Salisbury Bancorp (NASDAQ:SAL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Salisbury Bancorp (NASDAQ:SALGet Rating) in a research note issued on Tuesday. The firm set a “hold” rating on the bank’s stock.

Separately, Zacks Investment Research cut shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th.

Shares of NASDAQ:SAL opened at $53.82 on Tuesday. The company’s 50-day moving average price is $55.60 and its two-hundred day moving average price is $53.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.92 and a quick ratio of 0.92. Salisbury Bancorp has a one year low of $40.10 and a one year high of $59.90. The stock has a market capitalization of $154.79 million, a PE ratio of 9.38 and a beta of 0.75.

Salisbury Bancorp (NASDAQ:SALGet Rating) last issued its earnings results on Wednesday, January 26th. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.12. The company had revenue of $13.39 million for the quarter, compared to analysts’ expectations of $13.30 million. Salisbury Bancorp had a net margin of 29.31% and a return on equity of 12.31%. On average, analysts anticipate that Salisbury Bancorp will post 6.08 earnings per share for the current fiscal year.

In other Salisbury Bancorp news, EVP Todd J. Rubino sold 1,000 shares of the stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $56.50, for a total transaction of $56,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.88% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Maltese Capital Management LLC bought a new position in Salisbury Bancorp in the 3rd quarter valued at approximately $254,000. Alliancebernstein L.P. lifted its stake in Salisbury Bancorp by 12.4% in the 3rd quarter. Alliancebernstein L.P. now owns 29,876 shares of the bank’s stock valued at $1,519,000 after purchasing an additional 3,297 shares during the last quarter. Magnolia Capital Management Ltd. bought a new position in shares of Salisbury Bancorp during the fourth quarter valued at $59,000. FJ Capital Management LLC raised its stake in shares of Salisbury Bancorp by 22.4% during the third quarter. FJ Capital Management LLC now owns 180,000 shares of the bank’s stock valued at $9,313,000 after acquiring an additional 33,000 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Salisbury Bancorp by 2.3% during the second quarter. Morgan Stanley now owns 18,335 shares of the bank’s stock valued at $932,000 after acquiring an additional 414 shares during the last quarter. 23.04% of the stock is owned by institutional investors.

About Salisbury Bancorp (Get Rating)

Salisbury Bancorp, Inc operates as the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, collateral loans, and auto and personal installment loans.

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