Insider Selling: M&T Bank Co. (MTB) EVP Sells 934 Shares of Stock

Share on StockTwits

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.

Large investors have recently bought and sold shares of the business. Focused Wealth Management Inc purchased a new stake in M&T Bank in the 3rd quarter valued at about $102,000. Amica Retiree Medical Trust purchased a new stake in shares of M&T Bank during the 3rd quarter worth approximately $108,000. Sageworth Trust Co increased its stake in shares of M&T Bank by 220.0% during the 3rd quarter. Sageworth Trust Co now owns 800 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 550 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of M&T Bank by 8,330.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 843 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 833 shares during the last quarter. Finally, NEXT Financial Group Inc purchased a new stake in shares of M&T Bank during the 3rd quarter worth approximately $165,000. Hedge funds and other institutional investors own 80.96% of the company’s stock.

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.

COPYRIGHT VIOLATION NOTICE: This article was originally published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/3949060/insider-selling-mt-bank-co-mtb-evp-sells-934-shares-of-stock.html.

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.

Further Reading: Why does a company issue an IPO?

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

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

Latest News

MONDI/PAR VTG FPD 0.2  Receives GBX 2,475 Consensus Price Target from Brokerages
MONDI/PAR VTG FPD 0.2 Receives GBX 2,475 Consensus Price Target from Brokerages
Hercules Capital  Sets New 1-Year Low at $11.51
Hercules Capital Sets New 1-Year Low at $11.51
Comcast Hld Cnv Nt Debent  Hits New 52-Week Low at $48.54
Comcast Hld Cnv Nt Debent Hits New 52-Week Low at $48.54
FLO  Hits Market Capitalization of $3.96 Million
FLO Hits Market Capitalization of $3.96 Million
Basic Attention Token 1-Day Trading Volume Hits $3.91 Million
Basic Attention Token 1-Day Trading Volume Hits $3.91 Million
John Bello Acquires 10,000 Shares of Reed’s, Inc.  Stock
John Bello Acquires 10,000 Shares of Reed’s, Inc. Stock


© 2006-2018 Ticker Report