Salisbury Bancorp, Inc. (NASDAQ:SAL) – Equities research analysts at FIG Partners raised their Q1 2019 earnings estimates for shares of Salisbury Bancorp in a research report issued on Tuesday. FIG Partners analyst D. Bishop now forecasts that the bank will earn $0.83 per share for the quarter, up from their prior forecast of $0.67. FIG Partners also issued estimates for Salisbury Bancorp’s Q2 2019 earnings at $0.86 EPS, Q3 2019 earnings at $0.82 EPS and Q4 2019 earnings at $0.87 EPS.
Salisbury Bancorp (NASDAQ:SAL) last posted its earnings results on Friday, January 26th. The bank reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.21. The business had revenue of $10.21 million for the quarter, compared to analyst estimates of $10.20 million. Salisbury Bancorp had a net margin of 14.13% and a return on equity of 7.82%.
SAL has been the topic of a number of other research reports. ValuEngine lowered shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Zacks Investment Research raised shares of Salisbury Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd.
Salisbury Bancorp (SAL) traded up $0.10 during trading on Wednesday, reaching $45.35. 665 shares of the company were exchanged, compared to its average volume of 2,342. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.38. The company has a market cap of $123.14 and a price-to-earnings ratio of 16.31. Salisbury Bancorp has a twelve month low of $37.30 and a twelve month high of $50.00.
A number of large investors have recently bought and sold shares of SAL. Dimensional Fund Advisors LP raised its holdings in Salisbury Bancorp by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock worth $1,066,000 after purchasing an additional 490 shares in the last quarter. ZPR Investment Management bought a new position in Salisbury Bancorp in the 2nd quarter worth $203,000. Finally, Shufro Rose & Co. LLC bought a new position in Salisbury Bancorp in the 3rd quarter worth $209,000. Institutional investors own 9.83% of the company’s stock.
In related news, Director Charles M. Andola sold 800 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $45.66, for a total transaction of $36,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael D. Gordon sold 1,535 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $45.50, for a total transaction of $69,842.50. The disclosure for this sale can be found here. Insiders sold a total of 3,892 shares of company stock valued at $177,456 in the last ninety days. 19.14% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 9th will be paid a $0.28 dividend. The ex-dividend date is Thursday, February 8th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.47%. Salisbury Bancorp’s dividend payout ratio (DPR) is 50.22%.
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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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