Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $51.00 for the company and are forecasting that the company will post $0.74 earnings per share for the current quarter, according to Zacks. Zacks has also given Salisbury Bancorp an industry rank of 91 out of 255 based on the ratings given to its competitors.
A number of research analysts have commented on SAL shares. Zacks Investment Research cut Salisbury Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. ValuEngine cut Salisbury Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.
Salisbury Bancorp opened at $45.00 on Tuesday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.04 and a current ratio of 1.04. Salisbury Bancorp has a 52 week low of $34.65 and a 52 week high of $51.80. The firm has a market cap of $124.42 million, a price-to-earnings ratio of 15.96 and a beta of 0.60.
Salisbury Bancorp (NASDAQ:SAL) last released its quarterly earnings results on Friday, April 27th. The bank reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). Salisbury Bancorp had a return on equity of 8.16% and a net margin of 14.93%. The firm had revenue of $9.97 million for the quarter, compared to analyst estimates of $10.20 million. analysts anticipate that Salisbury Bancorp will post 3.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, May 10th. Salisbury Bancorp’s payout ratio is currently 39.72%.
In other news, Director Michael D. Gordon sold 882 shares of the stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $44.00, for a total value of $38,808.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Peter Albero acquired 2,000 shares of Salisbury Bancorp stock in a transaction dated Friday, May 4th. The stock was bought at an average price of $42.69 per share, for a total transaction of $85,380.00. Following the completion of the purchase, the chief financial officer now owns 2,000 shares of the company’s stock, valued at approximately $85,380. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 2,882 shares of company stock worth $126,832. Insiders own 13.04% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. acquired a new stake in shares of Salisbury Bancorp in the first quarter valued at $144,000. Dimensional Fund Advisors LP raised its stake in shares of Salisbury Bancorp by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 28,287 shares of the bank’s stock valued at $1,273,000 after acquiring an additional 1,612 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of Salisbury Bancorp in the fourth quarter valued at $208,000. Institutional investors and hedge funds 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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