Salisbury Bancorp stock set to split on Friday July 1 (NASDAQ:SAL)

Shares of Salisbury Bancorp, Inc. (NASDAQ:SAL – Get Rating) are scheduled to split on the morning of Friday, July 1. The 2-1 split was announced on Friday July 1. The newly issued shares will be payable to shareholders after the closing bell on Friday July 1.

Shares of NASDAQ SAL opened at $51.68 on Wednesday. Salisbury Bancorp has a 52-week low of $46.13 and a 52-week high of $59.90. The company has a 50-day simple moving average of $32.10 and a two-hundred-day simple moving average of $28.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt ratio of 0.23. The company has a market capitalization of $149.15 million, a P/E ratio of 9.61 and a beta of 0.76.

Salisbury Bancorp (NASDAQ:SAL – Get Rating) last released its quarterly results on Wednesday April 20. The bank reported earnings per share (EPS) of $0.62 for the quarter, missing analyst consensus estimates of $0.73 per ($0.11). The company posted revenue of $13.40 million for the quarter, versus a consensus estimate of $13.80 million. Salisbury Bancorp had a net margin of 27.34% and a return on equity of 11.40%. Equity research analysts expect Salisbury Bancorp to post EPS of 5.61 for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.16 per share. The ex-dividend date was Thursday, May 12. This represents a dividend of $0.64 on an annualized basis and a dividend yield of 1.24%. Salisbury Bancorp’s dividend payout ratio (DPR) is currently 23.79%.

Separately, began covering Salisbury Bancorp in a research report on Tuesday. They set a “holding” rating for the company.

Separately, Executive Vice President 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 value of $36,484.00. Following the completion of the sale, the executive vice president now owns 500 shares of the company, valued at approximately $26,060. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Insiders hold 8.79% of the shares of the company.

A number of large investors have recently increased or reduced their stake in SAL. MCF Advisors LLC bought a new stake in Salisbury Bancorp in Q1 worth approximately $25,000. Asset Dedication LLC bought a new position in Salisbury Bancorp in Q1 worth around $33,000. Magnolia Capital Management Ltd. bought a new position in Salisbury Bancorp in Q4 worth around $59,000. Royal Bank of Canada increased its stake 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 purchasing an additional 1,380 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Salisbury Bancorp in Q4 worth around $200,000. Institutional investors hold 23.11% of the company’s shares.

Salisbury Bancorp Company Profile (Get an evaluation)

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.

Read more

Get news and reviews for Salisbury Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Salisbury Bancorp and related companies with’s FREE daily email newsletter.

Comments are closed.