Salisbury Bancorp’s (SAL) Outperform Rating Reiterated at FIG Partners
Salisbury Bancorp, Inc. (NASDAQ:SAL)‘s stock had its “outperform” rating reiterated by stock analysts at FIG Partners in a note issued to investors on Thursday. They presently have a $51.00 price target on the bank’s stock, up from their previous price target of $48.50. FIG Partners’ price target indicates a potential upside of 10.87% from the company’s current price.
A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded Salisbury Bancorp from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Thursday. ValuEngine upgraded Salisbury Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, June 9th.
Shares of Salisbury Bancorp (SAL) traded up 1.96% during trading on Thursday, hitting $46.90. The company had a trading volume of 100 shares. Salisbury Bancorp has a 52 week low of $30.40 and a 52 week high of $50.00. The stock has a market capitalization of $129.26 million, a P/E ratio of 18.84 and a beta of 0.64. The firm’s 50 day moving average is $43.43 and its 200-day moving average is $40.70.
Salisbury Bancorp (NASDAQ:SAL) last released its quarterly earnings data on Friday, July 28th. The bank reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. The firm had revenue of $9.72 million during the quarter, compared to analyst estimates of $10.30 million. Salisbury Bancorp had a return on equity of 7.28% and a net margin of 15.96%. Equities research analysts anticipate that Salisbury Bancorp will post $2.52 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of SAL. LSV Asset Management lifted its position in shares of Salisbury Bancorp by 3.7% in the second 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 shares of Salisbury Bancorp by 1.0% in the second quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock worth $975,000 after buying an additional 231 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Salisbury Bancorp by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock worth $1,066,000 after buying an additional 490 shares in the last quarter. Finally, ZPR Investment Management purchased a new stake in shares of Salisbury Bancorp in the second quarter worth about $203,000. Institutional investors own 9.67% of the company’s stock.
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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