Salisbury Bancorp, Inc. (NASDAQ:SAL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, November 3rd.
According to Zacks, “Salisbury Bancorp, Inc. is a holding company that operates through its wholly owned subsidiary, Salisbury Bank and Trust Company. The Company’s products and services are all of a nature of a commercial bank and trust company. The Bank is a full-service bank offering a range of commercial and personal banking services. The Bank is engaged in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate, consumer and small business loans. It also offers trust and investment services. The Company operates offices located in Canaan, Lakeville, Salisbury, and Sharon, Connecticut, as well as in Sheffield and South Egremont, Massachusetts, and Dover Plains, New York; and a trust and investment services division in Lakeville, Connecticut. Salisbury Bancorp is headquartered in Lakeville, Connecticut. “
Separately, FIG Partners reissued an “outperform” rating and issued a $51.00 price objective (up from $48.50) on shares of Salisbury Bancorp in a research note on Thursday, September 14th.
Salisbury Bancorp (NASDAQ:SAL) opened at $45.25 on Friday. Salisbury Bancorp has a 52 week low of $32.45 and a 52 week high of $50.00. The stock has a market capitalization of $128.15, a price-to-earnings ratio of 19.17 and a beta of 0.76. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.
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Several institutional investors have recently bought and sold shares of the stock. ZPR Investment Management bought a new stake in shares of Salisbury Bancorp during the second quarter worth $203,000. Shufro Rose & Co. LLC bought a new stake in shares of Salisbury Bancorp during the third quarter worth $209,000. LSV Asset Management grew its stake in shares of Salisbury Bancorp by 3.7% during the second quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock worth $265,000 after purchasing an additional 231 shares during the period. Kennedy Capital Management Inc. grew its stake in shares of Salisbury Bancorp by 1.0% during the second quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock worth $975,000 after purchasing an additional 231 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Salisbury Bancorp by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock worth $1,066,000 after purchasing an additional 490 shares during the period. Institutional investors and hedge funds own 9.70% of the company’s stock.
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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