Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus target price of $47.00 for the company and are predicting that the company will post $0.80 EPS for the current quarter, according to Zacks. Zacks has also given Salisbury Bancorp an industry rank of 206 out of 255 based on the ratings given to its competitors.
A number of equities research analysts have recently issued reports on the company. ValuEngine upgraded Salisbury Bancorp from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research cut Salisbury Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd.
Salisbury Bancorp (NASDAQ:SAL) last issued its quarterly earnings data on Friday, January 25th. The bank reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.05). Salisbury Bancorp had a return on equity of 8.40% and a net margin of 17.78%. The firm had revenue of $11.44 million for the quarter, compared to the consensus estimate of $10.80 million. As a group, sell-side analysts predict that Salisbury Bancorp will post 3.3 earnings per share for the current fiscal year.
In other news, Director Michael D. Gordon sold 1,250 shares of Salisbury Bancorp stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $43.00, for a total value of $53,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.04% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of Salisbury Bancorp by 46.5% in the fourth quarter. Acadian Asset Management LLC now owns 1,075 shares of the bank’s stock worth $39,000 after purchasing an additional 341 shares during the last quarter. Focused Wealth Management Inc boosted its position in Salisbury Bancorp by 69.7% during the fourth quarter. Focused Wealth Management Inc now owns 2,942 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,208 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Salisbury Bancorp by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 35,389 shares of the bank’s stock valued at $1,280,000 after acquiring an additional 2,843 shares during the last quarter. Institutional investors own 8.85% of the company’s stock.
About Salisbury Bancorp
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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