Equity research analysts at StockNews.com initiated a hedge on the shares of Salisbury Bancorp (NASDAQ:SAL – Get a rating) in a research note released Saturday to investors. The brokerage has placed a “hold” rating on the bank’s shares.

Salisbury Bancorp shares fall 1.1%

Shares of NASDAQ SAL opened at $23.14 on Friday. The company’s fifty-day moving average price is $20.86 and its 200-day moving average price is $16.19. The stock has a market capitalization of $133.56 million, a PE ratio of 8.60 and a beta of 0.79. The company has a debt ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.90. Salisbury Bancorp has a one-year minimum of $22.50 and a one-year maximum of $29.95.

Salisbury Bancorp (NASDAQ:SAL – Get a rating) last released its quarterly earnings data on Wednesday, April 20. The bank reported earnings per share (EPS) of $0.31 for the quarter, missing analyst consensus estimates of $0.36 per ($0.05). The company posted revenue of $13.40 million for the quarter, compared to $13.80 million expected by analysts. Salisbury Bancorp had a return on equity of 11.40% and a net margin of 27.34%. On average, equity research analysts expect Salisbury Bancorp to post an EPS of 2.81 for the current year.

Insider buying and selling

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In related news, EVP Steven M. Essex sold 700 shares of the company in a trade that took place on Wednesday, June 8. The stock was sold at an average price of $52.12, for a total transaction of $36,484.00. Following the transaction, the executive vice president now directly owns 500 shares of the company, valued at approximately $26,060. The transaction was disclosed in an SEC filing, which is available via this hyperlink. 8.79% of the shares are held by company insiders.

Institutional entries and exits

A number of institutional investors and hedge funds have recently changed their positions in SAL. Janney Montgomery Scott LLC bought a new position in Salisbury Bancorp stock in Q4 valued at around $200,000. Maltese Capital Management LLC increased its stake in Salisbury Bancorp by 15.2% during the fourth quarter. Maltese Capital Management LLC now owns 5,760 shares of the bank valued at $316,000 after buying an additional 760 shares in the last quarter. Asset Dedication LLC bought a new position in Salisbury Bancorp during the first quarter worth $33,000. MCF Advisors LLC bought a new position in Salisbury Bancorp during the first quarter worth $25,000. Finally, FJ Capital Management LLC increased its stake in Salisbury Bancorp by 5.0% during the first quarter. FJ Capital Management LLC now owns 192,204 shares of the bank valued at $10,904,000 after purchasing an additional 9,204 shares in the last quarter. Hedge funds and other institutional investors own 23.11% of the company’s shares.

Salisbury Bancorp Company Profile

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Salisbury Bancorp, Inc operates as a bank 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 deposit products to individuals and businesses. The company also provides loans, such as residential and commercial real estate loans; building 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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