Salisbury Bancorp, Inc. (NASDAQ:SAL) Given Consensus Recommendation of “Strong Buy” by Analysts

Salisbury Bancorp, Inc. (NASDAQ:SAL) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus target price of $47.00 for the company and are forecasting that the company will post $0.83 EPS for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 168 out of 256 based on the ratings given to related companies.

Several analysts recently commented on the stock. FIG Partners reissued an “outperform” rating on shares of Salisbury Bancorp in a research note on Tuesday, April 30th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

SAL stock traded down $0.21 on Friday, hitting $38.00. 4,317 shares of the company’s stock traded hands, compared to its average volume of 1,210. Salisbury Bancorp has a 1-year low of $33.20 and a 1-year high of $44.69. The firm has a market cap of $107.32 million, a PE ratio of 12.09 and a beta of 0.46. The stock’s fifty day moving average is $39.15. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.01.

Salisbury Bancorp (NASDAQ:SAL) last released its earnings results on Friday, April 26th. The bank reported $0.86 EPS for the quarter, beating the consensus estimate of $0.80 by $0.06. Salisbury Bancorp had a net margin of 18.08% and a return on equity of 8.66%. The business had revenue of $10.46 million during the quarter, compared to analyst estimates of $10.90 million. On average, equities analysts expect that Salisbury Bancorp will post 3.43 EPS for the current year.

An institutional investor recently raised its position in Salisbury Bancorp stock. Dimensional Fund Advisors LP lifted its position in Salisbury Bancorp, Inc. (NASDAQ:SAL) by 8.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 35,389 shares of the bank’s stock after acquiring an additional 2,843 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.26% of Salisbury Bancorp worth $1,280,000 as of its most recent filing with the SEC. 8.07% of the stock is owned by institutional investors.

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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