Merchants Bancshares Inc. (Vermont) CFO Unloads $124,115 in Stock (MBVT)
Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) CFO Janet P. Spitler unloaded 4,203 shares of Merchants Bancshares Inc. (Vermont) stock on the open market in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $29.53, for a total transaction of $124,114.59. Following the completion of the sale, the chief financial officer now directly owns 5,519 shares of the company’s stock, valued at approximately $162,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Merchants Bancshares Inc. (Vermont) from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $28.30 price target on the stock.
Merchants Bancshares Inc. (NASDAQ:MBVT) traded down 0.14% on Thursday, hitting $29.49. The stock had a trading volume of 8,126 shares. 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 $29.99 and its 200-day moving average is $30.7. The company has a market cap of $186.6 million and a price-to-earnings ratio of 13.07.
Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) last released its earnings data on Tuesday, July 22nd. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.01. Analysts expect that Merchants Bancshares Inc. will post $2.12 EPS for the current fiscal year.
Merchants Bancshares, Inc (NASDAQ:MBVT) is a bank holding company.
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