Merchants Bancshares Inc. (Vermont) Upgraded by Zacks to Neutral (MBVT)
Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a $34.30 target price on the stock. Zacks‘ target price would indicate a potential upside of 2.39% from the stock’s previous close.
Separately, analysts at Sterne Agee initiated coverage on shares of Merchants Bancshares Inc. (Vermont) in a research note to investors on Wednesday, November 27th. They set a “buy” rating and a $36.00 price target on the stock.
Merchants Bancshares Inc. (NASDAQ:MBVT) traded up 1.21% during mid-day trading on Wednesday, hitting $33.50. The stock had a trading volume of 10,890 shares. Merchants Bancshares Inc. has a 1-year low of $27.07 and a 1-year high of $33.65. The stock’s 50-day moving average is $31.32 and its 200-day moving average is $30.65. The company has a market cap of $211.5 million and a P/E ratio of 13.79.
Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.06.
Merchants Bancshares, Inc (NASDAQ:MBVT) is a bank holding company.
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