Salisbury Bancorp, Inc. (NASDAQ:SAL) declared a quarterly dividend on Monday, July 31st, Wall Street Journal reports. Investors of record on Friday, August 11th will be paid a dividend of 0.28 per share by the bank on Friday, August 25th. This represents a $1.12 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, August 9th.
Salisbury Bancorp (SAL) opened at 42.50 on Friday. The company’s 50 day moving average is $42.23 and its 200 day moving average is $40.06. Salisbury Bancorp has a 12 month low of $30.05 and a 12 month high of $50.00. The stock has a market cap of $117.13 million, a PE ratio of 17.07 and a beta of 0.64.
Salisbury Bancorp (NASDAQ:SAL) last posted its earnings results on Friday, July 28th. The bank reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. The firm had revenue of $9.72 million during the quarter, compared to analysts’ expectations of $10.30 million. Salisbury Bancorp had a net margin of 15.96% and a return on equity of 7.28%. On average, analysts anticipate that Salisbury Bancorp will post $2.52 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Salisbury Bancorp from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Thursday, August 3rd. FIG Partners assumed coverage on shares of Salisbury Bancorp in a report on Tuesday, June 6th. They set an “outperform” rating and a $48.00 target price for the company. Finally, ValuEngine raised shares of Salisbury Bancorp from a “hold” rating to a “buy” rating in a report on Friday, June 9th.
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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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