The stock of Merchants Bancshares,Inc. (NASDAQ:MBVT) reached all time high today, Nov, 14 and still has $141.67 target or 197.00% above today’s $47.70 share price. This indicates more upside for the $345.79 million company. This technical setup was reported by Barchart.com. If the $141.67 PT is reached, the company will be worth $681.21 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 22,439 shares traded hands. Merchants Bancshares,Inc. (NASDAQ:MBVT) has risen 61.11% since April 12, 2016 and is uptrending. It has outperformed by 56.13% 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. As per Monday, August 10, the company rating was downgraded by Zacks. The stock of Merchants Bancshares,Inc. (NASDAQ:MBVT) earned “Sell” rating by Zacks on Tuesday, August 25. On Wednesday, September 16 the stock rating was initiated by Piper Jaffray with “Neutral”. The company was upgraded on Monday, September 7 by Zacks. The stock of Merchants Bancshares,Inc. (NASDAQ:MBVT) earned “Hold” rating by TheStreet on Wednesday, September 2. Sandler O’Neill downgraded the stock to “Hold” rating in Tuesday, October 25 report.
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 is positive, 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 Holding Limited Liability Company last reported 0% of its portfolio in the stock. Teachers Advsrs Inc has 0% invested in the company for 8,396 shares. Pnc Financial Service Gp holds 2,000 shares or 0% of its portfolio. Fmr Ltd Llc last reported 10,000 shares in the company. Manufacturers Life Insurance The holds 0.01% or 144,606 shares in its portfolio. Blackrock Mngmt Lc reported 23,078 shares or 0% of all its holdings. Citigroup owns 572 shares or 0% of their US portfolio. Highlander Mngmt Limited accumulated 709 shares or 0.02% of the stock. Castine Management Ltd Liability Corporation has 4.14% invested in the company for 283,362 shares. Bnp Paribas Arbitrage Sa has 0% invested in the company for 223 shares. Blackrock Institutional Co Na owns 243,158 shares or 0% of their US portfolio. Clean Yield Group accumulated 0.77% or 58,517 shares. Blackrock has 0% invested in the company for 1,508 shares. Crawford Investment Counsel Incorporated has invested 0.08% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT). Tower Capital Ltd (Trc) owns 208 shares or 0% of their US portfolio.
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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