Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 12-month consensus price objective of $47.00 for the company and are forecasting 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 189 out of 256 based on the ratings given to related companies.
Several brokerages have recently issued reports on SAL. FIG Partners reaffirmed an “outperform” rating on shares of Salisbury Bancorp in a report on Tuesday, April 30th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
SAL stock traded up $1.77 during midday trading on Friday, hitting $39.42. The company’s stock had a trading volume of 3,197 shares, compared to its average volume of 1,503. Salisbury Bancorp has a 12 month low of $33.20 and a 12 month high of $44.69. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $107.23 million, a price-to-earnings ratio of 13.10 and a beta of 0.46. The business has a 50 day moving average price of $38.95.
Salisbury Bancorp (NASDAQ:SAL) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.06. The business had revenue of $10.46 million during the quarter, compared to the consensus estimate of $10.90 million. Salisbury Bancorp had a return on equity of 8.66% and a net margin of 18.08%. On average, analysts expect that Salisbury Bancorp will post 3.43 EPS for the current year.
An institutional investor recently raised its position in Salisbury Bancorp stock. Eidelman Virant Capital lifted its stake in Salisbury Bancorp, Inc. (NASDAQ:SAL) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,254 shares of the bank’s stock after purchasing an additional 1,000 shares during the quarter. Eidelman Virant Capital owned 1.15% of Salisbury Bancorp worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 8.07% 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.
Further Reading: Price to Earnings Ratio (PE)
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