Castine Capital Management buys $9,152,593 stake in Merchants Bancshares (MBVT)

Merchants Bancshares (MBVT) : Castine Capital Management scooped up 133,558 additional shares in Merchants Bancshares during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 283,362 shares of Merchants Bancshares which is valued at $9,152,593.Merchants Bancshares makes up approximately 4.12% of Castine Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in MBVT in the latest quarter, The investment management firm added 4,414 additional shares and now holds a total of 151,349 shares of Merchants Bancshares which is valued at $4,888,573.Winslow Evans Crocker reduced its stake in MBVT by selling 241 shares or 12.7% in the most recent quarter. The Hedge Fund company now holds 1,656 shares of MBVT which is valued at $53,820. Merchants Bancshares makes up approx 0.02% of Winslow Evans Crocker’s portfolio.

Merchants Bancshares opened for trading at $33.12 and hit $33.49 on the upside on Thursday, eventually ending the session at $33.44, with a gain of 0.72% or 0.24 points. The heightened volatility saw the trading volume jump to 11,935 shares. Company has a market cap of $230 M.

Merchants Bancshares Inc. (the Bank) is a bank holding company. The Bank offers a full range of deposit loan cash management and trust services to meet the financial needs of individual consumers businesses and municipalities. The Bank’s primary subsidiary Merchants Bank is a commercial bank with 32 full-service banking offices located throughout the state of Vermont. Merchants Bank’s trust division offers investment management financial planning and trustee services. MBVT Statutory Trust I a trust affiliate of the Bank was formed for the sole purpose of issuing non-voting capital securities. The Bank offers commercial financial and agricultural loans municipal loans residential real estate loans commercial real estate loans construction real estate loans and consumer installment loans.

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