Salisbury Bancorp, Inc. (NASDAQ:SAL) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $51.00 for the company and are predicting 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 126 out of 265 based on the ratings given to its competitors.
A number of analysts recently weighed in on SAL shares. Zacks Investment Research upgraded shares of Salisbury Bancorp from a “sell” rating to a “buy” rating and set a $50.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine cut shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 15th.
Salisbury Bancorp (NASDAQ:SAL) last issued its earnings results on Friday, January 26th. The bank reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.21. The firm had revenue of $10.21 million during the quarter, compared to analysts’ expectations of $10.20 million. Salisbury Bancorp had a net margin of 14.13% and a return on equity of 7.82%. research analysts predict that Salisbury Bancorp will post 3.08 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Thursday, February 8th. Salisbury Bancorp’s payout ratio is 46.86%.
In related news, Director Michael D. Gordon sold 1,535 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $45.50, for a total transaction of $69,842.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Holly J. Nelson sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $49.18, for a total transaction of $44,262.00. The disclosure for this sale can be found here. Company insiders own 19.14% of the company’s stock.
Several large investors have recently modified their holdings of SAL. Mutual Advisors LLC purchased a new stake in shares of Salisbury Bancorp in the 4th quarter valued at approximately $208,000. Shufro Rose & Co. LLC purchased a new stake in shares of Salisbury Bancorp in the 3rd quarter valued at approximately $209,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Salisbury Bancorp by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock valued at $1,066,000 after acquiring an additional 490 shares in the last quarter. Institutional investors and hedge funds own 9.94% of the company’s stock.
About Salisbury Bancorp
Salisbury Bancorp, Inc is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs).
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