Salisbury Bancorp (NASDAQ:SAL) Upgraded to Hold at ValuEngine
Separately, Zacks Investment Research downgraded shares of Salisbury Bancorp from a strong-buy rating to a hold rating in a research report on Wednesday, January 1st.
Shares of Salisbury Bancorp stock traded down $0.10 during trading on Thursday, hitting $43.55. The company’s stock had a trading volume of 1,882 shares, compared to its average volume of 1,458. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day simple moving average of $44.87 and a two-hundred day simple moving average of $40.36. The company has a market capitalization of $123.20 million, a PE ratio of 14.47 and a beta of 0.47. Salisbury Bancorp has a 52 week low of $35.26 and a 52 week high of $49.85.
A number of hedge funds have recently made changes to their positions in SAL. Vanguard Group Inc. boosted its holdings in shares of Salisbury Bancorp by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,587 shares of the bank’s stock valued at $685,000 after acquiring an additional 1,509 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Salisbury Bancorp during the 3rd quarter valued at about $202,000. Eidelman Virant Capital boosted its holdings in shares of Salisbury Bancorp by 4.7% during the 3rd quarter. Eidelman Virant Capital now owns 33,754 shares of the bank’s stock valued at $1,323,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Resources Management Corp CT ADV purchased a new stake in shares of Salisbury Bancorp during the 3rd quarter valued at about $151,000. 9.53% of the stock is currently owned by institutional investors.
About Salisbury Bancorp
Salisbury Bancorp, Inc operates as the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; commercial loans; and consumer loans, including home equity loans and lines of credit, and auto and personal installment loans.
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