Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $47.00 for the company and are expecting that the company will post $0.83 EPS for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 188 out of 256 based on the ratings given to related companies.
A number of equities analysts recently commented on SAL shares. ValuEngine raised Salisbury Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. FIG Partners reissued an “outperform” rating on shares of Salisbury Bancorp in a research note on Tuesday, April 30th.
Shares of NASDAQ SAL traded down $0.77 during mid-day trading on Thursday, reaching $38.43. The company’s stock had a trading volume of 2,041 shares, compared to its average volume of 3,298. The firm has a market cap of $110.15 million, a price-to-earnings ratio of 12.77 and a beta of 0.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.54. Salisbury Bancorp has a 52 week low of $33.20 and a 52 week high of $48.44.
Salisbury Bancorp (NASDAQ:SAL) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $10.46 million during the quarter, compared to analyst estimates of $10.90 million. Salisbury Bancorp had a return on equity of 8.66% and a net margin of 18.08%. Research analysts expect that Salisbury Bancorp will post 3.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date was Thursday, May 16th. Salisbury Bancorp’s payout ratio is presently 37.21%.
An institutional investor recently raised its position in Salisbury Bancorp stock. Acadian Asset Management LLC lifted its holdings in Salisbury Bancorp, Inc. (NASDAQ:SAL) by 46.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,075 shares of the bank’s stock after purchasing an additional 341 shares during the quarter. Acadian Asset Management LLC’s holdings in Salisbury Bancorp were worth $39,000 as of its most recent SEC filing. 8.21% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: Portfolio Manager
Get a free copy of the Zacks research report on Salisbury Bancorp (SAL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Salisbury Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salisbury Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.