Salisbury Bancorp, Inc. (NASDAQ:SAL) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $47.00 for the company and are predicting that the company will post $0.84 EPS for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 115 out of 257 based on the ratings given to related companies.
A number of equities analysts have weighed in on SAL shares. Zacks Investment Research raised Salisbury Bancorp from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday. ValuEngine downgraded Salisbury Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th.
In other Salisbury Bancorp news, Director Michael D. Gordon sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $42.00, for a total transaction of $63,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.04% of the stock is owned by insiders.
An institutional investor recently bought a new position in Salisbury Bancorp stock. Ladenburg Thalmann Financial Services Inc. bought a new stake in Salisbury Bancorp, Inc. (NASDAQ:SAL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,203 shares of the bank’s stock, valued at approximately $144,000. Ladenburg Thalmann Financial Services Inc. owned about 0.11% of Salisbury Bancorp at the end of the most recent quarter. Institutional investors own 8.79% of the company’s stock.
Shares of NASDAQ:SAL remained flat at $$38.31 during midday trading on Friday. The company had a trading volume of 6 shares, compared to its average volume of 641. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $111.58 million, a P/E ratio of 13.59 and a beta of 0.51. Salisbury Bancorp has a twelve month low of $34.65 and a twelve month high of $51.80.
Salisbury Bancorp (NASDAQ:SAL) last announced its quarterly earnings results on Friday, October 26th. The bank reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.06. The firm had revenue of $10.59 million for the quarter, compared to the consensus estimate of $10.80 million. Salisbury Bancorp had a return on equity of 8.76% and a net margin of 15.48%. Research analysts anticipate that Salisbury Bancorp will post 3.1 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Thursday, November 15th. Salisbury Bancorp’s dividend payout ratio (DPR) is presently 39.72%.
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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