M&T Bank Co. (MTB) Insider Sells $133,792.00 in Stock
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 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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