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Shares of Salisbury Bancorp, Inc. (NASDAQ: SAL – Get a rating) are expected to split before the market opens 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.
NASDAQ:SAL opened at $51.68 on Wednesday. The company has a market capitalization of $149.15 million, a PE ratio of 9.61 and a beta of 0.76. The company has a 50-day simple moving average of $32.10 and a two-hundred-day simple moving average of $28.86. The company has a debt ratio of 0.23, a quick ratio of 0.90 and a current ratio of 0.90. Salisbury Bancorp has a fifty-two week low of $46.13 and a fifty-two week high of $59.90.
Salisbury Bancorp (NASDAQ:SAL – Get a rating) last released its quarterly results on Wednesday, April 20. The bank reported earnings per share (EPS) of $0.62 for the quarter, missing analyst consensus estimates of $0.73 per ($0.11). The company posted revenue of $13.40 million for the quarter, versus a consensus estimate of $13.80 million. Salisbury Bancorp had a return on equity of 11.40% and a net margin of 27.34%. Research analysts predict that Salisbury Bancorp will post EPS of 5.61 for the current year.
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The company also recently declared 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. This represents a dividend of $0.64 on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, May 12. Salisbury Bancorp’s payout ratio is 23.79%.
Separately, StockNews.com launched a hedge on Salisbury Bancorp in a report on Tuesday. They have set a “holding” rating on the stock.
In related news, EVP Steven M. Essex sold 700 shares in a trade on Wednesday, June 8. The stock was sold at an average price of $52.12, for a total value of $36,484.00. Following the transaction, the executive vice president now directly owns 500 shares of the company, valued at approximately $26,060. The sale was disclosed in an SEC filing, which is available via the SEC website. 8.79% of the shares are currently held by company insiders.
Several institutional investors and hedge funds have recently changed their SAL holdings. Morgan Stanley increased its stake 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 buying 414 more shares last quarter. Millennium Management LLC bought a new position in Salisbury Bancorp during Q2 worth $438,000. Geode Capital Management LLC increased its stake in Salisbury Bancorp by 6.9% in the third quarter. Geode Capital Management LLC now owns 23,149 shares of the bank valued at $1,215,000 after acquiring 1,491 additional shares last quarter. Royal Bank of Canada increased its stake in Salisbury Bancorp by 1,007.3% during the third quarter. Royal Bank of Canada now owns 1,517 shares of the bank valued at $77,000 after acquiring 1,380 more shares last quarter. Finally, Maltese Capital Management LLC bought a new position in Salisbury Bancorp during Q3 worth $254,000. Institutional investors hold 23.11% of the company’s shares.
Salisbury Bancorp Company Profile (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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