Clean Yield Group Buys 1,588 Shares of Merchants Bancshares Inc. (MBVT)
Clean Yield Group boosted its position in shares of Merchants Bancshares Inc. (NASDAQ:MBVT) by 2.8% during the second quarter, Holdings Channel reports. The fund owned 58,517 shares of the financial services provider’s stock after buying an additional 1,588 shares during the period. Clean Yield Group’s holdings in Merchants Bancshares were worth $1,784,000 at the end of the most recent reporting period.
Separately, Renaissance Technologies LLC boosted its position in Merchants Bancshares by 12.0% in the first quarter. Renaissance Technologies LLC now owns 55,800 shares of the financial services provider’s stock worth $1,659,000 after buying an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 36.85% of the company’s stock.
Merchants Bancshares Inc. (NASDAQ:MBVT) traded down 0.19% during trading on Thursday, hitting $32.16. 3,373 shares of the company’s stock were exchanged. The company has a market cap of $221.04 million, a price-to-earnings ratio of 15.26 and a beta of 0.85. Merchants Bancshares Inc. has a 52-week low of $27.00 and a 52-week high of $34.00. The firm has a 50 day moving average price of $32.67 and a 200 day moving average price of $30.97.
Merchants Bancshares (NASDAQ:MBVT) last posted its earnings results on Thursday, July 21st. The financial services provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. Merchants Bancshares had a net margin of 20.25% and a return on equity of 10.82%. On average, equities research analysts predict that Merchants Bancshares Inc. will post $2.35 earnings per share for the current year.
A number of equities analysts have issued reports on MBVT shares. Zacks Investment Research upgraded shares of Merchants Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, June 17th. FIG Partners cut shares of Merchants Bancshares from an “outperform” rating to a “market-perform” rating in a research report on Monday, July 25th.
About Merchants Bancshares
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.
Want to see what other hedge funds are holding MBVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merchants Bancshares Inc. (NASDAQ:MBVT).
Receive News & Ratings for Merchants Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merchants Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.