Salisbury Bancorp, Inc. (NASDAQ:SAL) Sees Significant Increase in Short-Term Interest
Salisbury Bancorp, Inc. (NASDAQ: SAL – Get a rating) was the target of a significant increase in short interest during the month of October. As of October 15, there was short interest totaling 13,800 shares, an increase of 14.0% from the total of 12,100 shares as of September 30. Based on an average daily volume of 5,500 shares, the short interest ratio is currently 2.5 days.
Salisbury Bancorp Institutional Trading
Several institutional investors and hedge funds have recently changed their SAL holdings. MCF Advisors LLC bought a new position in Salisbury Bancorp during the first quarter worth approximately $25,000. Asset Dedication LLC bought a new position in Salisbury Bancorp during the first quarter, valued at around $33,000. Resources Management Corp CT ADV increased its stake in Salisbury Bancorp by 37.7% during 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 during the period. Focused Wealth Management Inc. increased its stake in Salisbury Bancorp by 116.8% during the third quarter. Focused Wealth Management Inc now owns 6,464 shares of the bank valued at $155,000 after purchasing an additional 3,482 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Salisbury Bancorp by 100.0% during the third quarter. Janney Montgomery Scott LLC now owns 9,244 shares of the bank valued at $221,000 after purchasing an additional 4,622 shares during the period. Institutional investors hold 12.74% of the company’s shares.
Salisbury Bancorp trades down 0.5%
Shares of Salisbury Bancorp stock on Friday, it fell $0.12 to $25.75. 4,123 shares of the company were traded, against an average volume of 4,232. The stock’s 50-day moving average price is $24.24 and its 200-day moving average price is $21.56. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt ratio of 0.23. Salisbury Bancorp has a 52-week minimum of $22.50 and a 52-week maximum of $29.95. The company has a market capitalization of $148.84 million, a PE ratio of 9.40 and a beta of 0.66.
Salisbury Bancorp announces dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, November 25. Shareholders of record on Friday, November 11 will receive a dividend of $0.16 per share. This represents an annualized dividend of $0.64 and a dividend yield of 2.49%. The ex-date of this dividend is Wednesday, November 9. Salisbury Bancorp’s dividend payout ratio is currently 23.36%.
Analyst upgrades and downgrades
Separately, StockNews.com began covering shares of Salisbury Bancorp in a research note on Friday. They set a “hold” rating for the company.
Salisbury Bancorp Company Profile
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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