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Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. The firm currently has a $30.40 price objective on the stock. Zacks‘s price target indicates a potential upside of 2.60% from the stock’s previous close.

In other Merchants Bancshares Inc. (Vermont) news, CFO Janet P. Spitler sold 4,203 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $29.53, for a total transaction of $124,114.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Merchants Bancshares Inc. (NASDAQ:MBVT) traded down 0.66% on Monday, hitting $29.434. The stock had a trading volume of 2,164 shares. Merchants Bancshares Inc. has a 1-year low of $28.32 and a 1-year high of $33.85. The stock has a 50-day moving average of $29.85 and a 200-day moving average of $30.77. The company has a market cap of $186.3 million and a P/E ratio of 13.11.

Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.54 earnings per share (EPS) for the quarter, beating the 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.

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

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