Other analysts also recently issued reports about the company. DA Davidson increased their price target on Salisbury Bancorp from $42.50 to $44.00 and gave the stock a neutral rating in a report on Tuesday, January 28th. Zacks Investment Research downgraded Salisbury Bancorp from a buy rating to a hold rating in a research note on Friday, January 31st.
Shares of NASDAQ:SAL opened at $44.95 on Monday. The firm has a market cap of $124.86 million, a P/E ratio of 11.47 and a beta of 0.47. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.43. Salisbury Bancorp has a 12-month low of $35.26 and a 12-month high of $49.85. The business has a fifty day simple moving average of $44.12 and a 200 day simple moving average of $41.11.
A number of hedge funds and other institutional investors have recently made changes to their positions in SAL. FNY Investment Advisers LLC bought a new position in Salisbury Bancorp in the 3rd quarter valued at about $202,000. Mutual Advisors LLC bought a new position in Salisbury Bancorp in the 4th quarter valued at about $227,000. Renaissance Technologies LLC bought a new position in Salisbury Bancorp in the 4th quarter valued at about $220,000. Resources Management Corp CT ADV bought a new position in Salisbury Bancorp in the 3rd quarter valued at about $151,000. Finally, Acadian Asset Management LLC lifted its position in Salisbury Bancorp by 269.9% in the 4th quarter. Acadian Asset Management LLC now owns 2,234 shares of the bank’s stock valued at $102,000 after acquiring an additional 1,630 shares in the last quarter. 9.07% of the stock is currently owned by institutional investors and hedge funds.
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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