Salisbury Bancorp, Inc. (NASDAQ:SAL) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, FIG Partners started coverage on shares of Salisbury Bancorp in a research note on Tuesday. They issued an “outperform” rating and a $48.00 price target on the stock.

Shares of Salisbury Bancorp (NASDAQ SAL) traded down 0.87% on Friday, hitting $40.00. 2,322 shares of the stock traded hands. The firm has a market cap of $109.96 million, a P/E ratio of 16.39 and a beta of 0.54. Salisbury Bancorp has a 52 week low of $29.50 and a 52 week high of $42.45. The stock has a 50-day moving average price of $39.88 and a 200 day moving average price of $38.29.

Salisbury Bancorp (NASDAQ:SAL) last posted its quarterly earnings results on Friday, April 28th. The bank reported $0.58 EPS for the quarter. The company had revenue of $9.98 million for the quarter. Salisbury Bancorp had a net margin of 15.80% and a return on equity of 7.23%. Equities research analysts predict that Salisbury Bancorp will post $2.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.78%. The ex-dividend date was Wednesday, May 10th. Salisbury Bancorp’s dividend payout ratio is presently 46.28%.

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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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