Salisbury Bancorp (NASDAQ:SAL) receives new coverage from StockNews.com analysts
Stock market analysts at StockNews.com began to cover the shares of Salisbury Bancorp (NASDAQ: SAL – Get a rating) in a research report delivered to clients and investors on Sunday. The brokerage has placed a “hold” rating on the bank’s shares.
Salisbury Bancorp share performance
Shares of Salisbury Bancorp stock opened at $28.75 on Friday. Salisbury Bancorp has a 52-week minimum of $22.50 and a 52-week maximum of $29.95. The company’s fifty-day simple moving average is $24.91 and its 200-day simple moving average is $22.53. The company has a market capitalization of $166.18 million, a PE ratio of 10.49 and a beta of 0.68. The company has a quick ratio of 0.91, a current ratio of 0.92 and a leverage ratio of 0.40.
Hedge funds weigh on Salisbury Bancorp
Several hedge funds have recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in Salisbury Bancorp in Q1 worth approximately $25,000. Asset Dedication LLC acquired a new stake in Salisbury Bancorp in Q3 valued at approximately $38,000. Magnolia Capital Management Ltd. raised its position in Salisbury Bancorp by 100.0% in Q3. Magnolia Capital Management Ltd. now owns 2,138 shares of the bank valued at $51,000 after purchasing an additional 1,069 shares last quarter. Resources Management Corp CT ADV raised its position in Salisbury Bancorp by 37.7% in the second quarter. Resources Management Corp CT ADV now owns 1,825 shares of the bank valued at $86,000 after buying 500 more shares in the last quarter. Finally, UBS Group AG increased its stake in Salisbury Bancorp shares by 240,550.0% in the third quarter. UBS Group AG now owns 4,813 shares in the bank valued at $115,000 after acquiring 4,811 additional shares in the last quarter. Institutional investors and hedge funds hold 12.74% of the company’s shares.
About Salisbury Bancorp
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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