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. More Details
Excellent balance sheet with questionable track record.
Share Price & News
How has Select Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SLCT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SLCT's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: SLCT underperformed the US Banks industry which returned -17% over the past year.
Return vs Market: SLCT underperformed the US Market which returned 19.8% over the past year.
Long-Term 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
3 weeks ago | Simply Wall StHow Should Investors React To Select Bancorp's (NASDAQ:SLCT) CEO Pay?
1 month ago | Simply Wall StCould The Select Bancorp, Inc. (NASDAQ:SLCT) Ownership Structure Tell Us Something Useful?
3 months ago | Simply Wall StSelect Bancorp (NASDAQ:SLCT) Share Prices Have Dropped 33% In The Last Three Years
Is Select Bancorp undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SLCT ($9.32) is trading above our estimate of fair value ($3.45)
Significantly Below Fair Value: SLCT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SLCT is poor value based on its PE Ratio (23.2x) compared to the US Banks industry average (11.5x).
PE vs Market: SLCT is poor value based on its PE Ratio (23.2x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: SLCT is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: SLCT is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.9x).
How is Select Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SLCT's forecast earnings growth (16% per year) is above the savings rate (2.2%).
Earnings vs Market: SLCT's earnings (16% per year) are forecast to grow slower than the US market (22% per year).
High Growth Earnings: SLCT's earnings are forecast to grow, but not significantly.
Revenue vs Market: SLCT's revenue (8.6% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: SLCT's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SLCT's Return on Equity is forecast to be low in 3 years time (4%).
How has Select Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SLCT has high quality earnings.
Growing Profit Margin: SLCT's current net profit margins (15.1%) are lower than last year (27.5%).
Past Earnings Growth Analysis
Earnings Trend: SLCT's earnings have grown by 15.7% per year over the past 5 years.
Accelerating Growth: SLCT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SLCT had negative earnings growth (-49.5%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).
Return on Equity
High ROE: SLCT's Return on Equity (3.4%) is considered low.
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
Financial Institutions Analysis
Asset Level: SLCT's Assets to Equity ratio (8.3x) is low.
Allowance for Bad Loans: SLCT has a low allowance for bad loans (99%).
Low Risk Liabilities: 94% of SLCT's liabilities are made up of primarily low risk sources of funding.
Loan Level: SLCT has an appropriate level of Loans to Assets ratio (72%).
Low Risk Deposits: SLCT's Loans to Deposits ratio (86%) is appropriate.
Level of Bad Loans: SLCT has an appropriate level of bad loans (1.1%).
What is Select Bancorp current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SLCT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SLCT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SLCT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SLCT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SLCT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Hedgepeth (58 yo)
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
Compensation vs Market: Bill's total compensation ($USD621.65K) is below average for companies of similar size in the US market ($USD1.10M).
Compensation vs Earnings: Bill's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP & CFO||6.08yrs||US$315.29k||0.014% |
|Executive VP & COO||3.33yrs||US$346.18k||0.00056% |
|Executive VP & Chief Credit Officer||8.75yrs||US$319.71k||0% |
|Executive VP & Chief Banking Officer||3.83yrs||US$330.22k||0.037% |
|VP & Corporate Secretary||no data||no data||no data|
Experienced Management: SLCT's management team is seasoned and experienced (6.1 years average tenure).
|Independent Director||8.83yrs||US$29.70k||0.23% |
|Independent Director||17.83yrs||US$32.40k||0.66% |
|Director Emeritus||13.5yrs||US$270.59k||no data|
|Independent Director||12.83yrs||US$40.20k||0.23% |
|Independent Director||17.83yrs||US$32.80k||0.19% |
|Independent Chairman of the Board||12.58yrs||US$47.80k||0.65% |
|Independent Director||6.33yrs||US$35.00k||6.01% |
|Independent Director||6.33yrs||US$33.10k||0.85% |
|Independent Director||6.83yrs||US$41.00k||0.16% |
|Independent Director||11.83yrs||US$32.90k||1.47% |
|Independent Director||10.33yrs||US$37.80k||0.41% |
Experienced Board: SLCT's board of directors are seasoned and experienced ( 12.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Select Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Select Bancorp, Inc.
- Ticker: SLCT
- Exchange: NasdaqGM
- Founded: 2000
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$168.083m
- Shares outstanding: 17.79m
- Website: https://www.selectbank.com
Number of Employees
- Select Bancorp, Inc.
- 700 West Cumberland Street
- North Carolina
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SLCT||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Oct 2000|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/27 23:59|
|End of Day Share Price||2020/11/27 00:00|
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.