StockNews.com began to cover the shares of Salisbury Bancorp (NASDAQ:SAL – Get a rating) in a research report delivered Tuesday to clients and investors. The company has placed a “hold” rating on the bank’s shares.
Salisbury Bancorp price performance
Shares of SAL opened at $23.64 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt ratio of 0.23. Salisbury Bancorp has a 12-month low of $22.50 and a 12-month high of $29.95. The company has a market capitalization of $136.73 million, a P/E ratio of 9.13 and a beta of 0.66. The company has a fifty-day simple moving average of $23.83 and a 200-day simple moving average of $20.20.
Salisbury Bancorp (NASDAQ:SAL – Get a rating) last reported results on Wednesday, July 20. The bank reported EPS of $0.66 for the quarter, missing the consensus estimate of $0.72 per ($0.06). The company posted revenue of $14.17 million in the quarter, versus a consensus estimate of $13.80 million. Salisbury Bancorp had a net margin of 25.89% and a return on equity of 11.12%. On average, sell-side analysts expect Salisbury Bancorp to post an EPS of 2.82 for the current financial year.
Hedge funds weigh on Salisbury Bancorp
Hedge funds have recently changed their positions in the stock. Vanguard Group Inc. increased its stake in Salisbury Bancorp by 1.9% during the first quarter. Vanguard Group Inc. now owns 97,300 shares of the bank worth $5,520,000 after purchasing an additional 1,861 shares during the period. Dimensional Fund Advisors LP increased its stake in Salisbury Bancorp by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 42,097 shares of the bank worth $2,357,000 after purchasing an additional 914 shares during the period. State Street Corp increased its stake in Salisbury Bancorp by 13.8% during the first quarter. State Street Corp now owns 10,845 shares of the bank worth $607,000 after purchasing an additional 1,312 shares during the period. Renaissance Technologies LLC increased its stake in Salisbury Bancorp by 6.0% during the second quarter. Renaissance Technologies LLC now owns 12,300 shares of the bank worth $581,000 after purchasing an additional 700 shares during the period. Finally, Resources Management Corp CT ADV increased its stake in Salisbury Bancorp by 37.7% during the second quarter. Resources Management Corp CT ADV now owns 1,825 shares of the bank worth $86,000 after buying an additional 500 shares during the period. 12.74% of the shares are currently held by institutional investors.
Salisbury Bancorp Company Profile
Salisbury Bancorp, Inc operates as a bank holding company for Salisbury Bank and Trust Company which provides commercial banking, consumer finance, retail banking, and trust and wealth advisory services. It offers various deposit products to individuals and businesses. The company also provides loans, such as residential and commercial real estate loans; building loans; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, secured loans, and auto and personal installment loans.
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