Salisbury Bancorp (NASDAQ:SAL) coverage launched on initiated a hedge on the shares of Salisbury Bancorp (NASDAQ:SAL – Get a rating) in a research report published on Monday. The brokerage has placed a “hold” rating on the bank’s shares.

Separately, Zacks Investment Research upgraded Salisbury Bancorp from a ‘hold’ rating to a ‘sell’ rating in a Wednesday April 27 research report.

Salisbury Bancorp shares opened at $52.61 on Monday. The company’s fifty-day moving average price is $28.77 and its two-hundred-day moving average price is $27.60. The company has a market capitalization of $151.83 million, a PE ratio of 9.78 and a beta of 0.76. The company has a debt ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.90. Salisbury Bancorp has a 52-week low of $46.13 and a 52-week high of $59.90.

Salisbury Bancorp shares are set to split before market open on Friday July 1. The 2-1 split was announced on Friday July 1. The newly created shares will be delivered to shareholders after the closing bell on Friday July 1.

Salisbury Bancorp (NASDAQ:SAL – Get a rating) last announced its quarterly results on Wednesday, April 20. The bank reported earnings per share (EPS) of $0.62 for the quarter, missing the consensus estimate of $0.73 per ($0.11). The company posted revenue of $13.40 million for the quarter, versus analyst estimates of $13.80 million. Salisbury Bancorp had a net margin of 27.34% and a return on equity of 11.48%. Analysts predict Salisbury Bancorp will post earnings per share of 5.61 for the current financial year.

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Hedge funds have recently been buying and selling stocks. Renaissance Technologies LLC increased its equity stake in Salisbury Bancorp by 2.6% in the fourth quarter. Renaissance Technologies LLC now owns 11,700 shares of the bank worth $643,000 after buying 300 more shares in the last quarter. Morgan Stanley increased its stake in shares of Salisbury Bancorp by 2.3% during the second quarter. Morgan Stanley now owns 18,335 shares of the bank valued at $932,000 after buying 414 more shares in the last quarter. MCF Advisors LLC purchased a new stake in Salisbury Bancorp during the first quarter for $25,000. Asset Dedication LLC purchased a new stake in Salisbury Bancorp during the first quarter for $33,000. Finally, State Street Corp increased its stake in Salisbury Bancorp by 7.9% during the fourth quarter. State Street Corp now owns 9,533 shares of the bank worth $504,000 after purchasing an additional 699 shares during the period. 23.11% of the shares are held by institutional investors.

Salisbury Bancorp Company Profile (Get a rating)

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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