DA Davidson Reiterates Neutral Rating for Salisbury Bancorp (NASDAQ:SAL)
Salisbury Bancorp (NASDAQ:SAL)‘s stock had its “neutral” rating restated by analysts at DA Davidson in a report issued on Wednesday, Zacks.com reports.
Separately, ValuEngine downgraded shares of Salisbury Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
Shares of NASDAQ:SAL traded up $0.33 during trading on Wednesday, hitting $39.30. 103 shares of the company were exchanged, compared to its average volume of 2,056. The business’s 50 day moving average is $37.72 and its 200-day moving average is $39.59. The company has a market capitalization of $110.13 million, a P/E ratio of 13.06 and a beta of 0.43. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.39. Salisbury Bancorp has a 1-year low of $33.20 and a 1-year high of $44.69.
In related news, Director David B. Farrell acquired 1,300 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $38.58 per share, for a total transaction of $50,154.00. Following the completion of the acquisition, the director now directly owns 2,600 shares of the company’s stock, valued at approximately $100,308. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 13.23% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of SAL. Vanguard Group Inc. boosted its position in Salisbury Bancorp by 9.4% during the second quarter. Vanguard Group Inc. now owns 17,587 shares of the bank’s stock valued at $685,000 after acquiring an additional 1,509 shares during the last quarter. Southside Capital LLC bought a new stake in Salisbury Bancorp during the second quarter valued at $162,000. Finally, Eidelman Virant Capital boosted its position in Salisbury Bancorp by 3.2% during the second quarter. Eidelman Virant Capital now owns 32,254 shares of the bank’s stock valued at $1,257,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 8.51% of the company’s stock.
About Salisbury Bancorp
Salisbury Bancorp, Inc operates as the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; commercial loans; and consumer loans, including home equity loans and lines of credit, and auto and personal installment loans.
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