Salisbury Bancorp, Inc. (NASDAQ:SAL) Announces $0.28 Quarterly Dividend

Salisbury Bancorp, Inc. (NASDAQ:SAL) announced a quarterly dividend on Friday, October 25th, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.28 per share by the bank on Friday, November 29th. This represents a $1.12 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Thursday, November 14th.

NASDAQ SAL traded up $0.33 on Tuesday, reaching $40.51. The company’s stock had a trading volume of 100 shares, compared to its average volume of 3,507. Salisbury Bancorp has a twelve month low of $33.20 and a twelve month high of $44.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $115.32 million, a PE ratio of 13.46 and a beta of 0.39. The firm’s 50 day moving average is $39.03 and its two-hundred day moving average is $38.71.

Salisbury Bancorp (NASDAQ:SAL) last issued its quarterly earnings results on Friday, October 25th. The bank reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.22. Salisbury Bancorp had a net margin of 19.95% and a return on equity of 9.67%. The company had revenue of $10.29 million during the quarter, compared to the consensus estimate of $10.94 million. Equities research analysts anticipate that Salisbury Bancorp will post 3.82 EPS for the current fiscal year.

In related news, Director David B. Farrell acquired 1,300 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $38.58 per share, for a total transaction of $50,154.00. Following the transaction, the director now owns 2,600 shares of the company’s stock, valued at $100,308. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 13.23% of the stock is currently owned by corporate insiders.

SAL has been the subject of several recent research reports. DA Davidson reissued a “neutral” rating on shares of Salisbury Bancorp in a research note on Wednesday, September 11th. ValuEngine lowered shares of Salisbury Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, Zacks Investment Research raised shares of Salisbury Bancorp from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Wednesday, October 30th.

Salisbury Bancorp Company Profile

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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Dividend History for Salisbury Bancorp (NASDAQ:SAL)

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