Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $47.00 for the company and are predicting that the company will post $0.83 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 172 out of 256 based on the ratings given to its competitors.
A number of analysts recently weighed in on SAL shares. ValuEngine upgraded shares of Salisbury Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. FIG Partners restated an “outperform” rating on shares of Salisbury Bancorp in a research note on Tuesday, April 30th.
Shares of SAL opened at $38.51 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.01. Salisbury Bancorp has a 1 year low of $33.20 and a 1 year high of $48.44. The stock has a market cap of $108.86 million, a PE ratio of 12.79 and a beta of 0.57.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, May 16th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.91%. Salisbury Bancorp’s payout ratio is 37.21%.
In related news, Director Michael D. Gordon sold 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $43.00, for a total transaction of $53,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.23% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Salisbury Bancorp by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 36,546 shares of the bank’s stock valued at $1,506,000 after purchasing an additional 1,157 shares during the last quarter. Focused Wealth Management Inc increased its stake in Salisbury Bancorp by 69.7% in the fourth quarter. Focused Wealth Management Inc now owns 2,942 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Salisbury Bancorp by 46.5% in the fourth quarter. Acadian Asset Management LLC now owns 1,075 shares of the bank’s stock valued at $39,000 after purchasing an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 8.32% of the company’s stock.
About Salisbury Bancorp
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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