Published On: Wed, Oct 19th, 2016

Merchants Bancshares, Inc. (NASDAQ:MBVT) Analyst Review


A number of investment brokers have recently updated their price targets on shares of Merchants Bancshares, Inc. (NASDAQ:MBVT).

Most recent broker ratings

02/16/2016 – Merchants Bancshares, Inc. was upgraded to “outperform” by analysts at FIG Partners.

09/15/2015 – Piper Jaffray began new coverage on Merchants Bancshares, Inc. giving the company a “neutral” rating. They now have a USD 31 price target on the stock.

07/31/2015 – Merchants Bancshares, Inc. had its “hold” rating reiterated by analysts at Keefe, Bruyette & Woods. They now have a USD 32 price target on the stock.

05/08/2015 – Merchants Bancshares, Inc. was downgraded to “sell” by analysts at Zacks.

07/24/2014 – Merchants Bancshares, Inc. had its “buy” rating reiterated by analysts at Sandler O’Neill. They now have a USD 35 price target on the stock.

11/27/2013 – Sterne Agee began new coverage on Merchants Bancshares, Inc. giving the company a “buy” rating. They now have a USD 36 price target on the stock.

The share price of Merchants Bancshares, Inc. (NASDAQ:MBVT) was down -0.46% during the last day of trading, with a day high of 32.35. 5808 shares were traded during the last session.

The stock’s 50 day moving average is 32.64 and its 200 day moving average is 31.23. The stock’s market capitalization is 222.00M. Merchants Bancshares, Inc. has a 52-week low of 27.00 and a 52-week high of 34.00.

Merchants Bancshares, Inc. is a bank holding company. The Company’s subsidiary, Merchants Bank (the Bank) is a commercial bank. The Bank offers a range of deposit, loan, cash management and trust services to meet the financial needs of individual consumers, businesses and municipalities. The Bank operates approximately 30 full-service banking offices and over 40 automated teller machines (ATMs) located across the state of Vermont, and a full-service banking office in Massachusetts. Merchants Bank’s trust division offers investment management, financial planning and trustee services. The Bank offers commercial, financial and agricultural loans, municipal loans, residential real estate loans, commercial real estate loans, construction real estate loans and consumer installment loans for various personal needs, including vehicle and boat financing. The Bank classifies certain of its investments in debt securities as securities available for sale and securities held to maturity.