Analysts at Sandler O’Neill hoisted their price target on shares of Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) from $33.00 to $37.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Network.com reports. Sandler O’Neill’s price objective indicates a potential upside of 12.43% from the stock’s previous close.
Merchants Bancshares Inc. (NASDAQ: MBVT) traded down 0.24% on Wednesday, hitting $32.91. Merchants Bancshares Inc. has a 1-year low of $25.80 and a 1-year high of $33.59. The stock’s 50-day moving average is currently $29.87. The company has a market cap of $207.0 million and a price-to-earnings ratio of 13.69.
Merchants Bancshares Inc. (Vermont) (NASDAQ:MBVT) last released its earnings data on Monday, July 22nd. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.05. On average, analysts predict that Merchants Bancshares Inc. will post $2.46 earnings per share for the current fiscal year.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Merchants Bancshares Inc. (Vermont) from $29.00 to $32.00 in a research note to investors on Wednesday. They now have a “market perform” rating on the stock.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, July 30th.
Merchants Bancshares, Inc (NASDAQ: MBVT) is a bank holding company.