FIG Partners Equities Analysts Increase Earnings Estimates for Salisbury Bancorp, Inc. (SAL)
Salisbury Bancorp, Inc. (NASDAQ:SAL) – FIG Partners lifted their Q3 2018 EPS estimates for shares of Salisbury Bancorp in a report released on Wednesday. FIG Partners analyst D. Bishop now forecasts that the bank will earn $0.71 per share for the quarter, up from their previous forecast of $0.70. FIG Partners currently has a “Outperform” rating and a $51.00 price objective on the stock. FIG Partners also issued estimates for Salisbury Bancorp’s FY2019 earnings at $2.96 EPS.
A number of other analysts have also issued reports on SAL. Zacks Investment Research lowered shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. ValuEngine lowered shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 15th.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Friday, November 10th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.49%. The ex-dividend date was Thursday, November 9th. Salisbury Bancorp’s payout ratio is presently 46.67%.
In other news, Director Michael D. Gordon sold 892 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $45.25, for a total value of $40,363.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles M. Andola sold 800 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $45.66, for a total transaction of $36,528.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,357 shares of company stock worth $107,614. Corporate insiders own 19.14% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Salisbury Bancorp by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock worth $1,066,000 after acquiring an additional 490 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in Salisbury Bancorp by 1.0% in the second quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock worth $975,000 after purchasing an additional 231 shares during the period. LSV Asset Management lifted its position in Salisbury Bancorp by 3.7% in the second quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock worth $265,000 after purchasing an additional 231 shares during the period. ZPR Investment Management bought a new position in Salisbury Bancorp in the second quarter worth $203,000. Finally, Shufro Rose & Co. LLC bought a new position in Salisbury Bancorp in the third quarter worth $209,000. Institutional investors and hedge funds own 9.86% of the company’s stock.
About Salisbury Bancorp
Salisbury Bancorp, Inc is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs).
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