Salisbury Bancorp, Inc. (NASDAQ:SAL) Sees Significant Short-Term Interest Growth

Salisbury Bancorp, Inc. (NASDAQ: SAL – Get a rating) saw strong growth in short-term interest during the month of May. As of May 31, there were short interests totaling 4,700 shares, up 42.4% from the May 15 total of 3,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 2,500 shares, the short interest ratio is currently 1.9 days.

Salisbury Bancorp’s stock traded down $0.13 during Wednesday’s trading, hitting $51.68. 689 shares of the company were traded, against an average volume of 2,635. The company’s 50-day moving average is $32.10 and its two-hundred-day moving average is $28.86. The company has a debt ratio of 0.23, a quick ratio of 0.90 and a current ratio of 0.90. Salisbury Bancorp has a 52-week low of $46.13 and a 52-week high of $59.90. The company has a market capitalization of $149.15 million, a price-earnings ratio of 9.61 and a beta of 0.76.

Shares of Salisbury Bancorp will split on Friday July 1. The 2-1 split was announced on Friday July 1. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 1.

Salisbury Bancorp (NASDAQ:SAL – Get a rating) last released its results on Wednesday, April 20. The bank reported EPS of $0.62 for the quarter, missing the consensus estimate of $0.73 per ($0.11). Salisbury Bancorp had a return on equity of 11.40% and a net margin of 27.34%. The company posted revenue of $13.40 million in the quarter, versus a consensus estimate of $13.80 million. Analysts expect Salisbury Bancorp to post an EPS of 5.61 for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.16. This represents an annualized dividend of $0.64 and a yield of 1.24%. The ex-dividend date was Thursday, May 12. Salisbury Bancorp’s dividend payout ratio (DPR) is 23.79%.

In other news from Salisbury Bancorp, EVP Steven M. Essex sold 700 shares of the company in a trade on Wednesday, June 8. The stock was sold at an average price of $52.12, for a total value of $36,484.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company, valued at approximately $26,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Insiders hold 8.79% of the shares of the company.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAL. MCF Advisors LLC bought a new position in Salisbury Bancorp in Q1 worth around $25,000. Asset Dedication LLC bought a new position in Salisbury Bancorp in Q1 worth around $33,000. Magnolia Capital Management Ltd. bought a new position in Salisbury Bancorp in Q4 worth around $59,000. Royal Bank of Canada increased its position in Salisbury Bancorp by 1,007.3% in the third quarter. Royal Bank of Canada now owns 1,517 shares of the bank worth $77,000 after buying an additional 1,380 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Salisbury Bancorp in Q4 worth around $200,000. Hedge funds and other institutional investors own 23.11% of the company’s shares.

Separately, supposed coverage of Salisbury Bancorp shares in a Tuesday research note. They set a “hold” rating for the company.

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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