NasdaqCM:SAL

Stock Analysis Report

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.

Risks

  • Salisbury Bancorp is covered by less than 3 analysts.

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

0.5%

SAL

-1.1%

US Banks

-0.6%

US Market


1 Year Return

-8.9%

SAL

-6.8%

US Banks

0.7%

US Market

SAL underperformed the Banks industry which returned -6.9% over the past year.

SAL underperformed the Market in United States of America which returned 0.7% over the past year.


Share holder returns

SALIndustryMarket
7 Day0.5%-1.1%-0.6%
30 Day6.2%10.7%4.9%
90 Day1.0%5.3%1.7%
1 Year-6.2%-8.9%-4.1%-6.8%3.0%0.7%
3 Year34.7%23.9%53.8%43.2%44.8%35.4%
5 Year68.0%43.4%63.8%46.1%62.0%44.3%

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

Valuation

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

11.04x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Salisbury Bancorp's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Salisbury Bancorp's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Salisbury Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

Salisbury Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Salisbury Bancorp expected 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 Estimates


Future Annual Growth Analysis

Salisbury Bancorp's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Salisbury Bancorp's earnings are expected to grow by 1.1% yearly, however this is not considered high growth (20% yearly).

Salisbury Bancorp's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Salisbury Bancorp's earnings growth is positive but not above the United States of America market average.

Salisbury Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Salisbury Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

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 (50% vs 15.5%)

Salisbury Bancorp's earnings growth has exceeded the US Banks industry average in the past year (50% vs 32%).


Return on Equity

Salisbury Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Salisbury Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

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.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Salisbury Bancorp has an acceptable proportion of non-loan assets held.

Salisbury Bancorp has a sufficient allowance for bad loans.

Salisbury Bancorp's liabilities are made up of primarily low risk sources of funding.

Salisbury Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Salisbury Bancorp are broadly funded by customer deposits.

Salisbury Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

2.84%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Salisbury Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Salisbury Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

No dividend growth in 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.2x 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.


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

Rick's remuneration is higher than average for companies of similar size in United States of America.

Rick's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.8yrs

Average Tenure

56yo

Average Age

The tenure for the Salisbury Bancorp management team is about average.


Board Age and Tenure

7.0yrs

Average Tenure

73.5yo

Average Age

The tenure for the Salisbury Bancorp board of directors is about average.


Insider Trading

More shares have been bought than sold by Salisbury Bancorp individual insiders in the past 3 months.


Recent Insider Transactions

SellUS$17,52611 Sep 19
Michael Gordon
EntityIndividual
Role
Member of the Board of Directors
Director
Shares450
Max PriceUS$39.00
BuyUS$19,93503 Sep 19
Peter Albero
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares500
Max PriceUS$39.87
BuyUS$50,15427 Aug 19
David Farrell
EntityIndividual
Role
Chairman of the Board
Chairman
Shares1,300
Max PriceUS$38.58
SellUS$19,25002 May 19
Amy Raymond
EntityIndividual
Shares500
Max PriceUS$38.50
SellUS$53,75012 Mar 19
Michael Gordon
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,250
Max PriceUS$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: 1.9yrs
    • Compensation: US$333.93k

Board Members

  • John Perotti (72yo)

    Director

    • Tenure: 21.7yrs
    • Compensation: US$49.80k
  • Holly Nelson (65yo)

    Director

    • Tenure: 21.7yrs
    • Compensation: US$23.28k
  • Nancy Humphreys (77yo)

    Director

    • Tenure: 18.7yrs
    • Compensation: US$28.81k
  • Dave Farrell (64yo)

    Chairman

    • Tenure: 0.3yrs
    • 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$111.541m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SALNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/22 23:42
End of Day Share Price2019/09/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.