Separately, Zacks Investment Research cut shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a Wednesday, March 30 report.
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 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: SAL – Get a rating) last reported results on Wednesday, January 26. The bank reported earnings per share (EPS) of $1.43 for the quarter, beating the Zacks consensus estimate of $1.31 by $0.12. The company posted revenue of $13.39 million for the quarter, versus $13.30 million expected by analysts. Salisbury Bancorp had a net margin of 29.31% and a return on equity of 12.31%. On average, analysts expect Salisbury Bancorp to post earnings per share of 6.08 for the current financial year.
In other news from Salisbury Bancorp, EVP Todd J. Rubino sold 1,000 shares in a trade that took place on Monday, February 7. The shares were sold at an average price of $56.50, for a total transaction of $56,500.00. The sale was disclosed in an SEC filing, available at this hyperlink. Company insiders own 8.88% of the company’s shares.
Institutional investors have recently changed their stake in the company. Maltese Capital Management LLC bought a new position in Salisbury Bancorp in Q3, valued at around $254,000. Alliancebernstein LP increased its stake in Salisbury Bancorp by 12.4% in the third quarter. Alliancebernstein LP now owns 29,876 shares of the bank valued at $1,519,000 after buying 3,297 additional shares in the last quarter. Magnolia Capital Management Ltd. bought a new position in shares of Salisbury Bancorp during the fourth quarter worth $59,000. FJ Capital Management LLC increased 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 valued at $9,313,000 after acquiring 33,000 additional shares in the last quarter. Finally, Morgan Stanley increased its stake in shares of Salisbury Bancorp by 2.3% during the second quarter. Morgan Stanley now owns 18,335 shares of the bank valued at $932,000 after acquiring 414 additional shares in the last quarter. 23.04% of the shares are held by institutional investors.
About Salisbury Bancorp (Get a rating)
Salisbury Bancorp, Inc operates as a bank holding company for Salisbury Bank and Trust Company which provides commercial banking, consumer finance, retail banking, and trust and wealth advisory services. It offers various deposit products to individuals and businesses. The company also provides loans, such as residential and commercial real estate loans; building loans; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, secured loans, and auto and personal installment loans.
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