Salisbury Bancorp, Inc. (NASDAQ:SAL) Brief Interest Update
Salisbury Bancorp, Inc. (NASDAQ: SAL – Get a rating) saw significant growth in short-term interest in May. As of May 31, there were short interests totaling 4,700 shares, up 42.4% from the May 15 total of 3,300 shares. Based on an average daily volume of 2,500 shares, the short interest ratio is currently 1.9 days. Currently, 0.2% of the company’s shares are sold short.
Separately, StockNews.com began covering shares of Salisbury Bancorp in a research note on Tuesday. They issued a “hold” rating on the stock.
Shares of SAL opened at $50.90 on Friday. The company has a debt ratio of 0.23, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $147.10 million, a P/E ratio of 9.46 and a beta of 0.76. The company has a 50-day moving average price of $33.02 and a 200-day moving average price of $29.19. Salisbury Bancorp has a fifty-two week low of $46.13 and a fifty-two week high of $59.90.
Shares of Salisbury Bancorp will be 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 distributed to shareholders after the close of trading on Friday July 1.
Salisbury Bancorp (NASDAQ:SAL – Get a rating) last reported quarterly earnings data on Wednesday, April 20. The bank reported earnings per share of $0.62 for the quarter, missing analyst consensus estimates of $0.73 per ($0.11). Salisbury Bancorp had a net margin of 27.34% and a return on equity of 11.48%. The company posted revenue of $13.40 million in the quarter, versus analyst estimates of $13.80 million. On average, research analysts expect Salisbury Bancorp to post an EPS of 5.61 for the current financial year.
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 an annualized dividend of $0.64 and a yield of 1.26%. The ex-dividend date was Thursday, May 12. Salisbury Bancorp’s dividend payout ratio (DPR) is currently 23.79%.
In other news from Salisbury Bancorp, EVP Steven M. Essex sold 700 shares of Salisbury Bancorp in a trade dated Wednesday June 8th. The shares were sold at an average price of $52.12, for a total transaction of $36,484.00. Following the transaction, the executive vice president now directly owns 500 shares of the company, valued at $26,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. 8.79% of the shares are held by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of SAL. Morgan Stanley increased its stake in Salisbury Bancorp by 2.3% during the second quarter. Morgan Stanley now owns 18,335 shares of the bank worth $932,000 after acquiring 414 more shares last quarter. Millennium Management LLC acquired a new stock position in Salisbury Bancorp in Q2 worth $438,000. Geode Capital Management LLC increased its equity stake in Salisbury Bancorp by 6.9% in Q3. Geode Capital Management LLC now owns 23,149 shares of the bank valued at $1,215,000 after purchasing an additional 1,491 shares last quarter. Royal Bank of Canada increased its holdings of Salisbury Bancorp shares by 1,007.3% in Q3. Royal Bank of Canada now owns 1,517 shares of the bank valued at $77,000 after buying an additional 1,380 shares last quarter. Finally, Maltese Capital Management LLC acquired a new position in Salisbury Bancorp shares in 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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