Salisbury Bancorp Stock Scheduled to Split on Tuesday, May 31st (NASDAQ:SAL)

Salisbury Bancorp, Inc. (NASDAQ:SALGet Rating) shares are going to split on Tuesday, May 31st. The 2-1 split was announced on Tuesday, May 31st. The newly created shares will be payable to shareholders after the closing bell on Tuesday, May 31st.

Shares of NASDAQ SAL traded up $1.79 during trading on Monday, reaching $52.59. The company had a trading volume of 2,810 shares, compared to its average volume of 2,687. Salisbury Bancorp has a twelve month low of $45.30 and a twelve month high of $59.90. The stock has a market capitalization of $151.76 million, a PE ratio of 9.44 and a beta of 0.76. The stock has a 50-day moving average price of $53.85 and a two-hundred day moving average price of $53.86. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.23.

Salisbury Bancorp (NASDAQ:SALGet Rating) last released its earnings results on Wednesday, April 20th. The bank reported $1.23 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.23). The business had revenue of $13.40 million during the quarter, compared to analyst estimates of $13.80 million. Salisbury Bancorp had a net margin of 27.34% and a return on equity of 11.48%. On average, sell-side analysts predict that Salisbury Bancorp will post 5.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.28 annualized dividend and a yield of 2.43%. Salisbury Bancorp’s payout ratio is currently 23.79%.

Several research firms recently commented on SAL. StockNews.com began coverage on Salisbury Bancorp in a research note on Saturday. They issued a “hold” rating for the company. Zacks Investment Research lowered Salisbury Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th.

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its position in shares of Salisbury Bancorp by 2.6% in the fourth quarter. Renaissance Technologies LLC now owns 11,700 shares of the bank’s stock worth $643,000 after buying an additional 300 shares during the period. Morgan Stanley boosted its position in shares of Salisbury Bancorp by 2.3% in the second quarter. Morgan Stanley now owns 18,335 shares of the bank’s stock worth $932,000 after buying an additional 414 shares during the period. MCF Advisors LLC purchased a new stake in shares of Salisbury Bancorp in the first quarter worth about $25,000. Asset Dedication LLC purchased a new stake in shares of Salisbury Bancorp in the first quarter worth about $33,000. Finally, State Street Corp boosted its position in shares of Salisbury Bancorp by 7.9% in the fourth quarter. State Street Corp now owns 9,533 shares of the bank’s stock worth $504,000 after buying an additional 699 shares during the period. 23.11% of the stock is owned by hedge funds and other 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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