MBVT Profile
Merchants Bancshares, Inc. (MBVT) is a bank holding company headquartered in South Burlington, Vermont. It operates through its subsidiary, Merchants Bank, which provides a range of commercial, retail and financial services to individuals, businesses and municipalities in Vermont and New Hampshire. The bank offers a variety of products such as checking and savings accounts, loans, mortgages, online banking and bill payment, mobile banking, and cash management services.
Founded in 1849, Merchants Bank has a long history of providing quality banking services to its customers. As of December 31, 2021, the bank had total assets of $2.5 billion, total loans of $1.8 billion, and total deposits of $2.1 billion. The bank has a strong capital position with a Tier 1 leverage ratio of 10.63%, which is well above the regulatory requirement of 5%. Merchants Bank has also been recognized for its financial performance and customer service by various organizations, including BauerFinancial and Greenwich Associates.
In addition to its traditional banking services, Merchants Bank also provides wealth management and trust services through its subsidiary, Merchants Trust Company. The subsidiary offers investment management, retirement planning, trust administration, and estate planning services to individuals, families, and businesses.
Merchants Bancshares, Inc. is publicly traded on the NASDAQ stock exchange under the ticker symbol MBVT. As of February 23, 2022, the company had a market capitalization of approximately $183 million. The stock has a 52-week range of $22.02 to $32.20 and a current dividend yield of 2.83%. The company has a P/E ratio of 9.98 and a P/B ratio of 1.06.
In conclusion, Merchants Bancshares, Inc. is a well-established bank holding company that has been providing quality banking services to its customers for over 170 years. The bank has a strong capital position, a history of financial performance, and a range of products and services that cater to the needs of individuals, businesses, and municipalities. As such, it may be worth considering for investors looking for a stable and reliable financial institution.
|
