Bank of New York Mellon Corp boosted its position in Merchants Bancshares Inc. (NASDAQ:MBVT) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 30,426 shares of the financial services provider’s stock after buying an additional 87 shares during the period. Bank of New York Mellon Corp owned approximately 0.44% of Merchants Bancshares worth $928,000 at the end of the most recent quarter.

Separately, Strs Ohio increased its stake in Merchants Bancshares by 8.4% in the second quarter. Strs Ohio now owns 11,600 shares of the financial services provider’s stock worth $353,000 after buying an additional 900 shares during the last quarter. Institutional investors own 36.85% of the company’s stock.

Institutional Ownership by Quarter for Merchants Bancshares (NASDAQ:MBVT)

Merchants Bancshares Inc. (NASDAQ:MBVT) traded up 0.93% during midday trading on Monday, hitting $32.50. The stock had a trading volume of 308 shares. Merchants Bancshares Inc. has a 52 week low of $27.00 and a 52 week high of $34.00. The company’s 50-day moving average price is $32.64 and its 200 day moving average price is $31.17. The company has a market capitalization of $223.37 million, a PE ratio of 15.42 and a beta of 0.92.

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, topping analysts’ consensus estimates 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, analysts expect that Merchants Bancshares Inc. will post $2.35 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Merchants Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 27th. FIG Partners downgraded 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.

5 Day Chart for NASDAQ:MBVT

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