StockNews.com Begins Coverage on Salisbury Bancorp (NASDAQ:SAL)

StockNews.com started coverage on shares of Salisbury Bancorp (NASDAQ:SALGet Rating) in a report issued on Monday morning. The brokerage issued a hold rating on the bank’s stock.

Salisbury Bancorp Trading Up 6.2 %

SAL stock opened at $31.55 on Monday. The company has a market capitalization of $182.36 million, a PE ratio of 11.51 and a beta of 0.68. Salisbury Bancorp has a one year low of $22.50 and a one year high of $32.00. The company’s 50 day moving average price is $26.00 and its two-hundred day moving average price is $23.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 0.92.

Salisbury Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 11th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Wednesday, November 9th. Salisbury Bancorp’s payout ratio is 23.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Salisbury Bancorp by 98.9% during the 3rd quarter. Vanguard Group Inc. now owns 236,342 shares of the bank’s stock valued at $5,663,000 after purchasing an additional 117,515 shares during the period. FJ Capital Management LLC boosted its holdings in shares of Salisbury Bancorp by 5.0% during the 1st quarter. FJ Capital Management LLC now owns 192,204 shares of the bank’s stock valued at $10,904,000 after buying an additional 9,204 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Salisbury Bancorp by 182.4% during the 3rd quarter. Alliancebernstein L.P. now owns 188,350 shares of the bank’s stock valued at $4,513,000 after buying an additional 121,649 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Salisbury Bancorp by 102.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 86,015 shares of the bank’s stock valued at $2,062,000 after buying an additional 43,578 shares in the last quarter. Finally, Eidelman Virant Capital boosted its holdings in shares of Salisbury Bancorp by 2.6% during the 3rd quarter. Eidelman Virant Capital now owns 78,508 shares of the bank’s stock valued at $1,939,000 after buying an additional 2,000 shares in the last quarter. 12.74% of the stock is owned by hedge funds and other institutional investors.

Salisbury Bancorp Company Profile

(Get Rating)

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; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, collateral loans, and auto and personal installment loans.

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