Share on StockTwits

Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday. They currently have a $28.30 price objective on the stock. Zacks‘s target price points to a potential downside of 4.81% from the company’s current price.

Merchants Bancshares Inc. (NASDAQ:MBVT) traded up 0.37% on Friday, hitting $29.86. 20,024 shares of the company’s stock traded hands. Merchants Bancshares Inc. has a 52 week low of $28.32 and a 52 week high of $33.85. The stock’s 50-day moving average is $31.08 and its 200-day moving average is $31.18. The company has a market cap of $188.8 million and a price-to-earnings ratio of 12.58.

Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.01. On average, analysts predict that Merchants Bancshares Inc. will post $2.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Tuesday, July 29th.

Merchants Bancshares, Inc (NASDAQ:MBVT) is a bank holding company.

To view Zacks’ full report, visit Zacks’ official website.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.