Analysts Expect Salisbury Bancorp, Inc. (SAL) to Announce $0.65 Earnings Per Share
Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus price objective of $51.00 for the company and are forecasting that the company will post $0.65 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 108 out of 265 based on the ratings given to its competitors.
SAL has been the subject of several recent research reports. Zacks Investment Research raised Salisbury Bancorp from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, September 14th. FIG Partners reaffirmed 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.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Salisbury Bancorp by 1.9% during 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. Kennedy Capital Management Inc. boosted its position in Salisbury Bancorp by 1.0% during 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. LSV Asset Management boosted its position in Salisbury Bancorp by 3.7% during 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. ZPR Investment Management acquired a new stake in shares of Salisbury Bancorp in the second quarter valued at approximately $203,000. Finally, Shufro Rose & Co. LLC acquired a new stake in shares of Salisbury Bancorp in the third quarter valued at approximately $209,000. 9.86% of the stock is owned by hedge funds and other institutional investors.
Salisbury Bancorp (SAL) opened at $44.85 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $119.65, a PE ratio of 17.90 and a beta of 0.71. Salisbury Bancorp has a 52-week low of $34.35 and a 52-week high of $50.00.
The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.12 annualized dividend and a yield of 2.50%. Salisbury Bancorp’s dividend payout ratio (DPR) is presently 46.67%.
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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