Equities researchers at StockNews.com started coverage on shares of Salisbury Bancorp (NASDAQ:SAL – Get Rating) in a research note issued on Friday. The brokerage set a “hold” rating on the bank’s stock.
Salisbury Bancorp Price Performance
NASDAQ SAL opened at $21.58 on Friday. The business has a 50 day simple moving average of $25.23 and a 200 day simple moving average of $27.85. Salisbury Bancorp has a 52-week low of $19.89 and a 52-week high of $32.79. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $125.14 million, a price-to-earnings ratio of 8.17 and a beta of 0.61.
Hedge Funds Weigh In On Salisbury Bancorp
A number of large investors have recently bought and sold shares of the company. Asset Dedication LLC acquired a new stake in shares of Salisbury Bancorp in the 3rd quarter valued at approximately $38,000. Magnolia Capital Management Ltd. boosted its holdings in shares of Salisbury Bancorp by 100.0% in the 3rd quarter. Magnolia Capital Management Ltd. now owns 2,138 shares of the bank’s stock valued at $51,000 after buying an additional 1,069 shares during the last quarter. Resources Management Corp CT ADV boosted its holdings in shares of Salisbury Bancorp by 34.2% in the 3rd quarter. Resources Management Corp CT ADV now owns 2,450 shares of the bank’s stock valued at $59,000 after buying an additional 625 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Salisbury Bancorp by 101.6% in the 3rd quarter. Royal Bank of Canada now owns 3,054 shares of the bank’s stock valued at $74,000 after buying an additional 1,539 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Salisbury Bancorp by 240,550.0% in the 3rd quarter. UBS Group AG now owns 4,813 shares of the bank’s stock valued at $115,000 after buying an additional 4,811 shares during the last quarter. Institutional investors and hedge funds own 25.15% of the company’s stock.
About Salisbury Bancorp
Salisbury Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, consumer financing, retail banking, and trust and wealth advisory services. Its products include checking accounts, savings and mortgage market accounts, mortgage loans, health savings account, and retirement account.
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