M&T Bank Co. (NYSE:MTB) insider Doris P. Meister sold 800 shares of the firm’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $167.24, for a total value of $133,792.00. Following the transaction, the insider now directly owns 342 shares of the company’s stock, valued at approximately $57,196.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

MTB stock opened at $167.50 on Wednesday. M&T Bank Co. has a 52-week low of $154.33 and a 52-week high of $197.37. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $23.18 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.18. M&T Bank had a return on equity of 13.15% and a net margin of 26.84%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $2.21 earnings per share. As a group, equities research analysts predict that M&T Bank Co. will post 13.04 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of MTB. Renaissance Technologies LLC boosted its holdings in shares of M&T Bank by 15,311.4% during the second quarter. Renaissance Technologies LLC now owns 638,342 shares of the financial services provider’s stock worth $108,614,000 after purchasing an additional 634,200 shares during the last quarter. Millennium Management LLC boosted its holdings in M&T Bank by 64.8% in the second quarter. Millennium Management LLC now owns 1,341,236 shares of the financial services provider’s stock valued at $228,211,000 after acquiring an additional 527,556 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in M&T Bank by 104.2% in the third quarter. Janus Henderson Group PLC now owns 727,518 shares of the financial services provider’s stock valued at $119,706,000 after acquiring an additional 371,263 shares during the last quarter. FMR LLC boosted its holdings in M&T Bank by 7.5% in the second quarter. FMR LLC now owns 4,251,775 shares of the financial services provider’s stock valued at $723,439,000 after acquiring an additional 297,143 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in M&T Bank by 136.7% in the third quarter. First Trust Advisors LP now owns 354,494 shares of the financial services provider’s stock valued at $58,328,000 after acquiring an additional 204,745 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Several research firms have weighed in on MTB. Zacks Investment Research downgraded M&T Bank from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Wedbush raised their price target on M&T Bank from $190.00 to $197.00 and gave the stock a “neutral” rating in a research report on Thursday, July 19th. Morgan Stanley raised their price target on M&T Bank from $191.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Friday, July 20th. ValuEngine raised M&T Bank from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Finally, Piper Jaffray Companies raised M&T Bank from a “neutral” rating to an “overweight” rating and set a $194.00 price target for the company in a research report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. M&T Bank currently has an average rating of “Hold” and a consensus price target of $184.36.

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M&T Bank Company Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide retail and commercial banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals.

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