FIG Partners reaffirmed their outperform rating on shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) in a report issued on Thursday. They currently have a $51.00 target price on the bank’s stock, up from their previous target price of $48.50.
A number of other brokerages also recently weighed in on SAL. Zacks Investment Research raised Salisbury Bancorp from a hold rating to a buy rating and set a $52.00 price objective on the stock in a research report on Thursday. ValuEngine raised Salisbury Bancorp from a hold rating to a buy rating in a research report on Friday, June 9th.
Salisbury Bancorp (NASDAQ SAL) opened at 45.00 on Thursday. The stock has a market cap of $124.02 million, a price-to-earnings ratio of 18.07 and a beta of 0.64. The stock has a 50 day moving average price of $43.70 and a 200 day moving average price of $40.82. Salisbury Bancorp has a 52-week low of $30.50 and a 52-week high of $50.00.
Salisbury Bancorp (NASDAQ:SAL) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. Salisbury Bancorp had a return on equity of 7.28% and a net margin of 15.96%. The company had revenue of $9.72 million for the quarter, compared to the consensus estimate of $10.30 million. Analysts expect that Salisbury Bancorp will post $2.52 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Wednesday, August 9th. Salisbury Bancorp’s dividend payout ratio is presently 44.98%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Salisbury Bancorp by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock worth $1,066,000 after acquiring an additional 490 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in Salisbury Bancorp by 1.0% in the second quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock worth $975,000 after acquiring an additional 231 shares in the last quarter. LSV Asset Management boosted its holdings in Salisbury Bancorp by 3.7% in the second quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock worth $265,000 after acquiring an additional 231 shares in the last quarter. Finally, ZPR Investment Management acquired a new stake in Salisbury Bancorp in the second quarter worth about $203,000. 9.67% of the stock is owned by institutional investors and hedge funds.
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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