Salisbury Bancorp, Inc. (SAL) Lifted to “Buy” at ValuEngine
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%.
ILLEGAL ACTIVITY WARNING: “Salisbury Bancorp, Inc. (SAL) Lifted to “Buy” at ValuEngine” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/06/09/salisbury-bancorp-inc-sal-lifted-to-buy-at-valuengine.html.
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Salisbury Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salisbury Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.