Headlines about M&T Bank (NYSE:MTB) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. M&T Bank earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.1263159981471 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
Several research firms recently issued reports on MTB. Wedbush reiterated a “neutral” rating and set a $186.00 target price (up previously from $180.00) on shares of M&T Bank in a report on Tuesday, February 6th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of M&T Bank in a report on Tuesday, February 6th. Piper Jaffray Companies reiterated a “neutral” rating on shares of M&T Bank in a report on Thursday, January 18th. Zacks Investment Research upgraded M&T Bank from a “hold” rating to a “strong-buy” rating and set a $217.00 target price on the stock in a report on Wednesday, January 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $180.00 target price on shares of M&T Bank in a report on Thursday, December 14th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $176.12.
M&T Bank (NYSE:MTB) opened at $184.75 on Tuesday. The firm has a market capitalization of $27,487.12, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.17 and a beta of 0.91. The company has a current ratio of 0.99, a quick ratio of 1.05 and a debt-to-equity ratio of 0.54. M&T Bank has a 12-month low of $141.12 and a 12-month high of $193.85.
M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.40 by $0.26. M&T Bank had a return on equity of 10.12% and a net margin of 23.40%. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the business earned $1.98 earnings per share. The business’s revenue was up 2.8% compared to the same quarter last year. equities analysts forecast that M&T Bank will post 12.14 EPS for the current year.
M&T Bank declared that its board has approved a stock repurchase plan on Monday, February 5th that permits the company to repurchase $745.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
In other news, Director Robert E. Sadler, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $171.19, for a total value of $171,190.00. Following the transaction, the director now owns 52,049 shares of the company’s stock, valued at $8,910,268.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Richard S. Gold sold 4,904 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $191.50, for a total value of $939,116.00. Following the completion of the transaction, the chief operating officer now directly owns 44,888 shares in the company, valued at approximately $8,596,052. The disclosure for this sale can be found here. In the last ninety days, insiders bought 24,000 shares of company stock worth $2,310 and sold 92,427 shares worth $17,033,174. 3.18% of the stock is currently owned by corporate insiders.
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M&T Bank Company Profile
M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.
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