Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL – Get Rating) will split on Tuesday, May 31. The 2-1 split was announced on Tuesday, May 31. The newly created shares will be payable to shareholders after the closing bell on Tuesday May 31.
Shares of NASDAQ SAL traded at $1.79 during Monday’s trading, hitting $52.59. The company had a trading volume of 2,810 shares, compared to an average volume of 2,687. Salisbury Bancorp has a 12-month low of $45.30 and a 12-month high of $59.90. The stock has a market capitalization of $151.76 million, a PE ratio of 9.44 and a beta of 0.76. The stock has a 50-day moving average price of $53.85 and a 200-day moving average price of $53.86. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt ratio of 0.23.
Salisbury Bancorp (NASDAQ:SAL – Get Rating) last released its results on Wednesday April 20. The bank reported EPS of $1.23 for the quarter, missing the consensus estimate of $1.46 per ($0.23). The company posted revenue of $13.40 million in the quarter, versus analyst estimates of $13.80 million. Salisbury Bancorp had a net margin of 27.34% and a return on equity of 11.48%. On average, sell-side analysts expect Salisbury Bancorp to post an EPS of 5.61 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 27. Investors of record on Friday, May 13 will receive a dividend of $0.32. The ex-date of this dividend is Thursday, May 12. This represents an annualized dividend of $1.28 and a yield of 2.43%. Salisbury Bancorp’s payout ratio is currently 23.79%.
Several research companies have recently commented on SAL. StockNews.com began covering Salisbury Bancorp in a research note on Saturday. They issued a “holding” rating for the company. Zacks Investment Research downgraded Salisbury Bancorp from a ‘Hold’ rating to a ‘Sell’ rating in a Wednesday, April 27 research note.
Hedge funds have recently been buying and selling shares of the company. Renaissance Technologies LLC increased its position in Salisbury Bancorp shares by 2.6% in the fourth quarter. Renaissance Technologies LLC now owns 11,700 shares of the bank worth $643,000 after purchasing an additional 300 shares during the period. Morgan Stanley increased its position in Salisbury Bancorp shares by 2.3% in the second quarter. Morgan Stanley now owns 18,335 shares of the bank worth $932,000 after purchasing an additional 414 shares during the period. MCF Advisors LLC purchased a new equity stake in Salisbury Bancorp in the first quarter worth approximately $25,000. Asset Dedication LLC purchased a new equity stake in Salisbury Bancorp in the first quarter worth approximately $33,000. Finally, State Street Corp increased its position in shares of Salisbury Bancorp by 7.9% in the fourth quarter. State Street Corp now owns 9,533 shares of the bank worth $504,000 after purchasing an additional 699 shares during the period. 23.11% of the shares are held by hedge funds and other institutional investors.
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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