Salisbury Bancorp, Inc. (NASDAQ:SAL) – Equities researchers at FIG Partners issued their Q1 2018 EPS estimates for Salisbury Bancorp in a report released on Tuesday. FIG Partners analyst D. Bishop anticipates that the bank will post earnings of $0.74 per share for the quarter. FIG Partners also issued estimates for Salisbury Bancorp’s Q2 2018 earnings at $0.74 EPS, Q3 2018 earnings at $0.80 EPS, Q4 2018 earnings at $0.80 EPS, FY2018 earnings at $3.08 EPS and FY2019 earnings at $3.38 EPS.
Several other equities research analysts have also commented on SAL. Zacks Investment Research lowered Salisbury Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. ValuEngine downgraded Salisbury Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, December 15th.
Shares of Salisbury Bancorp (NASDAQ:SAL) opened at $44.20 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.99 and a quick ratio of 0.99. Salisbury Bancorp has a 52-week low of $37.30 and a 52-week high of $50.00. The company has a market capitalization of $122.58, a P/E ratio of 16.24 and a beta of 0.69.
Salisbury Bancorp (NASDAQ:SAL) last released its quarterly earnings data on Friday, January 26th. The bank reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.21. Salisbury Bancorp had a return on equity of 7.82% and a net margin of 14.13%. The business had revenue of $10.21 million for the quarter, compared to analyst estimates of $10.20 million.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, February 8th. Salisbury Bancorp’s payout ratio is 50.22%.
In other news, Director Michael D. Gordon sold 892 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $45.25, for a total transaction of $40,363.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,357 shares of company stock valued at $107,614. Corporate insiders own 19.14% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Shufro Rose & Co. LLC acquired a new position in Salisbury Bancorp in the 3rd quarter valued at $209,000. ZPR Investment Management acquired a new position in Salisbury Bancorp in the 2nd quarter valued at $203,000. Finally, Dimensional Fund Advisors LP raised its stake in Salisbury Bancorp by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock valued at $1,066,000 after purchasing an additional 490 shares during the last quarter. 9.83% of the stock is owned by hedge funds and other institutional investors.
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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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