Zacks: Salisbury Bancorp, Inc. (SAL) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have been assigned an average 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 rating.

Analysts have set a twelve-month consensus price objective of $51.00 for the company and are expecting 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 22 out of 265 based on the ratings given to its competitors.

A number of research analysts recently issued reports on SAL shares. Zacks Investment Research cut Salisbury Bancorp from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. ValuEngine cut Salisbury Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 15th.

Salisbury Bancorp (SAL) traded up $0.05 during trading on Monday, hitting $46.10. The company had a trading volume of 800 shares, compared to its average volume of 2,869. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.99 and a quick ratio of 0.99. Salisbury Bancorp has a fifty-two week low of $37.30 and a fifty-two week high of $50.00. The company has a market capitalization of $128.43, a PE ratio of 19.21 and a beta of 0.69.

Salisbury Bancorp (NASDAQ:SAL) last released its quarterly earnings results on Friday, October 27th. The bank reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.05). Salisbury Bancorp had a net margin of 15.26% and a return on equity of 6.95%. equities analysts predict that Salisbury Bancorp will post 2.5 EPS for the current fiscal year.

In other Salisbury Bancorp news, Director Charles M. Andola sold 800 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $45.66, for a total transaction of $36,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael D. Gordon sold 892 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $45.25, for a total value of $40,363.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,357 shares of company stock valued at $107,614 over the last three months. Company insiders own 19.14% of the company’s stock.

A number of large investors have recently made changes to their positions in SAL. Dimensional Fund Advisors LP grew its position in shares of Salisbury Bancorp by 1.9% during the 2nd 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 during the period. LSV Asset Management grew its position in shares of Salisbury Bancorp by 3.7% during the 2nd quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock worth $265,000 after buying an additional 231 shares during the period. ZPR Investment Management acquired a new position in shares of Salisbury Bancorp during the 2nd quarter worth about $203,000. Finally, Shufro Rose & Co. LLC acquired a new position in shares of Salisbury Bancorp during the 3rd quarter worth about $209,000. 9.83% of the stock is owned by hedge funds and other institutional investors.

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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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