Zacks: Salisbury Bancorp, Inc. (SAL) Given Consensus Recommendation of “Strong Buy” by Analysts
Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $48.50 for the company and are anticipating that the company will post $0.77 EPS for the current quarter, according to Zacks. Zacks has also assigned Salisbury Bancorp an industry rank of 149 out of 255 based on the ratings given to related companies.
Several analysts have issued reports on SAL shares. 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.
A hedge fund recently bought a new stake in Salisbury Bancorp stock. Ladenburg Thalmann Financial Services Inc. bought a new stake in shares of Salisbury Bancorp, Inc. (NASDAQ:SAL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,203 shares of the bank’s stock, valued at approximately $144,000. Ladenburg Thalmann Financial Services Inc. owned 0.11% of Salisbury Bancorp as of its most recent SEC filing. 8.99% of the stock is currently owned by institutional investors.
NASDAQ SAL opened at $42.89 on Wednesday. The firm has a market capitalization of $117.81 million, a price-to-earnings ratio of 15.21 and a beta of 0.41. Salisbury Bancorp has a 1 year low of $34.65 and a 1 year high of $51.80. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90.
Salisbury Bancorp (NASDAQ:SAL) last announced its earnings results on Friday, July 27th. The bank reported $0.68 earnings per share (EPS) for the quarter. Salisbury Bancorp had a net margin of 14.63% and a return on equity of 8.13%. The company had revenue of $10.10 million for the quarter. As a group, analysts anticipate that Salisbury Bancorp will post 2.97 EPS for the current year.
Salisbury Bancorp Company Profile
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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