Salisbury Bancorp’s (SAL) “Outperform” Rating Reiterated at FIG Partners

FIG Partners reaffirmed their outperform rating on shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) in a research note released on Thursday morning. The firm currently has a $51.00 target price on the bank’s stock, up from their prior target price of $48.50.

SAL has been the topic of several other reports. Zacks Investment Research raised Salisbury Bancorp from a hold rating to a buy rating and set a $48.00 target price on the stock in a report on Thursday, August 3rd. ValuEngine raised Salisbury Bancorp from a hold rating to a buy rating in a report on Friday, June 9th.

Salisbury Bancorp (NASDAQ SAL) opened at 45.00 on Thursday. Salisbury Bancorp has a 12-month low of $30.50 and a 12-month high of $50.00. The firm’s 50 day moving average price is $43.70 and its 200-day moving average price is $40.82. The company has a market capitalization of $124.02 million, a PE ratio of 18.07 and a beta of 0.64.

Salisbury Bancorp (NASDAQ:SAL) last released its quarterly earnings results on Friday, July 28th. The bank reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.09. Salisbury Bancorp had a return on equity of 7.28% and a net margin of 15.96%. The company had revenue of $9.72 million for the quarter, compared to analyst estimates of $10.30 million. On average, equities analysts anticipate that Salisbury Bancorp will post $2.52 earnings per share for the current fiscal year.

WARNING: This story was published by Equities Focus and is owned by of Equities Focus. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.equitiesfocus.com/2017/09/17/salisbury-bancorps-sal-outperform-rating-reiterated-at-fig-partners.html.

The business also recently announced a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Wednesday, August 9th. Salisbury Bancorp’s dividend payout ratio (DPR) is 44.98%.

Institutional investors have recently added to or reduced their stakes in the business. ZPR Investment Management bought a new stake in Salisbury Bancorp in the second quarter worth $203,000. LSV Asset Management boosted its holdings in Salisbury Bancorp by 3.7% in the second quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock worth $265,000 after acquiring an additional 231 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in Salisbury Bancorp by 1.0% in the second quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock worth $975,000 after acquiring an additional 231 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Salisbury Bancorp by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock worth $1,066,000 after acquiring an additional 490 shares in the last quarter. 9.67% of the stock is currently owned by institutional investors and hedge funds.

Salisbury Bancorp Company Profile

Salisbury Bancorp, Inc is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs).

Receive News & Ratings for Salisbury Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salisbury Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply