Salisbury Bancorp, Inc. Plans Quarterly Dividend of $0.32 (NASDAQ:SAL)

Salisbury Bancorp, Inc. (NASDAQ:SALGet Rating) declared a quarterly dividend on Wednesday, April 20th, Zacks reports. Shareholders of record on Friday, May 13th will be given a dividend of 0.32 per share by the bank on Friday, May 27th. This represents a $1.28 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, May 12th.

Salisbury Bancorp has a dividend payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Salisbury Bancorp to earn $6.70 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 19.1%.

Shares of NASDAQ:SAL opened at $54.16 on Friday. The company has a 50-day simple moving average of $55.44 and a 200-day simple moving average of $53.91. Salisbury Bancorp has a one year low of $42.50 and a one year high of $59.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $155.76 million, a price-to-earnings ratio of 9.44 and a beta of 0.75.

Salisbury Bancorp (NASDAQ:SALGet Rating) last announced its earnings results on Wednesday, April 20th. The bank reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.23). Salisbury Bancorp had a net margin of 29.31% and a return on equity of 12.31%. As a group, research analysts forecast that Salisbury Bancorp will post 6.08 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the stock. StockNews.com started coverage on shares of Salisbury Bancorp in a research report on Tuesday. They set a “hold” rating for the company. Zacks Investment Research cut shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th.

In other Salisbury Bancorp news, EVP Todd J. Rubino sold 1,000 shares of Salisbury Bancorp stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $56.50, for a total value of $56,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.88% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in SAL. Alliancebernstein L.P. lifted its holdings in Salisbury Bancorp by 2.9% in the 4th quarter. Alliancebernstein L.P. now owns 30,738 shares of the bank’s stock worth $1,689,000 after buying an additional 862 shares in the last quarter. Morgan Stanley increased its position in shares of Salisbury Bancorp by 2.3% in the 2nd quarter. Morgan Stanley now owns 18,335 shares of the bank’s stock worth $932,000 after purchasing an additional 414 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Salisbury Bancorp by 2.6% in the 4th quarter. Renaissance Technologies LLC now owns 11,700 shares of the bank’s stock worth $643,000 after purchasing an additional 300 shares during the last quarter. State Street Corp increased its position in shares of Salisbury Bancorp by 7.9% in the 4th quarter. State Street Corp now owns 9,533 shares of the bank’s stock worth $504,000 after purchasing an additional 699 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Salisbury Bancorp in the 2nd quarter worth about $438,000. 23.04% of the stock is owned by institutional investors.

Salisbury Bancorp Company Profile (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.

Further Reading

Dividend History for Salisbury Bancorp (NASDAQ:SAL)

Receive News & Ratings for Salisbury Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salisbury Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.