Salisbury Bancorp (SAL) Releases Quarterly Earnings Results

Salisbury Bancorp (NASDAQ:SAL) announced its quarterly earnings results on Friday. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.06, MarketWatch Earnings reports. The company had revenue of $10.59 million for the quarter, compared to the consensus estimate of $10.80 million. Salisbury Bancorp had a net margin of 14.63% and a return on equity of 8.13%.

NASDAQ:SAL traded down $2.65 during trading hours on Friday, reaching $39.01. 400 shares of the company were exchanged, compared to its average volume of 801. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. The company has a market cap of $109.42 million, a P/E ratio of 13.83 and a beta of 0.41. Salisbury Bancorp has a 52-week low of $34.65 and a 52-week high of $51.80.

In other Salisbury Bancorp news, Director Michael D. Gordon sold 1,500 shares of the 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 filing with the SEC, which is available at this link. Company insiders own 13.04% of the company’s stock.

Several brokerages recently issued reports on SAL. Zacks Investment Research downgraded shares of Salisbury Bancorp from a “hold” rating to a “strong sell” rating in a research note on Friday, August 3rd. ValuEngine downgraded shares of Salisbury Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th.

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.

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Earnings History for Salisbury Bancorp (NASDAQ:SAL)

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