Salisbury Bancorp (NASDAQ:SAL) Research Coverage Started at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Salisbury Bancorp (NASDAQ:SAL – Get Rating) in a report released on Wednesday. The brokerage set a “hold” rating on the bank’s stock.

Salisbury Bancorp Stock Performance

Shares of SAL stock opened at $25.15 on Wednesday. Salisbury Bancorp has a 12-month low of $19.89 and a 12-month high of $32.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $146.05 million, a price-to-earnings ratio of 9.53 and a beta of 0.60. The business has a 50 day simple moving average of $24.09 and a 200 day simple moving average of $27.27.

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Salisbury Bancorp (NASDAQ:SAL – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.22). Salisbury Bancorp had a return on equity of 12.25% and a net margin of 23.34%. The business had revenue of $13.82 million during the quarter, compared to the consensus estimate of $14.80 million. On average, equities research analysts anticipate that Salisbury Bancorp will post 3.2 EPS for the current year.

Institutional Investors Weigh In On Salisbury Bancorp

Several large investors have recently modified their holdings of SAL. Resources Management Corp CT ADV grew its holdings in shares of Salisbury Bancorp by 34.2% during the third 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 in the last quarter. Royal Bank of Canada boosted its stake in shares of Salisbury Bancorp by 101.6% during 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 period. UBS Group AG grew its holdings in shares of Salisbury Bancorp by 79.0% during the 1st quarter. UBS Group AG now owns 3,590 shares of the bank’s stock valued at $87,000 after acquiring an additional 1,584 shares in the last quarter. Jane Street Group LLC acquired a new position in Salisbury Bancorp in the 1st quarter worth about $242,000. Finally, HighTower Advisors LLC bought a new stake in Salisbury Bancorp in the first quarter worth approximately $246,000. 25.15% of the stock is owned by institutional investors.

Salisbury Bancorp Company Profile

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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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