Merchants Bancshares,Inc. to Issue Dividend of $0.28 (MBVT)
Merchants Bancshares,Inc. (NASDAQ:MBVT) announced a dividend on Thursday, April 20th. Stockholders of record on Monday, May 1st will be given a dividend of 0.28 per share by the financial services provider on Wednesday, May 10th. The ex-dividend date is Thursday, April 27th.
Merchants Bancshares,Inc. (NASDAQ:MBVT) traded down 0.21% during midday trading on Friday, hitting $48.60. 8,932 shares of the stock traded hands. Merchants Bancshares,Inc. has a 1-year low of $28.16 and a 1-year high of $54.80. The company has a 50-day moving average price of $48.70 and a 200-day moving average price of $47.92. The firm has a market cap of $335.78 million, a P/E ratio of 22.50 and a beta of 0.89.
Merchants Bancshares,Inc. (NASDAQ:MBVT) last announced its earnings results on Thursday, January 26th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.11. Merchants Bancshares,Inc. had a net margin of 20.55% and a return on equity of 11.27%. The business had revenue of $17.29 million for the quarter, compared to analyst estimates of $17.53 million. Analysts predict that Merchants Bancshares,Inc. will post $2.52 EPS for the current year.
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About Merchants Bancshares,Inc.
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. Merchants Bank’s trust division offers investment management, financial planning and trustee services.
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