Select Bancorp, Inc. (SLCT)

SWAMPSCOTT, MA — With the demolition of the former building at 12-20 Pine Street in Swampscott complete, officials and developers are looking forward to plans for the housing project replacement that are designed to bring 40 units of affordable veterans housing to the town. The launch of the SVP Veteran Residences of Swampscott this week is a joint venture between the town and Pine Street Development LLC to build units tailored specifically to meet the unique needs of the veteran population. "This begins a major effort to revitalize and build upwards of 40 units of veterans affordable housing," Town Administrator Sean Fitzgerald said at this week's Select Board meeting. "This is an extraordinary project for any community and we are very proud that Swampscott can play a role in sponsoring veteran affordable housing." Pine Street Development told Patch this week that it contributed more than $500,000 to the town of Swampscott to make this deal a financial reality. "We are proud to partner with the Town of Swampscott in this noble endeavor," said Mike Vienneau of Pine Street Development, LLC. "Together, we are building more than just homes; we are building a sense of belonging and security for those who have served our nation." Fitzgerald said officials have scheduled some meetings and trips to similar veterans housing developments across the state — including Chelmsford and Chelsea — to learn more about the unique aspects of those facilities so they can be included in Swampscott. "Our veterans deserve our unwavering support and gratitude, especially when it comes to ensuring they have a place to call home," said Andrea Gayle-Bennett, First Deputy Secretary of the Executive Office of Veterans' Services. "The Veteran Residences of Swampscott is a testament to the power of collaboration and compassion in addressing the housing needs of our veteran community." Fitzgerald said some additional fencing will soon be in place to make the site less "unsightly" following the demolition and prior to the start of the new construction. (Scott Souza is a Patch field editor covering Beverly, Danvers, Marblehead, Peabody, Salem and Swampscott. He can be reached at Scott.Souza@Patch.com. X/Twitter: @Scott_Souza.)

SWAMPSCOTT, MA — Frustration with the Hawthorne redevelopment process and town government transparency on decisions that led to a surprise public library proposal last month, and widely disparate views on what should ultimately happen at the site, were on display during Thursday night's presentation on the preliminary concept for the town-owned property. Town Administrator Sean Fitzgerald took heat from residents who said they felt blindsided by the library proposal during an April 3 public forum as well as criticisms that a series of surveys and public brainstorming sessions came back with only one concept proposal for the property the town paid $7 million to purchase in 2022. (Also on Patch: Waterfront Library Proposed For Swampscott Hawthorne Property) "We don't always get things right," Fitzgerald said. "We need feedback. So we scheduled this meeting knowing that people would show up and would help us understand what you expect. This is not my property. It's not a town employee's property. It's your property. It's the town's property. "So take this moment and try to help us figure this out." Fitzgerald conceded that there needed to be more regular updates on the process and more options presented about the potential uses for the property amid calls to "start over" with the entire development. (Also on Patch: 'Path Foward': Swampscott Hawthorne Forum Follows Rocky Library Reveal) "I am responsible for addressing some of these challenges," he said. "The process needs to get better. We're here tonight. We could have canceled this meeting. We talked about it a lot. Nobody, frankly, on my team wanted to be here tonight but we said, 'Nope, we've got to show up and we've got to listen.' "We needed to have more meetings. We knew that. I do think we need a committee. I think we need help." Fitzgerald revealed that the original push to purchase the property as a town came amid a proposal to turn it into a private condominium complex, and framed the library proposal as one idea that would make the building on the property a public space capable of hosting events, meetings, artistic performances as well as, presumably, books. It was also noted that when the proposal to buy the property was presented to town meeting members it was billed as being primarily for open space. But it was clear on Thursday — as it has been at other points of the visioning process and during some Select Board meeting conversations about the property — that is not necessarily a widely shared vision with several residents on Thursday calling for a "village-type" business development on the property, while others pushed for essentially one large public park. "We have to be better," Fitzgerald said. "I do think transparency, and process, and more options — 10 of them, maybe 12 — all of that can happen. ... It would be helpful not to take this (library) idea off the table when we look at 12 others. There are 20 other ideas, maybe 30, that we've heard over the last two years. "We can do pros and cons of all of them and then work back to where we think consensus can be found because working toward consensus is what we're doing tonight. It's actually part of a process. Yes, you're not happy about some things and I'm taking all those notes down. But this is ultimately going to get to a point where we're going to say: 'You know what? This is what we think we can do with this property.' "And it's not going to make everybody happy. But it's going to make enough of us feel like this is how we activate this site." (Scott Souza is a Patch field editor covering Beverly, Danvers, Marblehead, Peabody, Salem and Swampscott. He can be reached at Scott.Souza@Patch.com. X/Twitter: @Scott_Souza.)

Select Bancorp (SLCT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

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Select Bancorp (SLCT) delivered earnings and revenue surprises of 6.67% and 1.78%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

DUNN, N.C., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (NASDAQ: SLCT) (the “Company”), the holding company for Select Bank & Trust Company, today reported net income for the quarter ended June 30, 2021 of $5.6 million with basic and diluted earnings per share of $0.33 and $0.32, respectively, compared to net income of $681,000 with basic and diluted earnings per share of $0.04 for the comparative quarter ended June 30, 2020. The increase in net income in the second quarter of 2021 compared to 2020 was primarily attributable to loan growth and an increase in earnings from the three additional western North Carolina branches that were acquired in April of 2020, plus an increase in non-interest income and a recovery of provision for loan losses.

Select Bancorp (SLCT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Top Ranked Momentum Stocks to Buy for June 30th

Select Bancorp (SLCT) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

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Breakout stocks for the day include Select Bancorp, Inc. (SLCT), Costamare Inc. (CMRE), Navient Corporation (NAVI), and Genco Shipping & Trading Limited (GNK).

NEW YORK,, June 10, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Select Bancorp, Inc. ("SLCT" or the "Company") (NASDAQ:  SLCT) relating to its proposed merger with First Bancorp (NASDAQ:  FBNC) and previously reported in error for First Bancorp under ticker (NYSE: FBP). Under the terms of the agreement, SLCT shareholders will receive 0.408 shares of FBNC per share they own.

Does Select Bancorp (SLCT) have what it takes to be a top stock pick for momentum investors? Let's find out.

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Select Bancorp, Inc. (NasdaqGS: SLCT) to First Bancorp (NasdaqGS: FBNC). Under the terms of the proposed transaction, shareholders of Select Bancorp will receive only 0.408 shares of First Bancorp for each share of Select Bancorp that they own. KSF is seeking to determine whether this consideration and the pro

Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength like SLCT, VRTV, TSQ, TITN and AMRK have a high chance of carrying the momentum forward.

NEW YORK, June 4, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Select Bancorp, Inc. ("SLCT" or the "Company") (NASDAQ: SLCT) relating to its proposed merger with First Bancorp (NYSE: FBP). Under the terms of the agreement, SLCT shareholders will receive 0.408 shares of FBP per share they own.