M&T Bank Co. (NYSE:MTB) EVP Robert J. Bojdak sold 934 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $164.50, for a total transaction of $153,643.00. Following the completion of the transaction, the executive vice president now directly owns 19,567 shares in the company, valued at approximately $3,218,771.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
NYSE:MTB traded up $0.75 on Friday, hitting $169.04. The stock had a trading volume of 1,038,399 shares, compared to its average volume of 961,528. 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 $23.20 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.05 and a beta of 0.86. M&T Bank Co. has a 1 year low of $154.33 and a 1 year high of $197.37.
M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $3.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.35 by $0.18. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.50 billion. M&T Bank had a net margin of 26.84% and a return on equity of 13.15%. During the same quarter last year, the business posted $2.21 EPS. As a group, sell-side analysts forecast that M&T Bank Co. will post 13.04 earnings per share for the current year.
Several equities analysts recently weighed in on MTB shares. Morgan Stanley raised their price target on shares of M&T Bank from $191.00 to $195.00 and gave the company an “equal weight” rating in a research report on Friday, July 20th. Keefe, Bruyette & Woods raised shares of M&T Bank from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a research report on Monday, September 3rd. Zacks Investment Research cut shares of M&T Bank from a “buy” rating to a “hold” rating in a research report on Friday, September 21st. Goldman Sachs Group raised shares of M&T Bank from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 26th. Finally, ValuEngine cut shares of M&T Bank from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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