M&T Bank Corp. (NYSE:MTB) insider Michael J. Todaro sold 13,101 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $141.68, for a total transaction of $1,856,149.68. Following the sale, the insider now owns 15,155 shares of the company’s stock, valued at approximately $2,147,160.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of M&T Bank Corp. (NYSE:MTB) opened at 143.57 on Friday. The firm has a market cap of $22.26 billion, a P/E ratio of 19.26 and a beta of 0.70. M&T Bank Corp. has a 12-month low of $100.08 and a 12-month high of $143.99. The firm’s 50-day moving average price is $125.12 and its 200 day moving average price is $118.60.

M&T Bank Corp. (NYSE:MTB) last released its quarterly earnings data on Wednesday, October 19th. The company reported $2.13 earnings per share (EPS) for the quarter, topping the 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 quarter last year, the company earned $1.93 earnings per share. On average, equities analysts expect that M&T Bank Corp. will post $7.89 earnings per share for the current fiscal year.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 2nd will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Wednesday, November 30th. M&T Bank Corp.’s payout ratio is presently 37.53%.

Several research firms have weighed in on MTB. Sanford C. Bernstein reiterated a “market perform” rating on shares of M&T Bank Corp. in a research note on Saturday, November 19th. FBR & Co boosted their target price on shares of 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. Robert W. Baird reiterated an “underperform” rating on shares of M&T Bank Corp. in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of M&T Bank Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Finally, Barclays PLC reiterated a “buy” rating on shares of M&T Bank Corp. in a research note on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. M&T Bank Corp. currently has an average rating of “Hold” and an average target price of $120.50.

Several hedge funds have recently made changes to their positions in MTB. ETRADE Capital Management LLC acquired a new stake in shares of M&T Bank Corp. during the third quarter valued at approximately $287,000. Price T Rowe Associates Inc. MD boosted its stake in shares of M&T Bank Corp. by 1.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 501,261 shares of the company’s stock valued at $58,196,000 after buying an additional 9,328 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of M&T Bank Corp. during the third quarter valued at approximately $491,000. LPL Financial LLC boosted its stake in shares of M&T Bank Corp. by 0.4% in the third quarter. LPL Financial LLC now owns 9,805 shares of the company’s stock valued at $1,142,000 after buying an additional 38 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake in shares of M&T Bank Corp. by 12.5% in the third quarter. Mosaic Family Wealth LLC now owns 1,130 shares of the company’s stock valued at $131,000 after buying an additional 126 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

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M&T Bank Corp. Company Profile

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

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