Salisbury Bancorp (SAL) Rating Increased to Hold at ValuEngine

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ValuEngine upgraded shares of Salisbury Bancorp (NASDAQ:SAL) from a sell rating to a hold rating in a research note released on Tuesday morning, ValuEngine reports.

Separately, FIG Partners reaffirmed an outperform rating on shares of Salisbury Bancorp in a research report on Tuesday, April 30th.

NASDAQ:SAL remained flat at $$39.14 during trading hours on Tuesday. The company’s stock had a trading volume of 38 shares, compared to its average volume of 1,886. Salisbury Bancorp has a 52-week low of $33.20 and a 52-week high of $48.44. The company has a current ratio of 1.01, a quick ratio of 1.04 and a debt-to-equity ratio of 0.54. The firm has a market cap of $110.72 million, a P/E ratio of 13.00 and a beta of 0.57.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, May 16th. Salisbury Bancorp’s payout ratio is presently 37.21%.

In other news, Director Michael D. Gordon sold 1,250 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was 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 is accessible through this hyperlink. Corporate insiders own 13.23% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAL. Acadian Asset Management LLC lifted its holdings in Salisbury Bancorp by 46.5% during the 4th quarter. Acadian Asset Management LLC now owns 1,075 shares of the bank’s stock valued at $39,000 after purchasing an additional 341 shares during the last quarter. Focused Wealth Management Inc lifted its holdings in Salisbury Bancorp by 69.7% during the 4th quarter. Focused Wealth Management Inc now owns 2,942 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,208 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Salisbury Bancorp by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 35,389 shares of the bank’s stock valued at $1,280,000 after purchasing an additional 2,843 shares during the last quarter. 8.55% of the stock is owned by institutional investors.

Salisbury Bancorp Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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