Stock Worth Mentioning: Is Buying Merchants Bancshares,Inc. Here a Winning Strategy?

Stock Worth Mentioning: Is Buying Merchants Bancshares,Inc. Here a Winning Strategy?

The stock of Merchants Bancshares,Inc. (NASDAQ:MBVT) reached all time high today, Nov, 24 and still has $51.84 target or 4.00% above today’s $49.85 share price. This indicates more upside for the $342.20M company. This technical setup was reported by Barchart.com. If the $51.84 PT is reached, the company will be worth $13.69 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. The stock increased 2.26% or $1.1 on November 23, hitting $49.85. About 38,664 shares traded hands. Merchants Bancshares,Inc. (NASDAQ:MBVT) has risen 64.85% since April 22, 2016 and is uptrending. It has outperformed by 59.44% the S&P500.

Analysts await Merchants Bancshares,Inc. (NASDAQ:MBVT) to report earnings on January, 19. They expect $0.61 earnings per share, 0.00% or $0.00 from last year’s $0.61 per share. MBVT’s profit will be $4.19 million for 20.43 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share reported by Merchants Bancshares,Inc. for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.

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

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

Insitutional Activity: The institutional sentiment increased to 2.19 in 2016 Q2. 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.
The Georgia-based Earnest Prtnrs Lc has invested 0% in Merchants Bancshares,Inc. (NASDAQ:MBVT). Renaissance Ltd Liability Company accumulated 0% or 72,700 shares. Wedge Capital Management L Lp Nc accumulated 9,100 shares or 0% of the stock. Salzhauer Michael holds 0.2% or 8,260 shares in its portfolio. Bridgeway has 44,050 shares for 0.02% of their US portfolio. Rhumbline Advisers has 6,627 shares for 0% of their US portfolio. Northern Trust accumulated 75,842 shares or 0% of the stock. Brandywine Glob Investment Mgmt Llc last reported 2,810 shares in the company. Winslow Evans Crocker reported 1,656 shares or 0% of all its holdings. Pnc Fincl Ser Grp Inc, a Pennsylvania-based fund reported 2,000 shares. First Manhattan has 0% invested in the company for 6,000 shares. Panagora Asset Mngmt holds 377 shares or 0% of its portfolio. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Merchants Bancshares,Inc. (NASDAQ:MBVT). Dimensional Fund Advsr L P, a Texas-based fund reported 232,839 shares. Crawford Inv Counsel Inc, a Georgia-based fund reported 62,659 shares.

More news for Merchants Bancshares,Inc. (NASDAQ:MBVT) were recently published by: Nasdaq.com, which released: “Merchants Bancshares, Inc. (MBVT) Ex-Dividend Date Scheduled for November 08, 2016” on November 07, 2016. Prnewswire.com‘s article titled: “Merchants Bancshares, Inc. Announces Completion of Merger with NUVO Bank …” and published on December 04, 2015 is yet another important article.

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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