Salisbury Bancorp
Market Cap
US$90.3m
Last Updated
2020/09/26 06:17 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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 6.2% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet, good value and pays a dividend.
Share Price & News
How has Salisbury Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-10.9%
SAL
-7.1%
US Banks
-2.4%
US Market
1 Year Return
-18.0%
SAL
-31.9%
US Banks
12.0%
US Market
Return vs Industry: SAL exceeded the US Banks industry which returned -31.9% over the past year.
Return vs Market: SAL underperformed the US Market which returned 12% over the past year.
Shareholder returns
| SAL | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.9% | -7.1% | -2.4% |
| 30 Day | -9.8% | -8.4% | -6.5% |
| 90 Day | -18.1% | -3.4% | 8.4% |
| 1 Year | -15.5%-18.0% | -29.5%-31.9% | 14.5%12.0% |
| 3 Year | -24.4%-30.4% | -23.2%-29.5% | 34.8%25.8% |
| 5 Year | 30.1%12.0% | 13.8%-0.1% | 82.1%61.6% |
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
Our View On Salisbury Bancorp's (NASDAQ:SAL) CEO Pay1 month ago | Simply Wall St
Salisbury Bancorp (NASDAQ:SAL) Could Be A Buy For Its Upcoming Dividend2 months ago | Simply Wall St
Salisbury Bancorp, Inc. (NASDAQ:SAL) Analysts Just Trimmed Their Revenue Forecasts By 10%Valuation
Is Salisbury Bancorp undervalued compared to its fair value and its price relative to the market?
37.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SAL ($32.39) is trading below our estimate of fair value ($52.08)
Significantly Below Fair Value: SAL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SAL is good value based on its PE Ratio (8.5x) compared to the US Banks industry average (9.3x).
PE vs Market: SAL is good value based on its PE Ratio (8.5x) compared to the US market (17.5x).
Price to Earnings Growth Ratio
PEG Ratio: SAL's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: SAL's PB Ratio (0.8x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is Salisbury Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-6.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAL's earnings are forecast to decline over the next 3 years (-6.2% per year).
Earnings vs Market: SAL's earnings are forecast to decline over the next 3 years (-6.2% per year).
High Growth Earnings: SAL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SAL's revenue (1.7% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: SAL's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
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?
11.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAL has high quality earnings.
Growing Profit Margin: SAL's current net profit margins (25.9%) are higher than last year (23.8%).
Past Earnings Growth Analysis
Earnings Trend: SAL's earnings have grown by 11.3% per year over the past 5 years.
Accelerating Growth: SAL's earnings growth over the past year (6.8%) is below its 5-year average (11.3% per year).
Earnings vs Industry: SAL earnings growth over the past year (6.8%) exceeded the Banks industry -3%.
Return on Equity
High ROE: SAL's Return on Equity (9.1%) is considered low.
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
Financial Institutions Analysis
Asset Level: SAL's Assets to Equity ratio (10.9x) is moderate.
Allowance for Bad Loans: SAL has a sufficient allowance for bad loans (257%).
Low Risk Liabilities: 93% of SAL's liabilities are made up of primarily low risk sources of funding.
Loan Level: SAL has an appropriate level of Loans to Assets ratio (81%).
Low Risk Deposits: SAL's Loans to Deposits ratio (96%) is appropriate.
Level of Bad Loans: SAL has an appropriate level of bad loans (0.5%).
Next Steps
Dividend
What is Salisbury Bancorp current dividend yield, its reliability and sustainability?
3.58%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SAL's dividend (3.58%) is higher than the bottom 25% of dividend payers in the US market (1.75%).
High Dividend: SAL's dividend (3.58%) is low compared to the top 25% of dividend payers in the US market (4.99%).
Stability and Growth of Payments
Stable Dividend: SAL's dividends per share have been stable in the past 10 years.
Growing Dividend: SAL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.3%), 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
How experienced are the management team and are they aligned to shareholders interests?
5.8yrs
Average management tenure
CEO
Rick Cantele (60 yo)
11.25yrs
Tenure
US$837,404
Compensation
Mr. Richard J. Cantele, Jr., also known as Rick has been the Chief Executive Officer of Salisbury BanCorp. Inc., and Salisbury Bank & Trust Company since June 8, 2009 and has been its President since Janua ...
CEO Compensation Analysis
Compensation vs Market: Rick's total compensation ($USD837.40K) is above average for companies of similar size in the US market ($USD606.53K).
Compensation vs Earnings: Rick's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.25yrs | US$837.40k | 0.97% $ 878.6k | |
| Executive VP | 2.92yrs | US$463.62k | 0.23% $ 209.2k | |
| President of NY Region & Chief Lending Officer of Salisbury Bank | 5.75yrs | US$501.20k | 0.50% $ 448.6k | |
| Senior VP & Secretary | no data | no data | no data |
5.8yrs
Average Tenure
57yo
Average Age
Experienced Management: SAL's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.25yrs | US$837.40k | 0.97% $ 878.6k | |
| Independent Director | 22.67yrs | US$64.71k | 0.58% $ 521.8k | |
| Independent Director | 0.83yr | no data | 0.044% $ 39.3k | |
| Independent Director | 22.67yrs | US$38.69k | 0.18% $ 159.2k | |
| Independent Director | 19.67yrs | US$42.71k | 0.28% $ 255.6k | |
| Independent Chairman | 1.33yrs | US$50.55k | 0.25% $ 227.1k | |
| Independent Director | 10.25yrs | US$45.51k | 0.59% $ 534.1k | |
| Independent Director | 5.75yrs | US$38.49k | 0.94% $ 849.3k | |
| Independent Director | 0.83yr | no data | 0.016% $ 14.6k | |
| Independent Director | 5.75yrs | US$35.96k | 2.55% $ 2.3m |
8.0yrs
Average Tenure
69.5yo
Average Age
Experienced Board: SAL's board of directors are considered experienced (8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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: 1998
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$90.326m
- Shares outstanding: 2.79m
- 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 | 2020/09/26 06:17 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.