Zacks Investment Research Upgrades Salisbury Bancorp (SAL) to Hold
Salisbury Bancorp (NASDAQ:SAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
According to Zacks, “Salisbury Bancorp, Inc. is a holding company that operates through its wholly owned subsidiary, Salisbury Bank and Trust Company. The Company’s products and services are all of a nature of a commercial bank and trust company. The Bank is a full-service bank offering a range of commercial and personal banking services. The Bank is engaged in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate, consumer and small business loans. It also offers trust and investment services. The Company operates offices located in Canaan, Lakeville, Salisbury, and Sharon, Connecticut, as well as in Sheffield and South Egremont, Massachusetts, and Dover Plains, New York; and a trust and investment services division in Lakeville, Connecticut. Salisbury Bancorp is headquartered in Lakeville, Connecticut. “
Separately, FIG Partners reissued an “outperform” rating and set a $51.00 price objective (up from $48.50) on shares of Salisbury Bancorp in a report on Thursday, September 14th.
In other Salisbury Bancorp news, Director Charles M. Andola sold 800 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $45.66, for a total value of $36,528.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael D. Gordon sold 892 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $45.25, for a total transaction of $40,363.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,357 shares of company stock worth $107,614. 19.14% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of SAL. ZPR Investment Management purchased a new stake in Salisbury Bancorp in the second quarter valued at $203,000. Shufro Rose & Co. LLC purchased a new stake in Salisbury Bancorp in the third quarter valued at $209,000. LSV Asset Management boosted 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 valued at $265,000 after purchasing an additional 231 shares during the last quarter. Kennedy Capital Management Inc. boosted 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 valued at $975,000 after purchasing an additional 231 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 valued at $1,066,000 after purchasing an additional 490 shares during the last quarter. 9.86% of the stock is currently owned by institutional investors.
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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