Zacks: Salisbury Bancorp, Inc. (SAL) Receives Average Recommendation of “Strong Buy” from Brokerages
Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $51.00 for the company and are predicting 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 related companies.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. FIG Partners restated an “outperform” rating and issued a $51.00 target price (up previously from $48.50) on shares of Salisbury Bancorp in a research note on Thursday, September 14th.
A number of hedge funds and other institutional investors have recently modified their holdings of SAL. ZPR Investment Management acquired a new position in Salisbury Bancorp during the 2nd quarter worth about $203,000. Shufro Rose & Co. LLC acquired a new position in Salisbury Bancorp during the 3rd quarter worth about $209,000. LSV Asset Management lifted its position in Salisbury Bancorp by 3.7% during the 2nd quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock worth $265,000 after buying an additional 231 shares in the last quarter. Kennedy Capital Management Inc. lifted its position in Salisbury Bancorp by 1.0% during the 2nd quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock valued at $975,000 after purchasing an additional 231 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Salisbury Bancorp by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock valued at $1,066,000 after purchasing an additional 490 shares during the period. Institutional investors and hedge funds own 9.75% of the company’s stock.
Shares of Salisbury Bancorp (SAL) traded down $0.90 during trading hours on Friday, hitting $44.35. 2,900 shares of the stock traded hands, compared to its average volume of 2,034. Salisbury Bancorp has a 52 week low of $32.45 and a 52 week high of $50.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $126.06, a P/E ratio of 18.85 and a beta of 0.76.
The business also recently declared 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 is Thursday, November 9th. This represents a $1.12 annualized dividend and a yield of 2.53%. Salisbury Bancorp’s dividend payout ratio (DPR) is 46.67%.
About Salisbury Bancorp
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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