Zacks: Analysts Set $47.00 Price Target for Salisbury Bancorp, Inc. (NASDAQ:SAL)

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Salisbury Bancorp, Inc. (NASDAQ:SAL) has 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 1 year consensus price target of $47.00 for the company and are anticipating 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 168 out of 256 based on the ratings given to its competitors.

SAL has been the subject of a number of research reports. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. FIG Partners reiterated an “outperform” rating on shares of Salisbury Bancorp in a research report on Tuesday, April 30th.

An institutional investor recently raised its position in Salisbury Bancorp stock. Acadian Asset Management LLC lifted its holdings in shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) by 46.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,075 shares of the bank’s stock after buying an additional 341 shares during the period. Acadian Asset Management LLC’s holdings in Salisbury Bancorp were worth $39,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.07% of the company’s stock.

Shares of NASDAQ SAL traded down $0.21 during mid-day trading on Friday, hitting $38.00. The company had a trading volume of 4,317 shares, compared to its average volume of 1,210. The stock has a market cap of $107.32 million, a P/E ratio of 12.09 and a beta of 0.46. 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 1-year low of $33.20 and a 1-year high of $44.69. The business’s 50-day moving average price is $39.15.

Salisbury Bancorp (NASDAQ:SAL) last announced its quarterly earnings data on Friday, April 26th. The bank reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.06. The firm had revenue of $10.46 million during the quarter, compared to the consensus estimate of $10.90 million. Salisbury Bancorp had a net margin of 18.08% and a return on equity of 8.66%. As a group, analysts expect that Salisbury Bancorp will post 3.43 earnings per share for the current fiscal year.

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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