Dividend of The Day: Nov 23, 2016 is the day that Merchants Bancshares, Inc. (NASDAQ:MBVT) shareholders will see dividends of $0.28?

Dividend of The Day: Nov 23, 2016 is the day that Merchants Bancshares, Inc. (NASDAQ:MBVT) shareholders will see dividends of $0.28?

Merchants Bancshares, Inc. (NASDAQ:MBVT) is expected to pay $0.28 on Nov 23, 2016. The indicated annual dividend is $1.12. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Merchants Bancshares, Inc.’s current price of $42.65, the dividend is 0.66%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 28, 2016. The stock increased 0.59% or $0.25 on November 4, hitting $42.65. Merchants Bancshares,Inc. (NASDAQ:MBVT) has risen 46.06% since April 5, 2016 and is uptrending. It has outperformed by 44.11% the S&P500.

Merchants Bancshares, Inc. is a bank holding company. The company has a market cap of $290.17 million. The Company’s subsidiary, Merchants Bank is a commercial bank. It has a 20.74 P/E ratio. The Bank offers a range of deposit, loan, cash management and trust services to meet the financial needs of individual consumers, businesses and municipalities.

Insitutional Activity: The institutional sentiment increased to 1.94 in Q2 2016. Its up 0.61, from 1.33 in 2016Q1. The ratio increased, as 4 funds sold all Merchants Bancshares,Inc. shares owned while 13 reduced positions. 4 funds bought stakes while 29 increased positions. They now own 2.53 million shares or 3.50% more from 2.44 million shares in 2016Q1.
National Bank Of New York Mellon accumulated 0% or 30,426 shares. Salzhauer Michael accumulated 0.2% or 8,260 shares. Blackrock Investment Management Ltd Co accumulated 0% or 23,078 shares. Fmr Lc accumulated 0% or 10,000 shares. First Manhattan last reported 6,000 shares in the company. Prentiss Smith Incorporated last reported 32,092 shares in the company. Crawford Invest Counsel Inc holds 0.08% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT) for 62,659 shares. California Employees Retirement Systems accumulated 24,100 shares or 0% of the stock. Community Retail Bank Na owns 7,750 shares or 0.06% of their US portfolio. Jpmorgan Chase And accumulated 493 shares or 0% of the stock. Rhumbline Advisers last reported 6,627 shares in the company. Blackrock Fund holds 0% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT) for 151,909 shares. The Illinois-based Northern Corporation has invested 0% in Merchants Bancshares,Inc. (NASDAQ:MBVT). Tru Company Of Vermont has invested 0.05% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT). Highlander Capital Limited Liability Company holds 0.02% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT) for 709 shares.

Merchants Bancshares,Inc. (NASDAQ:MBVT) Ratings Coverage

Out of 5 analysts covering Merchants Bancshares Inc (NASDAQ:MBVT), 0 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 0 are positive. Merchants Bancshares Inc has been the topic of 7 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Monday, August 10 by Zacks. Piper Jaffray initiated the shares of MBVT in a report on Wednesday, September 16 with “Neutral” rating. Sandler O’Neill downgraded the shares of MBVT in a report on Tuesday, October 25 to “Hold” rating. The firm has “Hold” rating given on Monday, September 7 by Zacks. On Wednesday, September 2 the stock rating was downgraded by TheStreet to “Hold”. The rating was upgraded by Zacks to “Sell” on Tuesday, August 25.

More notable recent Merchants Bancshares,Inc. (NASDAQ:MBVT) news were published by: Prnewswire.com which released: “Merchants Bancshares, Inc. Announces Third Quarter 2016 Earnings Release Date …” on September 29, 2016, also Prnewswire.com with their article: “Merchants Bancshares, Inc. Reports Third Quarter Results; Declares Dividend” published on October 27, 2016, Streetinsider.com published: “Community Bank System (CBU) to Acquire Merchants Bancshares (MBVT) in ~$304M Deal” on October 24, 2016. More interesting news about Merchants Bancshares,Inc. (NASDAQ:MBVT) were released by: Prnewswire.com and their article: “Merchants Bancshares, Inc. Announces Completion of Merger with NUVO Bank …” published on December 04, 2015 as well as Prnewswire.com‘s news article titled: “Merchants Bancshares, Inc. Announces Fourth Quarter and Full Year 2015 …” with publication date: January 08, 2016.

MBVT Company Profile

Merchants Bancshares, Inc., incorporated on April 20, 1987, 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.

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