Filing Coverage: Merchants Bancshares Inc Has Another Bullish Trade, Chicago Capital Management Bought Stake!

Filing Coverage: Merchants Bancshares Inc Has Another Bullish Trade, Chicago Capital Management Bought Stake!

The New Chicago Capital Management Holding in Merchants Bancshares Inc

Chicago Capital Management filed with the SEC SC 13G form for Merchants Bancshares Inc. The form can be accessed here: 000106299316012409. As reported in Chicago Capital Management’s form, the filler as of late owns 5.55% or 382,003 shares of the Finance–company.

Merchants Bancshares Inc stake is a new one for the and it was filed because of activity on November 16, 2016. We feel this shows Chicago Capital Management’s positive view for the stock.

Merchants Bancshares Inc Institutional Sentiment

Latest Security and Exchange filings show 61 investors own Merchants Bancshares Inc. The institutional ownership in Q3 2015 is high, at 32.81% of the outstanding shares. This is decreased by 150736 the total institutional shares. 2260316 were the shares owned by these institutional investors. In total 2 funds opened new Merchants Bancshares Inc stakes, 22 increased stakes. There were 6 that closed positions and 13 reduced them.

Thomaspartners Inc is an institutional investor bullish on Merchants Bancshares Inc, owning 13209 shares as of Q3 2015 for 0.01% of its portfolio. Amica Mutual Insurance Company owns 116166 shares or 0.33% of its portfolio. VT Prentiss Smith & Co Inc have 0.65% of their stock portfolio for 39802 shares. Further, Clean Yield Group reported stake worth 0.76% of its US stock portfolio. The MA Castine Capital Management Llc owns 145256 shares. Merchants Bancshares Inc is 1.94% of the manager’s US portfolio.

Business 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. 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.

SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.

Insitutional Activity: The institutional sentiment increased to 2.19 in Q2 2016. Its up 0.25, from 1.94 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.

Cornerstone Mngmt Ltd Liability Company last reported 5,751 shares in the company. Legal General Grp Incorporated Plc has 910 shares for 0% of their US portfolio. Clean Yield Gru last reported 0.77% of its portfolio in the stock. Blackrock Mngmt Ltd has 0% invested in the company for 23,078 shares. Banc Funds Co Lc owns 41,901 shares or 0.07% of their US portfolio. Dimensional Fund Advsrs L P holds 232,839 shares or 0% of its portfolio. Parametric Associate Ltd Liability holds 11,812 shares or 0% of its portfolio. The Georgia-based Earnest Ptnrs Ltd has invested 0% in Merchants Bancshares,Inc. (NASDAQ:MBVT). Winslow Evans Crocker holds 0% of its portfolio in Merchants Bancshares,Inc. (NASDAQ:MBVT) for 1,656 shares. Trust Company Of Vermont reported 11,952 shares or 0.05% of all its holdings. Citigroup holds 0% or 572 shares in its portfolio. Harvest Capital Strategies Llc has 0.05% invested in the company for 10,980 shares. Deutsche Financial Bank Ag last reported 0% of its portfolio in the stock. Schwab Charles Invest Inc owns 13,596 shares or 0% of their US portfolio. Panagora Asset Mgmt has 377 shares for 0% of their US portfolio.

About 19,458 shares traded hands. Merchants Bancshares,Inc. (NASDAQ:MBVT) has risen 60.22% since April 18, 2016 and is uptrending. It has outperformed by 55.79% the S&P500.

Merchants Bancshares, Inc. is a bank holding company. The company has a market cap of $340.26 million. The Company’s subsidiary, Merchants Bank is a commercial bank. It has a 23.75 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.

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

More 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 published the news titled: “Merchants Bancshares, Inc. Reports Third Quarter Results; Declares Dividend” on October 27, 2016. Prnewswire.com‘s news article titled: “Merchants Bancshares, Inc. Announces Completion of Merger with NUVO Bank …” with publication date: December 04, 2015 was also an interesting one.

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

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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