equity analysts at StockNews.com initiated coverage of shares of Salisbury Bancorp (NASDAQ: SAL- received rating) in a research note published on Saturday. The brokerage firm gave the bank’s shares a “hold” rating.

Salisbury Bancorp stock performance

Salisbury Bancorp shares opened at $23.50 on Friday. The company has a market cap of $135.92 million, a P/E of 9.07 and a beta of 0.72. Salisbury Bancorp has a 52-week low of $22.50 and a 52-week high of $29.95. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt to equity ratio of 0.23. The company’s 50-day moving average is $23.59 and its 200-day moving average is $18.95.

Salisbury Bancorp (NASDAQ: SAL- received rating) last announced its earnings results on Wednesday, July 20th. The bank reported earnings per share (EPS) of $0.66 for the quarter, missing analyst consensus estimates of $0.72 ($0.06). Salisbury Bancorp had a return on equity of 11.24% and a net margin of 25.89%. The company had revenue of $14.17 million for the quarter, compared to analysts’ expectations of $13.80 million. Research analysts are forecasting that Salisbury Bancorp will post 2.82 EPS for the current fiscal year.

Institutional investors rely on Salisbury Bancorp

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A number of hedge funds and other institutional investors have recently bought and sold shares in the company. State Street Corp added 4.0% to its stake in Salisbury Bancorp in the second quarter. State Street Corp now owns 11,277 shares of the bank, valued at $532,000, after purchasing an additional 432 shares during the period. MCF Advisors LLC acquired a new $25,000 stake in Salisbury Bancorp during the first quarter. Resources Management Corp CT ADV added 37.7% to its stake in Salisbury Bancorp in the second quarter. Resources Management Corp CT ADV now owns 1,825 shares of the bank, valued at $86,000, having purchased an additional 500 shares during the period. Asset Dedication LLC acquired a new $33,000 stake in Salisbury Bancorp during the first quarter. Finally, Renaissance Technologies LLC increased its stake in Salisbury Bancorp by 6.0% during the second quarter. Renaissance Technologies LLC now owns 12,300 shares of the bank, valued at $581,000, having purchased an additional 700 shares during the period. Institutional investors and hedge funds own 12.74% of the company’s shares.

About 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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