Stock research analysts at began coverage of the shares of Salisbury Bank (NASDAQ: SALTget rating) in an investigative report issued Saturday. The company has placed a “hold” rating on the bank’s shares.

Salisbury Bancorp Price Performance

Actions of SALT shares opened at $27.01 on Friday. The firm has a debt-to-equity ratio of 0.23, a current ratio of 0.91, and a quick ratio of 0.91. The company’s 50 day moving average is $24.51 and its two hundred day moving average is $21.97. Salisbury Bancorp has a 12-month minimum of $22.50 and a 12-month maximum of $29.95. The company has a market capitalization of $156.23 million, a PE ratio of 9.86, and a beta of 0.68.

Institutional investors weigh in on Salisbury Bancorp

Several large investors have recently increased or decreased their holdings in SAL. MCF Advisors LLC purchased a new position in Salisbury Bancorp during the first quarter worth approximately $25,000. Asset Dedication LLC purchased a new stake in Salisbury Bancorp in the third quarter valued at $38,000. Resources Management Corp CT ADV increased its position in Salisbury Bancorp by 37.7% in the second quarter. Resources Management Corp CT ADV now owns 1,825 shares of the bank valued at $86,000 after buying an additional 500 shares last quarter. Focused Wealth Management Inc increased its position in Salisbury Bancorp by 116.8% in the third quarter. Focused Wealth Management Inc now owns 6,464 shares of the bank valued at $155,000 after buying an additional 3,482 shares last quarter. Finally, Janney Montgomery Scott LLC increased its position in Salisbury Bancorp by 100.0% in the third quarter. Janney Montgomery Scott LLC now owns 9,244 shares of the bank valued at $221,000 after buying an additional 4,622 shares last quarter. 12.74% of the shares are owned by hedge funds and other institutional investors.

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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