Salisbury Bancorp, Inc. (NASDAQ: SALT – get rating) experienced strong growth in short interest during the month of May. As of May 31, there was short interest on a total of 4,700 shares, a growth of 42.4% from the May 15 total of 3,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 2,500 shares, the short-term interest rate is currently 1.9 days.
Salisbury Bancorp shares traded down $0.13 during trading on Wednesday, hitting $51.68. 689 shares of the company’s capital stock were exchanged, compared to its average volume of 2,635. The company’s 50 day moving average is $32.10 and its two hundred day moving average is $28.86. The firm has a debt-to-equity ratio of 0.23, a quick ratio of 0.90, and a current ratio of 0.90. Salisbury Bancorp has a 52-week minimum of $46.13 and a 52-week maximum of $59.90. The company has a market capitalization of $149.15 million, a price-earnings ratio of 9.61, and a beta of 0.76.
Salisbury Bancorp shares will split on Friday, July 1. The 2-1 split was announced on Friday, July 1. The newly issued shares will be delivered to shareholders after the closing bell on Friday, July 1.
Salisbury Bancorp (NASDAQ: SALT – get rating) last posted its earnings results on Wednesday, April 20. The bank reported $0.62 EPS for the quarter, missing the consensus estimate of $0.73 per ($0.11). Salisbury Bancorp had a return on equity of 11.40% and a net margin of 27.34%. The company had revenue of $13.40 million during the quarter, compared to the consensus estimate of $13.80 million. Analysts anticipate that Salisbury Bancorp will post 5.61 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday May 13 received a dividend of $0.16. This represents an annualized dividend of $0.64 and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, May 12. Salisbury Bancorp’s dividend payout ratio (DPR) is 23.79%.
In other Salisbury Bancorp news, EVP steven m essex sold 700 shares of the company’s capital stock in a transaction on Wednesday, June 8. The share was sold at an average price of $52.12, for a total value of $36,484.00. After completing the transaction, the executive vice president now directly owns 500 shares in the company, valued at approximately $26,060. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this hyperlink. Insiders own 8.79% of the company’s shares.
Various hedge funds and other institutional investors have recently bought and sold shares of SAL. MCF Advisors LLC purchased a new position in Salisbury Bancorp in the first quarter for approximately $25,000. Asset Dedication LLC purchased a new position in Salisbury Bancorp in the first quarter for approximately $33,000. Magnolia Capital Management Ltd. purchased a new position in Salisbury Bancorp in the fourth quarter for approximately $59,000. Royal Bank of Canada increased its position in Salisbury Bancorp by 1,007.3% in the third quarter. Royal Bank of Canada now owns 1,517 shares of the bank worth $77,000 after buying an additional 1,380 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Salisbury Bancorp in the fourth quarter for approximately $200,000. Hedge funds and other institutional investors own 23.11% of the company’s shares.
Separately, StockNews.com assumed coverage of Salisbury Bancorp shares in a research note on Tuesday. They set a “hold” rating for the company.
Salisbury Bancorp Company Profile (get rating)
Salisbury Bancorp, Inc operates as the banking holding company for Salisbury Bank and Trust Company which provides commercial banking, consumer finance, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also offers loans, such as residential and commercial real estate loans; construction loans; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, secured loans, and auto and personal installment loans.
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