Zacks Investment Research upgraded shares of Salisbury Bancorp (NASDAQ:SAL) from a sell rating to a hold rating in a report issued on Saturday.
According to Zacks, “Salisbury Bancorp, Inc. is a holding company that operates through its wholly owned subsidiary, Salisbury Bank and Trust Company. The Company’s products and services are all of a nature of a commercial bank and trust company. The Bank is a full-service bank offering a range of commercial and personal banking services. The Bank is engaged in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate, consumer and small business loans. It also offers trust and investment services. The Company operates offices located in Canaan, Lakeville, Salisbury, and Sharon, Connecticut, as well as in Sheffield and South Egremont, Massachusetts, and Dover Plains, New York; and a trust and investment services division in Lakeville, Connecticut. Salisbury Bancorp is headquartered in Lakeville, Connecticut. “
Separately, FIG Partners restated an outperform rating and set a $51.00 price target (up previously from $48.50) on shares of Salisbury Bancorp in a research note on Thursday, September 14th.
Salisbury Bancorp (NASDAQ:SAL) opened at $44.00 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.99 and a current ratio of 0.99. Salisbury Bancorp has a 52 week low of $34.35 and a 52 week high of $50.00. The stock has a market cap of $122.58, a P/E ratio of 18.33 and a beta of 0.71.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were paid a $0.28 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.55%. Salisbury Bancorp’s payout ratio is currently 46.67%.
In other news, Director Charles M. Andola sold 800 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $45.66, for a total value of $36,528.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Gordon sold 892 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $45.25, for a total transaction of $40,363.00. The disclosure for this sale can be found here. Insiders sold 2,357 shares of company stock worth $107,614 in the last quarter. Company insiders own 19.14% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Shufro Rose & Co. LLC acquired a new stake in Salisbury Bancorp during the third quarter valued at $209,000. ZPR Investment Management acquired a new stake in Salisbury Bancorp during the second quarter valued at $203,000. LSV Asset Management grew its position in Salisbury Bancorp by 3.7% during the second quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock valued at $265,000 after buying an additional 231 shares during the period. Kennedy Capital Management Inc. grew its position in Salisbury Bancorp by 1.0% during the second quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock valued at $975,000 after buying an additional 231 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Salisbury Bancorp by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock valued at $1,066,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 9.86% of the company’s stock.
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Salisbury Bancorp Company Profile
Salisbury Bancorp, Inc is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs).
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