Salisbury Bancorp, Inc. (NASDAQ:SAL) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price target of $51.00 for the company and are expecting that the company will post $0.65 EPS for the current quarter, according to Zacks. Zacks has also given Salisbury Bancorp an industry rank of 118 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Salisbury Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. FIG Partners reissued an “outperform” rating and issued a $51.00 target price (up from $48.50) on shares of Salisbury Bancorp in a research note on Thursday, September 14th.
Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Salisbury Bancorp by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock valued at $1,066,000 after buying an additional 490 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in shares of Salisbury Bancorp by 1.0% during the second quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock valued at $975,000 after buying an additional 231 shares during the last quarter. LSV Asset Management boosted its position in shares of Salisbury Bancorp by 3.7% during the second quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock valued at $265,000 after buying an additional 231 shares during the last quarter. Finally, ZPR Investment Management purchased a new stake in shares of Salisbury Bancorp during the second quarter valued at $203,000. 9.68% of the stock is currently owned by institutional investors.
Shares of Salisbury Bancorp (NASDAQ SAL) opened at $45.50 on Friday. Salisbury Bancorp has a 12 month low of $31.75 and a 12 month high of $50.00. The company has a market capitalization of $126.76, a price-to-earnings ratio of 18.96 and a beta of 0.76. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.12 annualized dividend and a dividend yield of 2.46%. Salisbury Bancorp’s dividend payout ratio (DPR) is presently 46.67%.
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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