M&T Bank (MTB) Earning Somewhat Positive Press Coverage, Analysis Shows

Headlines about M&T Bank (NYSE:MTB) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. M&T Bank earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 48.6529584921396 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s scoring:

MTB has been the subject of several research reports. Morgan Stanley reissued an “equal weight” rating and set a $180.00 price target on shares of M&T Bank in a report on Thursday, December 14th. Wells Fargo & Company set a $180.00 price target on M&T Bank and gave the stock a “hold” rating in a report on Wednesday. Zacks Investment Research raised M&T Bank from a “hold” rating to a “buy” rating and set a $168.00 price target for the company in a report on Tuesday, September 19th. Citigroup reissued a “neutral” rating and set a $170.00 price target (up from $160.00) on shares of M&T Bank in a report on Monday, October 9th. Finally, Nomura lifted their price target on M&T Bank from $145.00 to $162.00 and gave the stock a “neutral” rating in a report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $166.41.

Shares of M&T Bank (NYSE:MTB) traded down $1.37 during trading hours on Wednesday, hitting $172.53. The stock had a trading volume of 624,432 shares, compared to its average volume of 745,338. The firm has a market cap of $25,970.00, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.05 and a quick ratio of 1.05. M&T Bank has a 12 month low of $141.12 and a 12 month high of $176.62.

M&T Bank (NYSE:MTB) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. M&T Bank had a net margin of 23.97% and a return on equity of 9.52%. During the same period in the prior year, the firm earned $2.10 earnings per share. research analysts predict that M&T Bank will post 9.1 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, November 30th. M&T Bank’s dividend payout ratio (DPR) is currently 34.56%.

In other news, Director Gary N. Geisel sold 1,046 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $170.49, for a total value of $178,332.54. Following the completion of the transaction, the director now directly owns 17,586 shares of the company’s stock, valued at $2,998,237.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michele D. Trolli sold 9,730 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $167.89, for a total value of $1,633,569.70. Following the completion of the transaction, the vice president now directly owns 24,708 shares of the company’s stock, valued at $4,148,226.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 534,000 shares of company stock worth $43,440 and have sold 1,712,128 shares worth $5,604,108. 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.

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

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