Salisbury Bancorp (SAL) Declares $0.16 Dividend
Salisbury Bancorp said on January 25, 2023 that its board of directors declared a regular quarterly dividend of $0.16 per share ($0.64 annualized). Shareholders of record as of February 9, 2023 will receive the payment on February 24, 2023. Previously, the company paid $0.16 per share.
At the most recent share price of $27.28 / share, the stock's dividend yield was 2.35%. Additionally, the company's dividend payout ratio is 0.23, indicating it is retaining a almost all of its earnings to reinvest in growth opportunities.
The company's 3-Year dividend growth rate is just 0.10%.
Analyst Price Forecast Suggests 23.39% Upside
As of January 30, 2023, the average one-year price target for Salisbury Bancorp is $33.66. The forecasts range from a low of $33.33 to a high of $34.65. The average price target represents an increase of 23.39% from its latest reported closing price of $27.28.
The projected annual revenue for Salisbury Bancorp is $44MM, a decrease of 19.28%. The projected annual EPS is $3.23, an increase of 17.53%.
Fund Sentiment
There are 78 funds or institutions reporting positions in Salisbury Bancorp. This is an increase of three owner(s) or 4.00%.
Average portfolio weight of all funds dedicated to US:SAL is 0.0437%, an increase of 4.6233%. Total shares owned by institutions increased in the last three months by 91.65% to 1,506K shares.
What are large shareholders doing?
FJ Capital Management holds 362,000 shares representing 6.26% ownership of the company. In it's prior filing, the firm reported owning 191,000 shares, representing an increase of 47.24%. The firm increased its portfolio allocation in SAL by 19.77% over the last quarter.
Alliancebernstein holds 188,350 shares representing 3.26% ownership of the company. In it's prior filing, the firm reported owning 66,701 shares, representing an increase of 64.59%. The firm increased its portfolio allocation in SAL by 28.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 154,640 shares representing 2.67% ownership of the company. In it's prior filing, the firm reported owning 77,320 shares, representing an increase of 50.00%. The firm increased its portfolio allocation in SAL by 5.78% over the last quarter.
Banc Funds Co holds 86,672 shares representing 1.50% ownership of the company. In it's prior filing, the firm reported owning 43,336 shares, representing an increase of 50.00%. The firm increased its portfolio allocation in SAL by 106.95% over the last quarter.
Eidelman Virant Capital holds 78,508 shares representing 1.36% ownership of the company. In it's prior filing, the firm reported owning 76,508 shares, representing an increase of 2.55%. The firm increased its portfolio allocation in SAL by 11.52% over the last quarter.
Salisbury Bancorp Background Information
(This description is provided by the company.)
Salisbury Bancorp, Inc. is the parent company of Salisbury Bank and Trust Company, a Connecticut chartered commercial bank serving the communities of northwestern Connecticut and proximate communities in New York and Massachusetts, since 1848, through a network of 14 full service branches in Litchfield County, Connecticut; Berkshire County, Massachusetts; and Dutchess, Orange, and Ulster Counties, New York. The Bank offers a broad spectrum of consumer and business banking products and services as well as trust and wealth advisory services.
This story originally appeared on Fintel.