Published On: Fri, Sep 23rd, 2016

Merchants Bancshares Inc. (MBVT) Upgraded at Zacks Investment Research

Merchants Bancshares Inc. (NASDAQ:MBVT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Merchants Bancshares, Inc. is a bank holding company for Merchants Bank. “
Separately, FIG Partners downgraded Merchants Bancshares from an “outperform” rating to a “market-perform” rating in a research note on Monday, July 25th.

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Shares of Merchants Bancshares (NASDAQ:MBVT) traded up 0.43% during mid-day trading on Thursday, reaching $32.79. The company had a trading volume of 4,928 shares. Merchants Bancshares has a 1-year low of $27.00 and a 1-year high of $34.00. The company has a market capitalization of $225.37 million, a PE ratio of 15.56 and a beta of 0.85. The stock’s 50-day moving average price is $32.63 and its 200 day moving average price is $30.88.
Merchants Bancshares (NASDAQ:MBVT) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.06. Merchants Bancshares had a return on equity of 10.82% and a net margin of 20.25%. Equities analysts expect that Merchants Bancshares will post $2.34 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. increased its position in shares of Merchants Bancshares by 13.7% in the second quarter. American International Group Inc. now owns 3,313 shares of the financial services provider’s stock valued at $101,000 after buying an additional 400 shares during the last quarter. Nationwide Fund Advisors increased its position in Merchants Bancshares by 10.2% in the second quarter. Nationwide Fund Advisors now owns 4,188 shares of the financial services provider’s stock valued at $128,000 after buying an additional 386 shares in the last quarter. Teachers Advisors Inc. increased its position in Merchants Bancshares by 17.5% in the second quarter. Teachers Advisors Inc. now owns 8,396 shares of the financial services provider’s stock valued at $256,000 after buying an additional 1,252 shares in the last quarter. Strs Ohio increased its position in Merchants Bancshares by 8.4% in the second quarter. Strs Ohio now owns 11,600 shares of the financial services provider’s stock valued at $353,000 after buying an additional 900 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Merchants Bancshares by 3.7% in the second quarter. Parametric Portfolio Associates LLC now owns 11,812 shares of the financial services provider’s stock valued at $360,000 after buying an additional 419 shares in the last quarter. 36.85% of the stock is owned by institutional investors and hedge funds.
Merchants Bancshares Company Profile
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.

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