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Salisbury Bancorp

Nasdaq:SAL
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SAL
Nasdaq
$107M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 69 days ago. More info.


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SAL Share Price and Events
7 Day Returns
-0.3%
NasdaqCM:SAL
-0.6%
US Banks
-0.3%
US Market
1 Year Returns
-10.4%
NasdaqCM:SAL
-7.3%
US Banks
3.4%
US Market
SAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Salisbury Bancorp (SAL) -0.3% -5.6% -6% -10.4% 27.6% 34.8%
US Banks -0.6% 2.9% -1.2% -7.3% 44.2% 45.2%
US Market -0.3% 2.9% 2.1% 3.4% 36.2% 41.3%
1 Year Return vs Industry and Market
  • SAL underperformed the Banks industry which returned -7.3% over the past year.
  • SAL underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
SAL
Industry
5yr Volatility vs Market

Value

 Is Salisbury Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Salisbury Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Salisbury Bancorp.

NasdaqCM:SAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $35.35 * 7.1%
$2.51
Book Value of Equity per Share Median Book Value from the past 5 years. $35.35
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:SAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 21%) (61.08%))
0.921
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.921 * 5.96%)
8.22%

Discounted Cash Flow Calculation for NasdaqCM:SAL using Excess Returns Model Model

The calculations below outline how an intrinsic value for Salisbury Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:SAL Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 8.22%) * $35.35)
$-0.39
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.39 / (8.22% - 2.73%)
$-7.19
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $35.35 + $-7.19
$28.16
NasdaqCM:SAL Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.16
Current discount Discount to share price of $38.08
= -1 x ($38.08 - $28.16) / $28.16
-35.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Salisbury Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Salisbury Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Salisbury Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:SAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.30
NasdaqCM:SAL Share Price ** NasdaqCM (2019-07-17) in USD $38.08
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.69x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Salisbury Bancorp.

NasdaqCM:SAL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SAL Share Price ÷ EPS (both in USD)

= 38.08 ÷ 3.30

11.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Salisbury Bancorp is good value based on earnings compared to the US Banks industry average.
  • Salisbury Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Salisbury Bancorp's expected growth come at a high price?
Raw Data
NasdaqCM:SAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
5.7%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.22x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqCM:SAL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.55x ÷ 5.7%

2.01x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Salisbury Bancorp is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Salisbury Bancorp's assets?
Raw Data
NasdaqCM:SAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $38.21
NasdaqCM:SAL Share Price * NasdaqCM (2019-07-17) in USD $38.08
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.8x
NasdaqCM:SAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SAL Share Price ÷ Book Value per Share (both in USD)

= 38.08 ÷ 38.21

1x

* Primary Listing of Salisbury Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Salisbury Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Salisbury Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Salisbury Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Salisbury Bancorp expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Salisbury Bancorp expected to grow at an attractive rate?
  • Salisbury Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Salisbury Bancorp's earnings growth is positive but not above the United States of America market average.
  • Salisbury Bancorp's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:SAL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:SAL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 5.7%
NasdaqCM:SAL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -4.3%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 2%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:SAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:SAL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 37 10 1
2019-12-31 35 10 1
NasdaqCM:SAL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 41 13 9
2018-12-31 40 13 9
2018-09-30 40 14 7
2018-06-30 39 12 7
2018-03-31 39 10 7
2017-12-31 38 10 6
2017-09-30 38 9 7
2017-06-30 37 9 7
2017-03-31 37 11 7
2016-12-31 37 11 7
2016-09-30 37 11 7
2016-06-30 36 10 7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Salisbury Bancorp's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).
  • Salisbury Bancorp's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:SAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Salisbury Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SAL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 3.59 3.59 3.59 1.00
2019-12-31 3.43 3.43 3.43 1.00
NasdaqCM:SAL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.30
2018-12-31 3.15
2018-09-30 2.63
2018-06-30 2.40
2018-03-31 2.39
2017-12-31 2.25
2017-09-30 2.42
2017-06-30 2.50
2017-03-31 2.46
2016-12-31 2.43
2016-09-30 2.65
2016-06-30 2.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Salisbury Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Salisbury Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Salisbury Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Salisbury Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Salisbury Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Salisbury Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Salisbury Bancorp's 1-year earnings growth exceeds its 5-year average (38.2% vs 15.6%)
  • Salisbury Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (38.2% vs 40.8%).
Earnings and Revenue History
Salisbury Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Salisbury Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SAL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 40.56 9.13 25.70
2018-12-31 40.03 8.71 25.72
2018-09-30 39.63 7.25 25.12
2018-06-30 39.00 6.61 24.76
2018-03-31 38.61 6.60 24.27
2017-12-31 38.48 6.20 24.08
2017-09-30 37.85 6.65 24.23
2017-06-30 37.49 6.87 23.72
2017-03-31 37.29 6.73 23.53
2016-12-31 36.68 6.63 22.92
2016-09-30 36.77 7.24 22.31
2016-06-30 36.36 7.26 22.03
2016-03-31 36.81 7.55 21.89
2015-12-31 37.94 8.23 21.99
2015-09-30 35.47 6.31 20.91
2015-06-30 32.64 5.10 19.81
2015-03-31 29.42 4.00 18.58
2014-12-31 25.25 2.33 17.23
2014-09-30 24.27 3.07 16.46
2014-06-30 24.20 3.31 16.27
2014-03-31 23.97 3.49 15.98
2013-12-31 23.90 3.88 15.79
2013-09-30 23.62 3.48 15.83
2013-06-30 23.82 3.61 15.94
2013-03-31 24.18 3.58 15.74
2012-12-31 24.64 3.86 15.61
2012-09-30 24.56 4.46 15.31

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Salisbury Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Salisbury Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Salisbury Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Salisbury Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Salisbury Bancorp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Salisbury Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Salisbury Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Salisbury Bancorp Company Filings, last reported 3 months ago.

NasdaqCM:SAL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 106.11 60.78 48.63
2018-12-31 103.46 81.37 58.45
2018-09-30 100.77 84.37 42.22
2018-06-30 99.18 91.35 77.47
2018-03-31 98.10 76.56 44.98
2017-12-31 97.51 66.21 48.49
2017-09-30 97.53 42.02 49.40
2017-06-30 96.55 59.55 61.39
2017-03-31 95.22 65.22 41.29
2016-12-31 94.01 52.86 14.49
2016-09-30 93.55 40.85 42.64
2016-06-30 92.58 60.57 31.50
2016-03-31 91.40 39.79 31.50
2015-12-31 90.57 41.03 62.12
2015-09-30 105.45 31.52 81.70
2015-06-30 104.10 30.80 50.42
2015-03-31 103.21 31.68 52.90
2014-12-31 101.82 32.98 36.11
2014-09-30 75.52 35.72 48.83
2014-06-30 75.00 33.96 34.91
2014-03-31 74.00 32.66 9.40
2013-12-31 72.79 32.97 13.45
2013-09-30 71.21 34.67 28.94
2013-06-30 71.49 34.17 37.19
2013-03-31 72.21 33.90 31.44
2012-12-31 72.00 33.76 43.57
2012-09-30 70.37 45.33 65.42
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Salisbury Bancorp has an acceptable proportion of non-loan assets held.
  • Salisbury Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Salisbury Bancorp are broadly funded by customer deposits.
  • Salisbury Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Salisbury Bancorp has a sufficient allowance for bad loans.
  • Salisbury Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Salisbury Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Salisbury Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Salisbury Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.94%
Current annual income from Salisbury Bancorp dividends. Estimated to be 2.94% next year.
If you bought $2,000 of Salisbury Bancorp shares you are expected to receive $59 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Salisbury Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Salisbury Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:SAL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:SAL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 1.12 1.00
2019-12-31 1.12 1.00
NasdaqCM:SAL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-10 1.120 2.874
2019-04-26 1.120 2.852
2019-03-15 1.120 2.715
2019-01-25 1.120 2.652
2018-11-08 1.120 2.970
2018-10-29 1.120 2.876
2018-07-27 1.120 2.647
2018-05-10 1.120 2.558
2018-04-27 1.120 2.710
2018-03-15 1.120 2.468
2018-01-26 1.120 2.428
2017-11-14 1.120 2.483
2017-10-27 1.120 2.425
2017-08-14 1.120 2.484
2017-07-28 1.120 2.584
2017-05-15 1.120 2.747
2017-04-28 1.120 2.825
2017-01-27 1.120 2.893
2016-11-14 1.120 3.092
2016-10-28 1.120 3.534
2016-08-12 1.120 3.586
2016-07-29 1.120 3.710
2016-05-16 1.120 3.717
2016-04-29 1.120 3.641
2016-03-30 1.120 3.505
2016-01-29 1.120 3.472
2015-11-13 1.120 3.543
2015-10-30 1.120 3.683
2015-08-14 1.120 3.799
2015-07-31 1.120 3.735
2015-05-14 1.120 3.630
2015-04-24 1.120 3.667
2015-01-30 1.120 3.835
2014-11-14 1.120 4.133
2014-10-31 1.120 4.158
2014-07-25 1.120 3.980
2014-04-25 1.120 3.726
2014-01-31 1.120 4.079
2013-10-25 1.120 4.222
2013-07-26 1.120 4.164
2013-04-29 1.120 4.250
2013-01-25 1.120 4.372
2012-10-26 1.120 4.446
2012-07-27 1.120 4.486
2012-04-27 1.120 4.458
2012-01-27 1.120 4.559
2011-10-28 1.120 4.879
2011-07-29 1.120 4.873
2011-04-29 1.120 4.432
2011-01-28 1.120 4.222
2010-10-29 1.120 4.477
2010-07-30 1.120 4.824
2010-05-03 1.120 4.964
2010-02-02 1.120 4.817
2009-10-12 1.120 4.845
2009-07-08 1.120 4.532
2009-03-27 1.120 4.779
2008-11-26 1.120 4.924
2008-09-02 1.120 4.113

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Salisbury Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Salisbury Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Salisbury Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Salisbury Bancorp has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Salisbury Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rick Cantele
COMPENSATION $669,918
AGE 59
TENURE AS CEO 10.1 years
CEO Bio

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 January 2005. Mr. Cantele served as an Interim Chief Financial Officer and Interim Chief Accounting Officer of Salisbury BanCorp. Inc. and Salisbury Bank & Trust Company since March 1, 2013 until April 1, 2013. Mr. Cantele served as an Interim Chief Financial Officer of Salisbury BanCorp. Inc., and Salisbury Bank & Trust Company since July 2009 until September 2009. He served as the Chief Operating Officer and Secretary at Salisbury BanCorp. Inc. and Salisbury Bank and Trust Company until June 2009. He served as an Executive Vice President and Treasurer at Salisbury Bank and Trust Company since 1989 until January 2005. He served as Chairman of Salisbury BanCorp. Inc. until April 30, 2010. He has been a Director of Salisbury BanCorp. Inc. and Salisbury Bank & Trust Company since January 2005. He graduated from Fairfield University in 1981 with a Bachelor of Science degree in Finance; and graduated from the Stonier Graduate School of Banking in 1997.

CEO Compensation
  • Rick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rick's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Salisbury Bancorp management team in years:

4.6
Average Tenure
56
Average Age
  • The tenure for the Salisbury Bancorp management team is about average.
Management Team

Rick Cantele

TITLE
President
COMPENSATION
$670K
AGE
59
TENURE
10.1 yrs

Peter Albero

TITLE
Executive VP
COMPENSATION
$334K
AGE
54
TENURE
1.8 yrs

John Davies

TITLE
President of NY Region & Chief Lending Officer
COMPENSATION
$599K
AGE
56
TENURE
4.6 yrs

Shelly Humeston

TITLE
Senior VP & Secretary
Board of Directors Tenure

Average tenure and age of the Salisbury Bancorp board of directors in years:

6.8
Average Tenure
73.5
Average Age
  • The tenure for the Salisbury Bancorp board of directors is about average.
Board of Directors

Dave Farrell

TITLE
Chairman
COMPENSATION
$27K
AGE
64
TENURE
0.2 yrs

Rick Cantele

TITLE
President
COMPENSATION
$670K
AGE
59
TENURE
14.4 yrs

Holly Nelson

TITLE
Director
COMPENSATION
$23K
AGE
65
TENURE
21.5 yrs

Arthur Bassin

TITLE
Director
COMPENSATION
$29K
AGE
74
TENURE
9.1 yrs

John Perotti

TITLE
Director
COMPENSATION
$50K
AGE
72
TENURE
21.5 yrs

Nancy Humphreys

TITLE
Director
COMPENSATION
$29K
AGE
77
TENURE
18.5 yrs

Chuck Andola

TITLE
Director
COMPENSATION
$25K
AGE
75
TENURE
4.6 yrs

George Banta

TITLE
Director
COMPENSATION
$21K
AGE
83
TENURE
4.6 yrs

Michael Gordon

TITLE
Director
COMPENSATION
$21K
AGE
73
TENURE
4.6 yrs

Polly Hoe

TITLE
Director
COMPENSATION
$22K
AGE
74
TENURE
4.6 yrs
Who owns this company?
Recent Insider Trading
  • Salisbury Bancorp individual insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. May 19 Sell Amy Raymond Individual 02. May 19 02. May 19 -500 $38.50 $-19,250
12. Mar 19 Sell Michael Gordon Individual 12. Mar 19 12. Mar 19 -1,250 $43.00 $-53,750
07. Sep 18 Sell Michael Gordon Individual 06. Sep 18 06. Sep 18 -1,500 $42.00 $-63,000
X
Management checks
We assess Salisbury Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Salisbury Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Here's What We Think About Salisbury Bancorp, Inc.'s (NASDAQ:SAL) CEO Pay

See our latest analysis for Salisbury Bancorp How Does Rick Cantele's Compensation Compare With Similar Sized Companies? … We examined a group of similar sized companies, with market capitalizations of below US$200m. … We compared the total CEO remuneration paid by Salisbury Bancorp, Inc., and compared it to remuneration at a group of similar sized companies.

Simply Wall St -

How Many Salisbury Bancorp, Inc. (NASDAQ:SAL) Shares Have Insiders Sold, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Salisbury Bancorp, Inc. … In the last year Salisbury Bancorp insiders didn't buy any company stock. … Salisbury Bancorp Insiders Are Selling The Stock The last quarter saw substantial insider selling of Salisbury Bancorp shares.

Simply Wall St -

Does Salisbury Bancorp's (NASDAQ:SAL) Share Price Gain of 30% Match Its Business Performance?

(NASDAQ:SAL) share price is up 30% in the last five years, that's less than the market return. … Over half a decade, Salisbury Bancorp managed to grow its earnings per share at 9.8% a year. … A Different Perspective While the broader market gained around 4.8% in the last year, Salisbury Bancorp shareholders lost 6.4% (even including dividends).

Simply Wall St -

Is Now The Time To Put Salisbury Bancorp (NASDAQ:SAL) On Your Watchlist?

One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing. … I note that Salisbury Bancorp's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … Salisbury Bancorp maintained stable EBIT margins over the last year, all while growing revenue 5.0% to US$41m.

Simply Wall St -

Three Key Risks For Salisbury Bancorp, Inc. (NASDAQ:SAL) You Should Know

As a small-cap bank with a market capitalisation of US$114m, Salisbury Bancorp, Inc.’s (NASDAQ:SAL) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Salisbury Bancorp’s bottom line. … See our latest analysis for Salisbury Bancorp

Simply Wall St -

Here's What We Think About Salisbury Bancorp, Inc.'s (NASDAQ:SAL) CEO Pay

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Rick Cantele's Compensation Compare With Similar Sized Companies. … has a market cap of US$113m, and is paying total annual CEO compensation of US$607k.

Simply Wall St -

Don't Sell Salisbury Bancorp, Inc. (NASDAQ:SAL) Before You Read This

To keep it practical, we'll show how Salisbury Bancorp, Inc.'s (NASDAQ:SAL) P/E ratio could help you assess the value on offer. … Salisbury Bancorp has a price to earnings ratio of 13.65, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

How Much Of Salisbury Bancorp, Inc. (NASDAQ:SAL) Do Insiders Own?

The big shareholder groups in Salisbury Bancorp, Inc. … With a market capitalization of US$121m, Salisbury Bancorp is a small cap stock, so it might not be well known by many institutional investors. … See our latest analysis for Salisbury Bancorp

Simply Wall St -

Is Salisbury Bancorp, Inc. (NASDAQ:SAL) A Great Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Salisbury Bancorp, Inc. … Let's take a look at Salisbury Bancorp in more detail.

Simply Wall St -

Why These Fundamentals Make Salisbury Bancorp, Inc.’s (NASDAQ:SAL) More Attractive

Salisbury Bancorp, Inc.’s (NASDAQ:SAL) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$104m. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Salisbury Bancorp to vulnerabilities. … Low levels of leverage coupled with sufficient liquidity may place Salisbury Bancorp in a safe position in the face of adverse headwinds.

Simply Wall St -

Company Info

Description

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. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; commercial loans; and consumer loans, including home equity loans and lines of credit, and auto and personal installment loans. In addition, it offers a range of fiduciary services, including trust and estate administration, wealth advisory, and investment management services to individuals, families, businesses, and institutions. Further, the company provides additional depositor related services consisting of landlord/tenant lease security accounts and services, merchant services, payroll services, ATM services, bank-by-phone services, Internet banking services, Internet bill pay services, person to person payments, bank to bank transfers, mobile banking services, and online financial management with account aggregation services, as well as cash management services, including remote deposit capture, ACH origination, wire transfers, and positive pay services. It operates through a network of 14 banking offices and 10 ATMs located in Litchfield County, Connecticut; Dutchess, Orange, and Ulster Counties, New York; and Berkshire County, Massachusetts. Salisbury Bancorp, Inc. was founded in 1848 and is headquartered in Lakeville, Connecticut.

Details
Name: Salisbury Bancorp, Inc.
SAL
Exchange: NasdaqCM
Founded: 1848
$106,958,333
2,808,706
Website: http://www.salisburybank.com
Address: Salisbury Bancorp, Inc.
5 Bissell Street,
Lakeville,
Connecticut, 06039,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SAL Common Stock Nasdaq Capital Market US USD 06. Jan 1975
Number of employees
Current staff
Staff numbers
0
Salisbury Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 23:45
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/04/30
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.