Shufro Rose & Co. LLC Acquires New Stake in Salisbury Bancorp, Inc. (SAL)
Shufro Rose & Co. LLC acquired a new stake in Salisbury Bancorp, Inc. (NASDAQ:SAL) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,500 shares of the bank’s stock, valued at approximately $209,000. Shufro Rose & Co. LLC owned about 0.16% of Salisbury Bancorp at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the business. ZPR Investment Management purchased a new stake in shares of Salisbury Bancorp in the 2nd quarter valued at approximately $203,000. Dimensional Fund Advisors LP boosted its holdings in shares of Salisbury Bancorp by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,711 shares of the bank’s stock valued at $1,066,000 after buying an additional 490 shares in the last quarter. Kennedy Capital Management Inc. boosted its holdings in shares of Salisbury Bancorp by 1.0% in the 2nd quarter. Kennedy Capital Management Inc. now owns 23,758 shares of the bank’s stock valued at $975,000 after buying an additional 231 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Salisbury Bancorp by 3.7% in the 2nd quarter. LSV Asset Management now owns 6,400 shares of the bank’s stock valued at $265,000 after buying an additional 231 shares in the last quarter. 9.86% of the stock is currently owned by institutional investors.
Several brokerages have recently issued reports on SAL. Zacks Investment Research upgraded shares of Salisbury Bancorp from a “sell” rating to a “hold” rating in a report on Saturday. FIG Partners restated an “outperform” rating and issued a $51.00 target price (up previously from $48.50) on shares of Salisbury Bancorp in a report on Thursday, September 14th.
The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 10th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, November 9th. Salisbury Bancorp’s payout ratio is 46.67%.
In related news, Director Michael D. Gordon sold 892 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $45.25, for a total transaction of $40,363.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles M. Andola sold 800 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $45.66, for a total transaction of $36,528.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,357 shares of company stock valued at $107,614. Company insiders own 19.14% of the company’s stock.
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About Salisbury Bancorp
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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