M&T Bank Corp. (NYSE:MTB) EVP Rene F. Jones sold 15,740 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $124.31, for a total value of $1,956,639.40. Following the transaction, the executive vice president now directly owns 61,474 shares in the company, valued at approximately $7,641,832.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

M&T Bank Corp. (NYSE:MTB) opened at 136.00 on Monday. The stock has a market cap of $21.09 billion, a P/E ratio of 18.24 and a beta of 0.70. M&T Bank Corp. has a 12-month low of $100.08 and a 12-month high of $136.16. The stock has a 50 day moving average price of $119.60 and a 200-day moving average price of $117.28.

M&T Bank Corp. (NYSE:MTB) last issued its earnings results on Wednesday, October 19th. The company reported $2.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.04 by $0.09. M&T Bank Corp. had a return on equity of 8.59% and a net margin of 22.32%. During the same period in the previous year, the company earned $1.93 EPS. On average, equities analysts expect that M&T Bank Corp. will post $7.90 earnings per share for the current year.

Insider Buying and Selling by Quarter for M&T Bank Corp. (NYSE:MTB)

A number of hedge funds and other institutional investors have recently modified their holdings of MTB. Renaissance Technologies LLC boosted its position in shares of M&T Bank Corp. by 121.7% in the first quarter. Renaissance Technologies LLC now owns 335,070 shares of the company’s stock worth $37,193,000 after buying an additional 183,900 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of M&T Bank Corp. by 3.2% in the first quarter. Nuveen Asset Management LLC now owns 9,520 shares of the company’s stock worth $1,057,000 after buying an additional 294 shares during the last quarter. AMP Capital Investors Ltd boosted its position in shares of M&T Bank Corp. by 1.4% in the first quarter. AMP Capital Investors Ltd now owns 37,135 shares of the company’s stock worth $4,158,000 after buying an additional 500 shares during the last quarter. National Pension Service boosted its position in shares of M&T Bank Corp. by 4.5% in the first quarter. National Pension Service now owns 76,328 shares of the company’s stock worth $8,472,000 after buying an additional 3,321 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of M&T Bank Corp. during the first quarter worth $3,392,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.

A number of research firms have weighed in on MTB. Wedbush assumed coverage on M&T Bank Corp. in a research note on Thursday, October 6th. They set a “neutral” rating and a $117.00 price objective on the stock. FBR & Co upped their price target on M&T Bank Corp. from $115.00 to $120.00 and gave the company a “mkt perform” rating in a research note on Thursday, October 20th. Barclays PLC reaffirmed a “buy” rating on shares of M&T Bank Corp. in a research note on Friday, August 12th. Credit Agricole SA upped their price target on M&T Bank Corp. from $128.00 to $129.00 and gave the company an “outperform” rating in a research note on Friday, September 23rd. Finally, Zacks Investment Research lowered M&T Bank Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. M&T Bank Corp. currently has an average rating of “Hold” and a consensus price target of $141.65.

About M&T Bank Corp.

M&T Bank Corporation (M&T) is a bank holding company. The Company, through its subsidiaries, M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.), offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T’s segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking.

5 Day Chart for NYSE:MTB

Receive News & Stock Ratings for M&T Bank Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&T Bank Corp. and related stocks with our FREE daily email newsletter.