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.
Flawless balance sheet with solid track record 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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: SAL exceeded the US Banks industry which returned -34.8% over the past year.
Return vs Market: SAL underperformed the US Market which returned -15.9% over the past year.
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
2 weeks ago | Simply Wall StA Sliding Share Price Has Us Looking At Salisbury Bancorp, Inc.'s (NASDAQ:SAL) P/E Ratio
2 weeks ago | Simply Wall StWhy Salisbury Bancorp, Inc. (NASDAQ:SAL) Is A Top Dividend Stock
1 month ago | Simply Wall StHow Should Investors Feel About Salisbury Bancorp, Inc.'s (NASDAQ:SAL) CEO Pay?
Is Salisbury Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SAL ($34.4) is trading below our estimate of fair value ($49.48)
Significantly Below Fair Value: SAL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SAL is poor value based on its PE Ratio (8.7x) compared to the Banks industry average (8.5x).
PE vs Market: SAL is good value based on its PE Ratio (8.7x) compared to the US market (12.2x).
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 is overvalued based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).
How is Salisbury Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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 (-4.6% per year).
Earnings vs Market: SAL's earnings are forecast to decline over the next 3 years (-4.6% per year).
High Growth Earnings: SAL's earnings are forecast to decline over the next 3 years.
Revenue vs Market: SAL's revenue is expected to decline over the next 3 years (-8.2% per year).
High Growth Revenue: SAL's revenue is forecast to decline over the next 3 years (-8.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAL's Return on Equity is forecast to be low in 3 years time (7.8%).
How has Salisbury Bancorp performed over the past 5 years?
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 (21.8%).
Past Earnings Growth Analysis
Earnings Trend: SAL's earnings have grown by 14.4% per year over the past 5 years.
Accelerating Growth: SAL's earnings growth over the past year (26%) exceeds its 5-year average (14.4% per year).
Earnings vs Industry: SAL earnings growth over the past year (26%) exceeded the Banks industry 10.9%.
Return on Equity
High ROE: SAL's Return on Equity (9.8%) is considered low.
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
Inventory Level: SAL has a low level of unsold assets or inventory.
Debt Coverage by Assets: SAL's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: SAL's level of assets compared to its equity is low.
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 (0.39%)
What is Salisbury Bancorp's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SAL's dividend (3.37%) is higher than the bottom 25% of dividend payers in the US market (2.07%).
High Dividend: SAL's dividend (3.37%) is low compared to the top 25% of dividend payers in the US market (5.82%).
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 (28.6%), SAL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SAL's dividends in 3 years are forecast to be well covered by earnings (32.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Rick Cantele (59yo)
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 ($USD626.05K).
Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.
|Executive VP||2.5yrs||US$333.93k||0.17% $165.5k|
|President of NY Region & Chief Lending Officer||5.33yrs||US$598.67k||0.44% $429.5k|
|Senior VP & Secretary||no data||no data||no data|
Experienced Management: SAL's management team is seasoned and experienced (5.3 years average tenure).
|Independent Director||22.25yrs||US$49.80k||0.55% $538.1k|
|Independent Director||22.25yrs||US$23.28k||0.16% $152.2k|
|Independent Director||19.25yrs||US$28.81k||0.26% $257.7k|
|Independent Director||9.83yrs||US$29.33k||0.57% $553.5k|
|Independent Director||5.33yrs||US$24.91k||0.91% $888.3k|
|Independent Director||5.33yrs||US$21.01k||0.94% $911.2k|
|Independent Director||5.33yrs||US$21.91k||1.65% $1.6m|
|Independent Director||5.33yrs||US$20.83k||2.47% $2.4m|
Experienced Board: SAL's board of directors are considered experienced (7.6 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Salisbury Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Salisbury Bancorp, Inc.
- Ticker: SAL
- Exchange: NasdaqCM
- Founded: 1848
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$97.272m
- Shares outstanding: 2.83m
- Website: https://www.salisburybank.com
- Salisbury Bancorp, Inc.
- 5 Bissell Street
- PO Box 1868
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|SAL||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jan 1975|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/05 04:46|
|End of Day Share Price||2020/04/02 00:00|
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.