Merchants Bancshares,Inc. (MBVT) Stake Increased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in shares of Merchants Bancshares,Inc. (NASDAQ:MBVT) by 66.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 139,400 shares of the financial services provider’s stock after buying an additional 55,500 shares during the period. Renaissance Technologies LLC’s holdings in Merchants Bancshares,Inc. were worth $7,555,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Merchants Bancshares,Inc. during the fourth quarter valued at $159,000. Trust Co. of Vermont boosted its position in Merchants Bancshares,Inc. by 2.5% in the third quarter. Trust Co. of Vermont now owns 12,252 shares of the financial services provider’s stock valued at $396,000 after buying an additional 300 shares in the last quarter. Tdam USA Inc. boosted its position in Merchants Bancshares,Inc. by 0.3% in the third quarter. Tdam USA Inc. now owns 23,470 shares of the financial services provider’s stock valued at $760,000 after buying an additional 80 shares in the last quarter. Banc Funds Co. LLC boosted its position in Merchants Bancshares,Inc. by 29.4% in the third quarter. Banc Funds Co. LLC now owns 54,212 shares of the financial services provider’s stock valued at $1,756,000 after buying an additional 12,311 shares in the last quarter. Finally, Crawford Investment Counsel Inc. boosted its position in Merchants Bancshares,Inc. by 8.1% in the third quarter. Crawford Investment Counsel Inc. now owns 67,725 shares of the financial services provider’s stock valued at $2,194,000 after buying an additional 5,066 shares in the last quarter. 38.63% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Merchants Bancshares,Inc. (NASDAQ:MBVT)

Merchants Bancshares,Inc. (NASDAQ:MBVT) opened at 47.40 on Tuesday. Merchants Bancshares,Inc. has a 12-month low of $28.16 and a 12-month high of $54.80. The company has a market capitalization of $327.49 million, a PE ratio of 21.94 and a beta of 0.89. The firm has a 50-day moving average of $50.62 and a 200 day moving average of $46.04.

Merchants Bancshares,Inc. (NASDAQ:MBVT) last posted its earnings results on Thursday, January 26th. The financial services provider reported $0.73 EPS for the quarter, topping the 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%. Analysts forecast that Merchants Bancshares,Inc. will post $2.52 EPS for the current fiscal year.

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Merchants Bancshares,Inc. Company Profile

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. The Bank operates approximately 30 full-service banking offices and over 40 automated teller machines (ATMs) located across the state of Vermont, and a full-service banking office in Massachusetts.

5 Day Chart for NASDAQ:MBVT

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