Salisbury Bancorp (NASDAQ:SAL) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Salisbury Bancorp (NASDAQ:SAL) from a sell rating to a hold rating in a report published on Wednesday morning, ValuEngine reports.

A number of other equities analysts have also commented on SAL. DA Davidson reaffirmed a neutral rating on shares of Salisbury Bancorp in a research note on Wednesday, September 11th. Zacks Investment Research lowered Salisbury Bancorp from a buy rating to a hold rating in a research note on Tuesday, October 1st.

Salisbury Bancorp stock opened at $38.22 on Wednesday. The stock’s 50 day moving average is $38.47 and its 200 day moving average is $39.07. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market cap of $110.50 million, a P/E ratio of 12.70 and a beta of 0.40. Salisbury Bancorp has a one year low of $33.20 and a one year high of $44.69.

Salisbury Bancorp (NASDAQ:SAL) last posted its quarterly earnings data on Friday, July 26th. The bank reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.14. The company had revenue of $10.89 million for the quarter, compared to analyst estimates of $10.70 million. Salisbury Bancorp had a return on equity of 9.20% and a net margin of 19.01%. Equities analysts anticipate that Salisbury Bancorp will post 3.57 earnings per share for the current fiscal year.

In other Salisbury Bancorp news, Director David B. Farrell bought 1,300 shares of the stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $38.58 per share, for a total transaction of $50,154.00. Following the completion of the acquisition, the director now owns 2,600 shares in the company, valued at approximately $100,308. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.23% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Southside Capital LLC bought a new stake in shares of Salisbury Bancorp during the second quarter valued at approximately $162,000. Vanguard Group Inc. increased its holdings in shares of Salisbury Bancorp by 9.4% during the second quarter. Vanguard Group Inc. now owns 17,587 shares of the bank’s stock valued at $685,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Eidelman Virant Capital increased its holdings in shares of Salisbury Bancorp by 3.2% during the second quarter. Eidelman Virant Capital now owns 32,254 shares of the bank’s stock valued at $1,257,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.

Salisbury Bancorp Company Profile

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; commercial loans; and consumer loans, including home equity loans and lines of credit, and auto and personal installment loans.

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