Salisbury Bancorp
Market Cap
US$108.3m
Last Updated
2019/10/16 23:41 UTC
Data Sources
Company Financials +
Executive Summary
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.
Snowflake
Fundamentals
Flawless balance sheet and fair value.
Share Price & News
How has Salisbury Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.3%
SAL
4.8%
US Banks
2.3%
US Market
1 Year Return
-9.8%
SAL
0.04%
US Banks
5.6%
US Market
Return vs Industry: SAL underperformed the US Banks industry which returned 0% over the past year.
Return vs Market: SAL underperformed the US Market which returned 5.6% over the past year.
Shareholder returns
| SAL | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | 4.8% | 2.3% |
| 30 Day | -1.7% | -0.5% | -1.0% |
| 90 Day | 0.7% | 2.0% | -0.7% |
| 1 Year | -7.2%-9.8% | 2.9%0.04% | 7.9%5.6% |
| 3 Year | 29.0%18.7% | 51.5%41.1% | 45.6%36.3% |
| 5 Year | 63.2%39.3% | 70.9%52.3% | 65.8%47.6% |
Price Volatility Vs. Market
How volatile is Salisbury Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Kind Of Shareholder Owns Most Salisbury Bancorp, Inc. (NASDAQ:SAL) Stock?1 month ago | Simply Wall St
Read This Before You Buy Salisbury Bancorp, Inc. (NASDAQ:SAL) Because Of Its P/E Ratio1 month ago | Simply Wall St
Insider Buying: The Salisbury Bancorp, Inc. (NASDAQ:SAL) Chairman Just Bought US$50k Worth Of SharesValuation
Is Salisbury Bancorp undervalued compared to its fair value and its price relative to the market?
10.72x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: SAL ($38.34) is trading above our estimate of fair value ($33.23)
Significantly Undervalued: SAL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAL is good value based on its PE Ratio (10.7x) compared to the Banks industry average (12.6x).
PE vs Market: SAL is good value based on its PE Ratio (10.7x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: SAL is poor value based on its PEG Ratio (9.7x)
Price to Book Ratio
PB vs Industry: SAL is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Salisbury Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
1.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAL's forecast earnings growth (1.1% per year) is below the savings rate (2.7%).
Earnings vs Market: SAL's earnings (1.1% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: SAL's earnings are forecast to grow, but not significantly.
Revenue vs Market: SAL's revenue is expected to decline over the next 3 years (-6.1% per year).
High Growth Revenue: SAL's revenue is forecast to decline over the next 3 years (-6.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if SAL's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Salisbury Bancorp performed over the past 5 years?
15.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SAL's earnings have grown by 15.5% per year over the past 5 years.
Accelerating Growth: SAL's earnings growth over the past year (50%) exceeds its 5-year average (15.5% per year).
Earnings vs Industry: SAL earnings growth over the past year (50%) exceeded the Banks industry 31.8%.
Return on Equity
High ROE: SAL's Return on Equity (9.2%) is considered low.
Return on Assets
ROA vs Industry: SAL's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate SAL's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is Salisbury Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SAL has a low level of unsold assets or inventory.
Debt Coverage by Assets: SAL's debt is covered by short term assets (assets are 1.072550x debt).
Financial Institutions Analysis
Asset Level: SAL's level of assets compared to its equity is moderate.
Allowance for Bad Loans: SAL has a sufficient allowance for bad loans.
Low Risk Liabilities: SAL's liabilities are made up of primarily low risk sources of funding.
Loan Level: SAL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SAL's loans are broadly funded by customer deposits.
Level of Bad Loans: SAL has an appropriate level of bad loans (0.55%)
Next Steps
Dividend
What is Salisbury Bancorp's current dividend yield, its reliability and sustainability?
2.92%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SAL's dividend (2.92%) is higher than the bottom 25% of dividend payers in the US market (1.46%).
High Dividend: SAL's dividend (2.92%) is low compared to the top 25% of dividend payers in the US market (3.76%).
Stable Dividend: SAL's dividends per share have been stable in the past 10 years.
Growing Dividend: SAL's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.3%), SAL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Salisbury Bancorp's salary, the management and board of directors tenure and is there insider trading?
4.8yrs
Average management tenure
CEO
Rick Cantele (59yo)
10.3yrs
Tenure
US$669,918
Compensation
Mr. Richard J. Cantele, Jr., also known as Rick has been the Chief Executive Officer of Salisbury BanCorp. Inc., and Salisbury Bank & Trust Company since June 8, 2009 and has been its President since Janua ...
CEO Compensation Analysis
Compensation vs. Market: Rick's total compensation ($USD669.92K) is about average for companies of similar size in the US market ($USD493.00K).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
Management Age and Tenure
4.8yrs
Average Tenure
56yo
Average Age
Experienced Management: SAL's management team is considered experienced (4.8 years average tenure).
Board Age and Tenure
7.1yrs
Average Tenure
73.5yo
Average Age
Experienced Board: SAL's board of directors are considered experienced (7.1 years average tenure).
Insider Trading
Insider Buying: SAL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 450 |
| Max Price | US$39.00 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP |
| Shares | 500 |
| Max Price | US$39.87 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 1,300 |
| Max Price | US$38.58 |
| Entity | Individual |
| Shares | 500 |
| Max Price | US$38.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,250 |
| Max Price | US$43.00 |
Ownership Breakdown
Management Team
Rick Cantele (59yo)
President
- Tenure: 10.3yrs
- Compensation: US$669.92k
John Davies (56yo)
President of NY Region & Chief Lending Officer
- Tenure: 4.8yrs
- Compensation: US$598.67k
Shelly Humeston
Senior VP & Secretary
- Tenure: 0yrs
Peter Albero (54yo)
Executive VP
- Tenure: 2yrs
- Compensation: US$333.93k
Board Members
John Perotti (72yo)
Director
- Tenure: 21.8yrs
- Compensation: US$49.80k
Holly Nelson (65yo)
Director
- Tenure: 21.8yrs
- Compensation: US$23.28k
Nancy Humphreys (77yo)
Director
- Tenure: 18.8yrs
- Compensation: US$28.81k
Dave Farrell (64yo)
Chairman
- Tenure: 0.4yrs
- Compensation: US$27.26k
Rick Cantele (59yo)
President
- Tenure: 10.3yrs
- Compensation: US$669.92k
Arthur Bassin (74yo)
Director
- Tenure: 9.3yrs
- Compensation: US$29.33k
Chuck Andola (75yo)
Director
- Tenure: 4.8yrs
- Compensation: US$24.91k
Michael Gordon (73yo)
Director
- Tenure: 4.8yrs
- Compensation: US$21.01k
Polly Hoe (74yo)
Director
- Tenure: 4.8yrs
- Compensation: US$21.91k
George Banta (83yo)
Director
- Tenure: 4.8yrs
- Compensation: US$20.83k
Company Information
Salisbury Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Salisbury Bancorp, Inc.
- Ticker: SAL
- Exchange: NasdaqCM
- Founded: 1848
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$108.262m
- Shares outstanding: 2.82m
- Website: https://www.salisburybank.com
Location
- Salisbury Bancorp, Inc.
- 5 Bissell Street
- PO Box 1868
- Lakeville
- Connecticut
- 6039
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SAL | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jan 1975 |
Biography
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 service ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:41 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.