Tag: Bancorp

Select Bancorp Announces New Stock Repurchase Plan

DUNN, N.C., Oct. 02, 2020 (GLOBE NEWSWIRE) — Select Bancorp, Inc. (the “Company” NASDAQ: SLCT), the holding company for Select Bank & Trust Company, announced today that its Board of Directors has approved a new stock repurchase plan. Under the new plan, the Company is authorized to repurchase up to 875,000 outstanding shares of its common stock. The Company may repurchase shares on the open market or through privately negotiated transactions. The new plan replaces a stock repurchase plan previously announced in September 2019 that authorized the Company to repurchase up to 937,248 outstanding shares of its common stock. The Company has repurchased all 937,248 shares authorized under the prior plan at an average price of $9.85 per share.

President and Chief Executive Officer William L. Hedgepeth II stated, “We are pleased that the Company’s historical financial performance and well-capitalized status give us the potential to return value to our

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Central Valley Community Bancorp (NASDAQ:CVCY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Central Valley Community Bancorp (NASDAQ:CVCY) from a strong sell rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “Central Valley Community Bank is the sole subsidiary of Central Valley Community Bancorp. The Bank operates full-service offices in Clovis, Fresno, Prather, Kerman and Sacramento, plus Real Estate Lending, SBA Lending and Agribusiness Lending Departments. Investment services are also provided by Investment Centers of America. “

Separately, Janney Montgomery Scott raised Central Valley Community Bancorp from a neutral rating to a buy rating in a report on Tuesday, September 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Central Valley Community Bancorp presently has an average rating of Hold and an average target price of $20.50.

Central Valley

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