Salisbury Bancorp, Inc. (NASDAQ:SAL) Short Interest Update
Salisbury Bancorp, Inc. (NASDAQ: SAL- received rating) saw short interest rates rise sharply in the month of May. As of May 31st, there was short interest totaling 4,700 shares, a 42.4% increase from the May 15th total of 3,300 shares. Based on an average daily volume of 2,500 shares, the short interest ratio is currently 1.9 days. Currently, 0.2% of the company’s shares are shorted.
Separately, StockNews.com began coverage of Salisbury Bancorp shares in a research note on Tuesday. They gave the stock a “hold” rating.
Shares of SAL opened at $50.90 on Friday. The company has a leverage ratio of 0.23, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $147.10 million, a P/E of 9.46 and a beta of 0.76. The company has a 50-day moving average price of $33.02 and a 200-day moving average price of $29.19. Salisbury Bancorp has a 52-week low of $46.13 and a 52-week high of $59.90.
Salisbury Bancorp shares will be split before the market opens on Friday July 1st. The 2-1 split was announced on Friday July 1st. The newly created shares will be distributed to shareholders after market close on Friday, July 1st.
Salisbury Bancorp (NASDAQ: SAL- received rating) last announced its quarterly earnings data on Wednesday, April 20th. The bank reported earnings per share of $0.62 for the quarter, missing analyst consensus estimates of $0.73 ($0.11). Salisbury Bancorp had a net margin of 27.34% and a return on equity of 11.48%. The company had revenue of $13.40 million for the quarter, compared to analyst estimates of $13.80 million. On average, research analysts forecast that Salisbury Bancorp will post 5.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, May 27th. A dividend of $0.16 per share was paid to shareholders of record on Friday, May 13. That equates to an annualized dividend of $0.64 and a yield of 1.26%. The ex-dividend date of this dividend was Thursday May 12th. Salisbury Bancorp’s Dividend Payout Ratio (DPR) is currently 23.79%.
In other news from Salisbury Bancorp, EVP Steven M Essex sold 700 shares of Salisbury Bancorp in a transaction on Wednesday June 8th. The shares were 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 $26,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.79% of the shares are owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of SAL. Morgan Stanley increased its stake in Salisbury Bancorp by 2.3% in the second quarter. Morgan Stanley now owns 18,335 shares of the bank, valued at $932,000, after purchasing an additional 414 shares last quarter. Millennium Management LLC purchased a new position in Salisbury Bancorp stock valued at $438,000 during the second quarter. Geode Capital Management LLC increased its ownership of Salisbury Bancorp shares by 6.9% in the third quarter. Geode Capital Management LLC now owns 23,149 shares of the bank, valued at $1,215,000, after purchasing an additional 1,491 shares last quarter. The Royal Bank of Canada increased its holdings of Salisbury Bancorp shares by 1,007.3% in the third quarter. The Royal Bank of Canada now owns 1,517 shares of the bank, valued at $77,000, after buying another 1,380 shares last quarter. Finally, Maltese Capital Management LLC acquired a new position in Salisbury Bancorp stock valued at $254,000 during the third quarter. Institutional investors own 23.11% of the company’s shares.
Company Profile of Salisbury Bancorp (received rating)
Salisbury Bancorp, Inc acts as the 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 insole products for private and commercial customers. The company also offers loans such as B. Loans for residential and commercial real estate; home loan; working capital loans; equipment loan; and consumer loans, including home loans and lines of credit, collateral loans, and auto and personal installment loans.
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