Salisbury Bancorp, Inc. (NASDAQ: SAL – Get a rating) EVP Steven M. Essex sold 700 shares of the company in a transaction that took place on Wednesday, June 8. The shares were sold at an average price of $52.12, for a total value of $36,484.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company, valued at $26,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
NASDAQ SAL traded down $0.01 on Wednesday, hitting $52.35. 1,234 shares of the stock were traded, against an average volume of 2,684. The company’s fifty-day moving average is $29.75 and its two-hundred-day moving average is $27.95. Salisbury Bancorp, Inc. has a 12-month low of $46.13 and a 12-month high of $59.90. The company has a market capitalization of $151.08 million, a price-earnings ratio of 9.73 and a beta of 0.76. The company has a debt ratio of 0.23, a quick ratio of 0.90 and a current ratio of 0.90.
Shares of Salisbury Bancorp will split on Friday July 1. The 2-1 split was announced on Friday July 1. The newly created shares will be delivered to shareholders after market close on Friday, July 1.
Salisbury Bancorp (NASDAQ: SAL – Get a rating) last reported quarterly earnings data on Wednesday, April 20. The bank reported earnings per share of $0.62 for the quarter, missing the consensus estimate of $0.73 per ($0.11). Salisbury Bancorp had a net margin of 27.34% and a return on equity of 11.48%. The company posted revenue of $13.40 million for the quarter, versus a consensus estimate of $13.80 million. Analysts expect Salisbury Bancorp, Inc. to post EPS of 5.61 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.16 per share. The ex-dividend date was Thursday, May 12. This represents an annualized dividend of $0.64 and a dividend yield of 1.22%. Salisbury Bancorp’s dividend payout ratio is currently 23.79%.
Several large investors have recently bought and sold shares of SAL. FJ Capital Management LLC increased its position in shares of Salisbury Bancorp by 5.0% during the first quarter. FJ Capital Management LLC now owns 192,204 shares of the bank worth $10,904,000 after acquiring 9,204 additional shares last quarter. Millennium Management LLC purchased a new equity stake in Salisbury Bancorp during the second quarter at a value of $438,000. Maltese Capital Management LLC purchased a new equity stake in Salisbury Bancorp during the third quarter for $254,000. Janney Montgomery Scott LLC purchased a new equity stake in Salisbury Bancorp in the fourth quarter for $200,000. Finally, Alliancebernstein LP increased its position in Salisbury Bancorp shares by 12.4% in the third quarter. Alliancebernstein LP now owns 29,876 shares of the bank worth $1,519,000 after buying 3,297 additional shares last quarter. Hedge funds and other institutional investors own 23.11% of the company’s shares.
Several research companies have recently published reports on SAL. Zacks Investment Research downgraded Salisbury Bancorp from a “hold” rating to a “sell” rating in a Wednesday, April 27 report. StockNews.com supposed coverage on Salisbury Bancorp in a Monday report. They set a “holding” rating for the company.
About Salisbury Bancorp (Get a rating)
Salisbury Bancorp, Inc operates as a bank holding company for Salisbury Bank and Trust Company which provides commercial banking, consumer finance, retail banking, and trust and wealth advisory services. It offers various deposit products to individuals and businesses. The company also provides loans, such as residential and commercial real estate loans; building loans; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, secured loans, and auto and personal installment loans.
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