Zacks: Salisbury Bancorp, Inc. (SAL) Receives Average Recommendation of “Strong Buy” from Analysts

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

Analysts have set a twelve-month consensus price objective of $48.50 for the company and are forecasting that the company will post $0.77 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 107 out of 255 based on the ratings given to its competitors.

A number of research firms recently commented on SAL. ValuEngine downgraded shares of Salisbury Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th. Zacks Investment Research downgraded shares of Salisbury Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd.

In other news, Director Michael D. Gordon sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $42.00, for a total transaction of $63,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 13.04% of the stock is owned by insiders.

A hedge fund recently bought a new stake in Salisbury Bancorp stock. Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,203 shares of the bank’s stock, valued at approximately $144,000. Ladenburg Thalmann Financial Services Inc. owned 0.11% of Salisbury Bancorp at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.99% of the company’s stock.

Shares of NASDAQ SAL traded down $0.11 during midday trading on Wednesday, reaching $42.00. The company’s stock had a trading volume of 1,236 shares, compared to its average volume of 887. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. Salisbury Bancorp has a one year low of $34.65 and a one year high of $51.80. The company has a market capitalization of $118.10 million, a P/E ratio of 14.89 and a beta of 0.41.

Salisbury Bancorp (NASDAQ:SAL) last released its earnings results on Friday, July 27th. The bank reported $0.68 EPS for the quarter. Salisbury Bancorp had a net margin of 14.63% and a return on equity of 8.13%. The business had revenue of $10.10 million for the quarter. On average, analysts anticipate that Salisbury Bancorp will post 2.97 earnings per share for the current year.

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.

Further Reading: Buyback For Investors Defined

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