Zacks: Salisbury Bancorp, Inc. (SAL) Receives Average Rating of “Strong Buy” from Brokerages
Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price target of $51.00 for the company and are anticipating that the company will post $0.65 earnings per share for the current quarter, according to Zacks. Zacks has also given Salisbury Bancorp an industry rank of 110 out of 265 based on the ratings given to its competitors.
SAL has been the subject of a number of analyst reports. Zacks Investment Research upgraded Salisbury Bancorp from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, August 3rd. FIG Partners restated an “outperform” rating and set a $51.00 price objective (up from $48.50) on shares of Salisbury Bancorp in a research report on Thursday, September 14th.
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Several institutional investors and hedge funds have recently modified their holdings of the company. ZPR Investment Management bought a new position in shares of Salisbury Bancorp during the second quarter worth about $203,000. Dimensional Fund Advisors LP increased its holdings in 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 purchasing an additional 490 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in 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 purchasing an additional 231 shares in the last quarter. Finally, LSV Asset Management increased its holdings in 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 purchasing an additional 231 shares in the last quarter. Institutional investors own 9.68% of the company’s stock.
Shares of Salisbury Bancorp (NASDAQ SAL) opened at 48.3533 on Tuesday. The stock has a 50 day moving average price of $45.92 and a 200-day moving average price of $42.26. Salisbury Bancorp has a 52 week low of $31.01 and a 52 week high of $50.00. The company has a market capitalization of $133.26 million, a PE ratio of 19.4190 and a beta of 0.66.
Salisbury Bancorp (NASDAQ:SAL) last issued its quarterly earnings data on Friday, July 28th. The bank reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.09. Salisbury Bancorp had a return on equity of 7.28% and a net margin of 15.96%. The company had revenue of $9.72 million during the quarter, compared to the consensus estimate of $10.30 million. Equities research analysts expect that Salisbury Bancorp will post $2.52 EPS for the current year.
Salisbury Bancorp Company Profile
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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