Salisbury Bancorp, Inc. (SAL) Declares Quarterly Dividend of $0.28
Salisbury Bancorp, Inc. (NASDAQ:SAL) announced a quarterly dividend on Monday, October 30th, Wall Street Journal reports. Stockholders of record on Friday, November 10th will be given a dividend of 0.28 per share by the bank on Friday, November 24th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, November 9th.
Salisbury Bancorp (SAL) traded down 3.09% during midday trading on Monday, hitting $45.45. The stock had a trading volume of 1,241 shares. Salisbury Bancorp has a 52 week low of $31.15 and a 52 week high of $50.00. The company’s 50-day moving average price is $46.09 and its 200 day moving average price is $42.42. The company has a market capitalization of $125.26 million, a PE ratio of 18.25 and a beta of 0.66.
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, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. Salisbury Bancorp had a return on equity of 6.99% and a net margin of 15.26%. The company had revenue of $9.72 million for the quarter, compared to the consensus estimate of $10.30 million. On average, analysts expect that Salisbury Bancorp will post $2.52 EPS for the current year.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Salisbury Bancorp from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Thursday, August 3rd. FIG Partners reaffirmed an “outperform” rating and set a $51.00 target price (up from $48.50) on shares of Salisbury Bancorp in a research report on Thursday, September 14th.
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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