Salisbury Bancorp, Inc. (NASDAQ: SALT – get rating) executive vice-president steven m essex sold 700 shares of the company’s capital stock in a transaction that occurred on Wednesday, June 8. The shares were sold at an average price of $52.12, for a total value of $36,484.00. Following the completion of the transaction, the Executive Vice President now directly owns 500 shares of the company, valued at $26,060. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be accessed via this link.
NASDAQ SALT traded down $0.01 on Wednesday, reaching $52.35. 1,234 shares of the stock traded by hand, compared to its average volume of 2,684. The company’s fifty day moving average is $29.75 and its two hundred day moving average is $27.95. Salisbury Bancorp, Inc. has a 12-month minimum of $46.13 and a 12-month maximum of $59.90. The company has a market capitalization of $151.08 million, a price-earnings ratio of 9.73, and a beta of 0.76. The firm has a debt-to-equity ratio of 0.23, a quick ratio of 0.90, and a current ratio of 0.90.
Salisbury Bancorp shares will split on Friday, July 1. The 2-1 split was announced on Friday, July 1. The newly created shares will be issued to shareholders after the market closes on Friday, July 1.
Salisbury Bank (NASDAQ: SALT – get rating) last announced its quarterly earnings data on Wednesday, April 20. The bank reported earnings per share of $0.62 per share for the quarter, missing the consensus estimate of $0.73 per share ($0.11). Salisbury Bancorp had a net margin of 27.34% and a return on equity of 11.48%. The company had revenue of $13.40 million for the quarter, compared to the consensus estimate of $13.80 million. Analysts expect Salisbury Bancorp, Inc. to post 5.61 EPS for the current fiscal year.
The company also recently announced 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. The ex-dividend date of this dividend was Thursday, May 12. This represents an annualized dividend of $0.64 and a dividend yield of 1.22%. Salisbury Bancorp’s dividend payout ratio is currently 23.79%.
Several large investors have recently bought and sold SAL shares. FJ Capital Management LLC increased its position in Salisbury Bancorp shares by 5.0% during the first quarter. FJ Capital Management LLC now owns 192,204 shares of the bank worth $10,904,000 after purchasing an additional 9,204 shares last quarter. Millennium Management LLC purchased a new share of Salisbury Bancorp stock during the second quarter for $438,000. Maltese Capital Management LLC purchased a new share of Salisbury Bancorp stock during the third quarter for $254,000. Janney Montgomery Scott LLC purchased a new share of Salisbury Bancorp stock in the fourth quarter for $200,000. Finally, Alliancebernstein LP increased its position in Salisbury Bancorp shares by 12.4% in the third quarter. Alliancebernstein LP now owns 29,876 shares of the bank worth $1,519,000 after buying an additional 3,297 shares last quarter. Hedge funds and other institutional investors own 23.11% of the company’s shares.
Several research companies have recently published reports on SAL. Zacks Investment Research downgraded Salisbury Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, April 27. StockNews.com assumed coverage of Salisbury Bancorp in a report on Monday. They set a “hold” rating for the company.
About Salisbury Bancorp (get rating)
Salisbury Bancorp, Inc operates as the banking 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 retail and commercial deposit products. The company also offers loans, such as residential and commercial real estate loans; construction 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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