Salisbury Bancorp (SAL) Upgraded by Zacks Investment Research to Hold
Salisbury Bancorp (NASDAQ:SAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.
According to Zacks, “Salisbury Bancorp, Inc. is a holding company that operates through its wholly owned subsidiary, Salisbury Bank and Trust Company. The Company’s products and services are all of a nature of a commercial bank and trust company. The Bank is a full-service bank offering a range of commercial and personal banking services. The Bank is engaged in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate, consumer and small business loans. It also offers trust and investment services. The Company operates offices located in Canaan, Lakeville, Salisbury, and Sharon, Connecticut, as well as in Sheffield and South Egremont, Massachusetts, and Dover Plains, New York; and a trust and investment services division in Lakeville, Connecticut. Salisbury Bancorp is headquartered in Lakeville, Connecticut. “
Separately, FIG Partners reissued an “outperform” rating and set a $51.00 target price (up previously from $48.50) on shares of Salisbury Bancorp in a report on Thursday, September 14th.
In other news, Director Charles M. Andola sold 800 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $45.66, for a total value of $36,528.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael D. Gordon sold 892 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $45.25, for a total transaction of $40,363.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,357 shares of company stock worth $107,614. Insiders own 19.14% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Salisbury Bancorp by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock worth $1,066,000 after purchasing an additional 490 shares during the period. Kennedy Capital Management Inc. increased its holdings in shares of Salisbury Bancorp by 1.0% in the second quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock worth $975,000 after purchasing an additional 231 shares during the period. LSV Asset Management increased its holdings in shares of Salisbury Bancorp by 3.7% in the second quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock worth $265,000 after purchasing an additional 231 shares during the period. ZPR Investment Management bought a new position in shares of Salisbury Bancorp in the second quarter worth $203,000. Finally, Shufro Rose & Co. LLC bought a new position in shares of Salisbury Bancorp in the third quarter worth $209,000. 9.86% of the stock is currently owned by hedge funds and other institutional investors.
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Salisbury Bancorp Company Profile
Salisbury Bancorp, Inc is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs).
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