Stock On Watch: Can Merchants Bancshares,Inc.’s Tomorrow be Different? The Stock Just Broke Its High

Stock On Watch: Can Merchants Bancshares,Inc.'s Tomorrow be Different? The Stock Just Broke Its High

The stock of Merchants Bancshares,Inc. (NASDAQ:MBVT) hit a new 52-week high and has $85.17 target or 78.00% above today’s $47.85 share price. The 5 months bullish chart indicates low risk for the $340.73 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $85.17 price target is reached, the company will be worth $265.77M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 5.28% or $2.4 during the last trading session, hitting $47.85. About 33,968 shares traded hands. Merchants Bancshares,Inc. (NASDAQ:MBVT) has risen 53.96% since April 11, 2016 and is uptrending. It has outperformed by 47.82% the S&P500.

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. TheStreet downgraded the stock to “Hold” rating in Wednesday, September 2 report. The rating was upgraded by Zacks on Tuesday, August 25 to “Sell”. The firm has “Hold” rating given on Tuesday, October 25 by Sandler O’Neill. The company was upgraded on Monday, September 7 by Zacks. As per Wednesday, September 16, the company rating was initiated by Piper Jaffray. The stock of Merchants Bancshares,Inc. (NASDAQ:MBVT) has “Hold” rating given on Monday, August 10 by Zacks.

According to Zacks Investment Research, “Merchants Bancshares, Inc. is a bank holding company for Merchants Bank.”

Insitutional Activity: The institutional sentiment increased to 1.94 in Q2 2016. Its up 0.61, from 1.33 in 2016Q1. The ratio improved, 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.
Cornerstone Capital Management Ltd Liability Company holds 0% or 5,751 shares in its portfolio. State Board Of Administration Of Florida Retirement has 0% invested in the company for 7,674 shares. Parametric Associates Ltd Co holds 0% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT) for 11,812 shares. California State Teachers Retirement System has 0% invested in the company for 12,067 shares. Royal National Bank Of Canada holds 0% or 385 shares in its portfolio. The New Jersey-based Highlander Capital Mngmt Ltd Co has invested 0.02% in Merchants Bancshares,Inc. (NASDAQ:MBVT). Nationwide Fund Advsrs, a Pennsylvania-based fund reported 4,188 shares. Harvest Strategies Ltd Llc has 10,980 shares for 0.05% of their US portfolio. Earnest Prtn Lc has 500 shares for 0% of their US portfolio. Bridgeway Cap Mngmt has invested 0.02% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT). Blackrock has invested 0% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT). Deutsche National Bank & Trust Ag accumulated 0% or 22,226 shares. Jpmorgan Chase Company last reported 0% of its portfolio in the stock. Northern Corp has 0% invested in the company for 75,842 shares. Strs Ohio last reported 11,600 shares in the company.

More notable recent Merchants Bancshares,Inc. (NASDAQ:MBVT) news were published by: Businesswire.com which released: “Community Bank System and Merchants Bancshares Announce Agreement to Merge” on October 24, 2016, also Prnewswire.com with their article: “Merchants Bancshares, Inc. Reports Third Quarter Results; Declares Dividend” published on October 27, 2016, Nasdaq.com published: “Merchants Bancshares, Inc. (MBVT) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 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 Appointment of Chief Executive Officer of …” with publication date: November 21, 2014.

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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