starts covering Salisbury Bancorp (NASDAQ:SAL)

Stock market analysts at initiated a hedge on the shares of Salisbury Bancorp (NASDAQ:SAL – Get a rating) in a research note published Saturday. The brokerage has placed a “hold” rating on the bank’s shares.

Salisbury Bancorp share performance

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

Salisbury Bancorp (NASDAQ:SAL – Get a rating) last announced its results on Wednesday, July 20. The bank reported earnings per share (EPS) of $0.66 for the quarter, missing analyst consensus estimates of $0.72 per ($0.06). Salisbury Bancorp had a return on equity of 11.24% and a net margin of 25.89%. The company posted revenue of $14.17 million for the quarter, versus $13.80 million expected by analysts. Research analysts expect Salisbury Bancorp to post an EPS of 2.82 for the current financial year.

Institutional investors weigh in on Salisbury Bancorp

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

About Salisbury Bancorp

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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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