StockNews.com starts covering Salisbury Bancorp (NASDAQ:SAL)

StockNews.com equity research analysts have begun covering stocks of Salisbury Bancorp (NASDAQ:SAL – Get an assessment) in a research report released Saturday. The company has placed a “hold” rating on the bank’s shares.

Salisbury Bancorp price performance

Shares of SAL opened at $27.01 on Friday. The company has a debt ratio of 0.23, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day moving average is $24.51 and its two-hundred-day moving average is $21.97. Salisbury Bancorp has a 12-month low of $22.50 and a 12-month high of $29.95. The company has a market capitalization of $156.23 million, a PE ratio of 9.86 and a beta of 0.68.

Institutional investors weigh in on Salisbury Bancorp

Several large investors have recently increased or reduced their stake in SAL. MCF Advisors LLC acquired a new position in Salisbury Bancorp during Q1 worth approximately $25,000. Asset Dedication LLC bought a new stake in Salisbury Bancorp in Q3 for $38,000. 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 an additional 500 shares in the last quarter. Focused Wealth Management Inc. increased its position in Salisbury Bancorp by 116.8% in Q3. Focused Wealth Management Inc now owns 6,464 shares of the bank valued at $155,000 after buying 3,482 additional shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Salisbury Bancorp by 100.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,244 shares of the bank valued at $221,000 after purchasing an additional 4,622 shares in the last quarter. 12.74% of the shares are held by hedge funds and other 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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