Salisbury Bancorp (NASDAQ:SAL) Now Covered by Analysts at StockNews.com

Posted by on Jul 16th, 2023

Stock analysts at StockNews.com assumed coverage on shares of Salisbury Bancorp (NASDAQ:SAL – Get Free Report) in a research report issued on Sunday. The firm set a “hold” rating on the bank’s stock.

Salisbury Bancorp Stock Performance

Shares of SAL opened at $24.43 on Friday. The company has a market cap of $141.94 million, a price-to-earnings ratio of 9.25 and a beta of 0.58. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 0.99. Salisbury Bancorp has a 1 year low of $19.89 and a 1 year high of $32.79. The firm has a fifty day moving average of $24.33 and a 200-day moving average of $26.24.

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

Institutional Investors Weigh In On Salisbury Bancorp

Several large investors have recently made changes to their positions in the stock. State Street Corp grew its stake in shares of Salisbury Bancorp by 4.0% during the second quarter. State Street Corp now owns 11,277 shares of the bank’s stock worth $532,000 after buying an additional 432 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of Salisbury Bancorp by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 13,527 shares of the bank’s stock worth $424,000 after acquiring an additional 603 shares in the last quarter. Renaissance Technologies LLC grew its position in Salisbury Bancorp by 6.0% in the 2nd quarter. Renaissance Technologies LLC now owns 12,300 shares of the bank’s stock worth $581,000 after purchasing an additional 700 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Salisbury Bancorp by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 49,080 shares of the bank’s stock worth $1,183,000 after buying an additional 906 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Salisbury Bancorp by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 42,097 shares of the bank’s stock worth $2,357,000 after purchasing an additional 914 shares during the period. Institutional investors and hedge funds own 25.82% of the company’s stock.

Salisbury Bancorp Company Profile

(Get Free Report)

Salisbury Bancorp, Inc operates as the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; commercial loans, such as working capital, equipment financing, financing for leasehold improvements, and financing for expansion; and consumer loans, including home equity loans and lines of credit, collateral loans, and auto and personal installment loans.

Featured Articles

Receive News & Ratings for Salisbury Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salisbury Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.