Bradley Foster & Sargent Inc. CT cut its position in Salisbury Bancorp, Inc. (NASDAQ:SAL) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,699 shares of the bank’s stock after selling 1 shares during the quarter. Bradley Foster & Sargent Inc. CT owned 0.10% of Salisbury Bancorp worth $111,000 as of its most recent filing with the Securities and Exchange Commission.
A number of research analysts have commented on SAL shares. Zacks Investment Research upgraded shares of Salisbury Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Salisbury Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, FIG Partners started coverage on shares of Salisbury Bancorp in a report on Tuesday, June 6th. They set an “outperform” rating and a $48.00 target price on the stock.
Shares of Salisbury Bancorp, Inc. (SAL) opened at 46.845 on Friday. The firm has a market capitalization of $129.10 million, a PE ratio of 18.813 and a beta of 0.64. The firm’s 50 day moving average is $43.82 and its 200-day moving average is $40.93. Salisbury Bancorp, Inc. has a one year low of $30.50 and a one year high of $50.00.
Salisbury Bancorp (NASDAQ:SAL) last posted its quarterly earnings results on Friday, July 28th. The bank reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. Salisbury Bancorp had a net margin of 15.96% and a return on equity of 7.28%. The firm had revenue of $9.72 million for the quarter, compared to the consensus estimate of $10.30 million. On average, equities research analysts predict that Salisbury Bancorp, Inc. will post $2.52 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.39%. Salisbury Bancorp’s dividend payout ratio is currently 44.98%.
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Salisbury Bancorp Company Profile
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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