StockNews.com began coverage on shares of Salisbury Bancorp (NASDAQ:SAL – Get Rating) in a report released on Saturday. The brokerage issued a hold rating on the bank’s stock.
Separately, Janney Montgomery Scott cut Salisbury Bancorp from a buy rating to a neutral rating in a research report on Tuesday, December 6th.
Salisbury Bancorp Stock Performance
SAL stock traded down $0.32 during midday trading on Friday, hitting $25.78. The stock had a trading volume of 2,447 shares, compared to its average volume of 7,409. The firm has a market capitalization of $149.52 million, a price-to-earnings ratio of 9.43 and a beta of 0.64. Salisbury Bancorp has a 52 week low of $22.50 and a 52 week high of $32.79. The stock has a 50-day simple moving average of $29.02 and a 200 day simple moving average of $27.86. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30.
Salisbury Bancorp Announces Dividend
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of SAL. Asset Dedication LLC acquired a new position in Salisbury Bancorp during the third quarter worth $38,000. Magnolia Capital Management Ltd. raised its stake in Salisbury Bancorp by 100.0% during the third quarter. Magnolia Capital Management Ltd. now owns 2,138 shares of the bank’s stock worth $51,000 after acquiring an additional 1,069 shares in the last quarter. Resources Management Corp CT ADV raised its stake in Salisbury Bancorp by 34.2% during the third quarter. Resources Management Corp CT ADV now owns 2,450 shares of the bank’s stock worth $59,000 after acquiring an additional 625 shares in the last quarter. Royal Bank of Canada raised its stake in Salisbury Bancorp by 101.6% during the third quarter. Royal Bank of Canada now owns 3,054 shares of the bank’s stock worth $74,000 after acquiring an additional 1,539 shares in the last quarter. Finally, UBS Group AG raised its stake in Salisbury Bancorp by 240,550.0% during the third quarter. UBS Group AG now owns 4,813 shares of the bank’s stock worth $115,000 after acquiring an additional 4,811 shares in the last quarter. 25.15% of the stock is currently owned by institutional investors and hedge funds.
About Salisbury Bancorp
Salisbury Bancorp, Inc is a bank holding company, which engages in the provision of commercial banking, consumer financing, retail banking, and trust and wealth advisory services. Its products include checking accounts, savings and mortgage market accounts, mortgage loans, health savings account, and retirement account.
- Get a free copy of the StockNews.com research report on Salisbury Bancorp (SAL)
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