Salisbury Bancorp (NASDAQ:SAL) Now Covered by StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Salisbury Bancorp (NASDAQ:SAL – Get Rating) in a report issued on Thursday. The brokerage set a “hold” rating on the bank’s stock.

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Salisbury Bancorp Trading Down 0.2 %

NASDAQ:SAL opened at $24.17 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $140.43 million, a P/E ratio of 9.16 and a beta of 0.60. The stock’s 50 day moving average price is $24.20 and its 200 day moving average price is $27.06. Salisbury Bancorp has a 52 week low of $19.89 and a 52 week high of $32.79.

Salisbury Bancorp (NASDAQ:SAL – Get Rating) last released its quarterly earnings results on Wednesday, April 26th. The bank reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.22). The business had revenue of $13.82 million for the quarter, compared to the consensus estimate of $14.80 million. Salisbury Bancorp had a net margin of 23.34% and a return on equity of 12.25%. On average, research analysts forecast that Salisbury Bancorp will post 3.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Salisbury Bancorp by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 42,097 shares of the bank’s stock worth $2,357,000 after buying an additional 914 shares during the period. Vanguard Group Inc. increased its position in Salisbury Bancorp by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 97,300 shares of the bank’s stock worth $5,520,000 after buying an additional 1,861 shares during the period. State Street Corp increased its holdings in shares of Salisbury Bancorp by 13.8% during the 1st quarter. State Street Corp now owns 10,845 shares of the bank’s stock worth $607,000 after purchasing an additional 1,312 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Salisbury Bancorp by 6.0% during the 2nd quarter. Renaissance Technologies LLC now owns 12,300 shares of the bank’s stock worth $581,000 after purchasing an additional 700 shares during the period. Finally, UBS Group AG increased its holdings in shares of Salisbury Bancorp by 240,550.0% during the 3rd quarter. UBS Group AG now owns 4,813 shares of the bank’s stock worth $115,000 after purchasing an additional 4,811 shares during the period. Institutional investors own 25.82% of the company’s stock.

Salisbury Bancorp Company Profile

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Salisbury Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, consumer financing, retail banking, and trust and wealth advisory services. Its products include checking accounts, savings and mortgage market accounts, mortgage loans, health savings account, and retirement account.

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