Brokerages Set $47.00 Price Target for Salisbury Bancorp, Inc. (SAL)

Salisbury Bancorp, Inc. (NASDAQ:SAL) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $47.00 for the company and are expecting that the company will post $0.84 EPS for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 96 out of 257 based on the ratings given to related companies.

Several brokerages have recently commented on SAL. Zacks Investment Research downgraded shares of Salisbury Bancorp from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. ValuEngine downgraded shares of Salisbury Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th.

In other news, Director Michael D. Gordon sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $42.00, for a total transaction of $63,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 13.04% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in Salisbury Bancorp stock. Resources Management Corp CT ADV acquired a new position in Salisbury Bancorp, Inc. (NASDAQ:SAL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,950 shares of the bank’s stock, valued at approximately $165,000. Resources Management Corp CT ADV owned approximately 0.14% of Salisbury Bancorp as of its most recent SEC filing. 9.04% of the stock is owned by institutional investors.

Salisbury Bancorp stock traded down $0.48 during midday trading on Tuesday, reaching $38.12. 3,245 shares of the company traded hands, compared to its average volume of 702. The company has a market cap of $106.92 million, a price-to-earnings ratio of 12.34 and a beta of 0.51. Salisbury Bancorp has a 12 month low of $34.65 and a 12 month high of $51.80. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.77.

Salisbury Bancorp (NASDAQ:SAL) last issued its quarterly earnings data on Friday, October 26th. The bank reported $0.83 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.06. Salisbury Bancorp had a net margin of 15.48% and a return on equity of 8.71%. The company had revenue of $10.59 million for the quarter, compared to the consensus estimate of $10.80 million. Sell-side analysts expect that Salisbury Bancorp will post 3.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.12 annualized dividend and a dividend yield of 2.94%. Salisbury Bancorp’s payout ratio is 39.72%.

About Salisbury Bancorp

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; and consumer loans, including home equity loans and lines of credit, and auto and personal installment loans.

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