News to Track: Salisbury Bancorp (NASDAQ:SAL)

Salisbury Bancorp (NASDAQ:SAL) spotted trading -11.99% off 52-week high price. On the other end, the stock has been noted 24.43% away from the low price over the last 52-weeks. The stock changed 0.52% to recent value of $43.88. The stock transacted 10396 shares during most recent day however it has an average volume of 3.77K shares. The company has 2.82M of outstanding shares and 2.45M shares were floated in the market.

On Jan. 24, 2020, Salisbury Bancorp (NASDAQ:SAL) the holding company for Salisbury Bank and Trust Company (the Bank), declared results for its fourth quarter and full year ended December 31, 2019.

Net income available to common shareholders was $3.0 million, or $1.06 per common share (basic), for Salisbury’s fourth quarter ended December 31, 2019 (fourth quarter 2019), compared with $2.9 million, or $1.06 per common share (basic), for the third quarter ended September 30, 2019 (third quarter 2019), and $2.5 million, or $0.91 per common share (basic), for the fourth quarter ended December 31, 2018 (fourth quarter 2018).

Results for the fourth quarter 2019 included a non-recurring non-taxable reduction in compensation expense of $328 thousand or $0.12 per common share (basic) related to a change in terms of agreements related to bank-owned life insurance policies (BOLI). The fourth quarter and full year 2019 also included FDIC assessment credits of $120 thousand and $240 thousand, respectively.  Results for the fourth quarter 2018 included a non-recurring non-taxable gain of $341 thousand or $0.12 per common share (basic) related to proceeds received from a BOLI policy due to the death of a covered former employee.

Salisbury’s President and Chief Executive Officer, Richard J. Cantele, Jr., stated, Despite challenging market conditions and a very competitive environment in 2019, we achieved strong financial results as evidenced by record earnings, an improved ROAA and a lower efficiency ratio. We prudently grew the Bank while also improving overall credit quality. We enter 2020 from a position of financial strength and are pleased to provide our shareholders with an increase in their dividend. We remain focused on maintaining credit quality and enhancing profitability, while continuing to provide outstanding customer service.

Its earnings per share (EPS) expected to touch remained 30.80% for this. SAL has an operating margin of 75.70% while its profit margin remained 24.20% for the last 12 months.

The price moved ahead of -0.83% from the mean of 20 days, 0.22% from mean of 50 days SMA and performed 8.61% from mean of 200 days price. Company’s performance for the week was 0.52%, -1.19% for month and YTD performance remained -3.93%.

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