Salisbury Bancorp (NASDAQ:SAL) Stock Price Passes Above 200-Day Moving Average of $47.98

Salisbury Bancorp, Inc. (NASDAQ:SAL) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.98 and traded as high as $52.37. Salisbury Bancorp shares last traded at $51.46, with a volume of 2,529 shares traded.

Separately, Zacks Investment Research downgraded shares of Salisbury Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, September 22nd.

The company has a market cap of $145.68 million, a price-to-earnings ratio of 9.06 and a beta of 0.85. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $50.71 and its 200 day simple moving average is $48.05.

Salisbury Bancorp (NASDAQ:SAL) last released its quarterly earnings data on Tuesday, July 20th. The bank reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.04. The company had revenue of $12.54 million during the quarter, compared to the consensus estimate of $13.10 million. Salisbury Bancorp had a net margin of 28.81% and a return on equity of 12.54%. On average, analysts predict that Salisbury Bancorp, Inc. will post 5.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, August 13th were issued a $0.31 dividend. This is an increase from Salisbury Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, August 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.44%. Salisbury Bancorp’s dividend payout ratio is presently 29.52%.

In other news, EVP Steven M. Essex sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 27th. The shares were sold at an average price of $48.50, for a total transaction of $48,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.88% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Morgan Stanley boosted its position in shares of Salisbury Bancorp by 2.3% during the 2nd quarter. Morgan Stanley now owns 18,335 shares of the bank’s stock worth $932,000 after purchasing an additional 414 shares during the period. Millennium Management LLC purchased a new position in Salisbury Bancorp in the 2nd quarter valued at approximately $438,000. Basswood Capital Management L.L.C. purchased a new position in Salisbury Bancorp in the 2nd quarter valued at approximately $48,000. Invenomic Capital Management LP purchased a new position in Salisbury Bancorp in the 2nd quarter valued at approximately $79,000. Finally, Kennedy Capital Management Inc. purchased a new position in Salisbury Bancorp in the 2nd quarter valued at approximately $465,000. 22.14% of the stock is owned by hedge funds and other institutional investors.

Salisbury Bancorp Company Profile (NASDAQ:SAL)

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.

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