M&T Bank Co. (NYSE:MTB) Director Robert E. Sadler, Jr. Sells 1,000 Shares

M&T Bank Co. (NYSE:MTB) Director Robert E. Sadler, Jr. sold 1,000 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $194.85, for a total value of $194,850.00. Following the sale, the director now directly owns 52,197 shares in the company, valued at $10,170,585.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of MTB stock traded down $4.87 on Friday, hitting $181.69. 641,493 shares of the company’s stock were exchanged, compared to its average volume of 619,647. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.54. M&T Bank Co. has a 12 month low of $141.12 and a 12 month high of $197.37. The company has a market cap of $28,017.00, a P/E ratio of 19.43, a P/E/G ratio of 1.19 and a beta of 0.90.

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M&T Bank (NYSE:MTB) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.26. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.41 billion. M&T Bank had a return on equity of 10.12% and a net margin of 23.40%. M&T Bank’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.98 EPS. equities research analysts anticipate that M&T Bank Co. will post 12.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Monday, March 5th were given a $0.75 dividend. The ex-dividend date was Friday, March 2nd. This represents a $3.00 annualized dividend and a yield of 1.65%. M&T Bank’s dividend payout ratio is presently 32.09%.

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 shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Several analysts have recently issued reports on the company. Zacks Investment Research raised M&T Bank from a “hold” rating to a “buy” rating and set a $201.00 target price on the stock in a report on Tuesday. Morgan Stanley reissued an “equal weight” rating and set a $180.00 target price on shares of M&T Bank in a report on Thursday, December 14th. Wedbush reissued a “neutral” rating and set a $186.00 target price (up from $180.00) on shares of M&T Bank in a report on Tuesday, February 6th. Piper Jaffray reissued a “neutral” rating on shares of M&T Bank in a report on Thursday, January 18th. Finally, Vining Sparks reissued a “buy” rating and set a $200.00 target price on shares of M&T Bank in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. M&T Bank presently has an average rating of “Hold” and a consensus price target of $175.47.

A number of institutional investors have recently bought and sold shares of the business. New Mexico Educational Retirement Board raised its position in M&T Bank by 2.1% in the fourth quarter. New Mexico Educational Retirement Board now owns 14,590 shares of the financial services provider’s stock valued at $2,495,000 after purchasing an additional 300 shares during the last quarter. ETRADE Capital Management LLC raised its position in M&T Bank by 9.8% in the fourth quarter. ETRADE Capital Management LLC now owns 3,778 shares of the financial services provider’s stock valued at $646,000 after purchasing an additional 336 shares during the last quarter. Strs Ohio raised its position in M&T Bank by 2.7% in the fourth quarter. Strs Ohio now owns 12,987 shares of the financial services provider’s stock valued at $2,220,000 after purchasing an additional 341 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in M&T Bank by 3.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 11,891 shares of the financial services provider’s stock valued at $2,033,000 after purchasing an additional 417 shares during the last quarter. Finally, MML Investors Services LLC raised its position in M&T Bank by 7.3% in the fourth quarter. MML Investors Services LLC now owns 6,958 shares of the financial services provider’s stock valued at $1,190,000 after purchasing an additional 473 shares during the last quarter. Hedge funds and other institutional investors own 77.62% of the company’s stock.

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About M&T Bank

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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