Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price objective of $51.00 for the company and are anticipating that the company will post $0.74 EPS for the current quarter, according to Zacks. Zacks has also given Salisbury Bancorp an industry rank of 107 out of 265 based on the ratings given to its competitors.
A number of analysts have commented on the company. ValuEngine downgraded Salisbury Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded Salisbury Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th.
Shares of Salisbury Bancorp traded up $2.30, reaching $44.45, during trading on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 2,242. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.04 and a quick ratio of 1.04. Salisbury Bancorp has a 12-month low of $34.65 and a 12-month high of $51.80. The company has a market cap of $118.15 million, a PE ratio of 15.46 and a beta of 0.58.
Salisbury Bancorp (NASDAQ:SAL) last posted its quarterly earnings results on Friday, April 27th. The bank reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). Salisbury Bancorp had a net margin of 14.93% and a return on equity of 8.16%. The business had revenue of $9.97 million during the quarter, compared to analysts’ expectations of $10.20 million. equities research analysts anticipate that Salisbury Bancorp will post 3.08 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Friday, May 11th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $1.12 dividend on an annualized basis and a yield of 2.52%. Salisbury Bancorp’s payout ratio is 39.72%.
In other news, CFO Peter Albero bought 2,000 shares of the firm’s stock in a transaction on Friday, May 4th. The shares were bought at an average cost of $42.69 per share, for a total transaction of $85,380.00. Following the completion of the transaction, the chief financial officer now owns 2,000 shares in the company, valued at $85,380. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 13.04% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Salisbury Bancorp by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 28,287 shares of the bank’s stock worth $1,273,000 after purchasing an additional 1,612 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Salisbury Bancorp during the first quarter worth $144,000. Finally, Mutual Advisors LLC purchased a new stake in Salisbury Bancorp during the fourth quarter worth $208,000. Institutional investors own 9.82% of the company’s stock.
Salisbury Bancorp Company Profile
Salisbury Bancorp, Inc operates as the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; commercial loans; and consumer loans, including home equity loans and lines of credit, and auto and personal installment loans.
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