • W. Tippett (79yo)

    Director

    • Tenure: 11.5yrs
    • Compensation: $31.00k
  • J. Ciccone (72yo)

    Chairman of the Board

    • Tenure: 11.3yrs
    • Compensation: $39.00k
  • John McCauley (51yo)

    Director

    • Tenure: 16.5yrs
    • Compensation: $26.90k
  • Ronnie Jackson (77yo)

    Director

    • Tenure: 7.5yrs
    • Compensation: $23.10k
  • Mack McLamb (54yo)

    Director

    • Tenure: 9.0yrs
    • Compensation: $28.90k

Company Information

Select Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Select Bancorp, Inc.
  • Ticker: SLCT
  • Exchange: NasdaqGM
  • Founded: 2000
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$220.515m
  • Shares outstanding: 19.33m
  • Website: Click here

Number of Employees


Location

  • Select Bancorp, Inc.
  • 700 West Cumberland Street
  • Dunn
  • North Carolina
  • 28334
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SLCTNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 2000

Biography

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 pro ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/18 23:43
End of Day Share Price2019/07/18 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.