M&T Bank Co. (NYSE:MTB) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $178.91.
Several analysts have recently commented on MTB shares. Citigroup upped their price objective on shares of M&T Bank from $162.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Robert W. Baird cut shares of M&T Bank from an “outperform” rating to a “neutral” rating and set a $175.00 target price for the company. in a research note on Thursday, February 21st. ValuEngine upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Zacks Investment Research cut shares of M&T Bank from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, UBS Group set a $169.00 target price on shares of M&T Bank and gave the company a “hold” rating in a research note on Tuesday, April 2nd.
MTB stock opened at $168.28 on Friday. The firm has a market capitalization of $22.67 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.50 and a beta of 1.05. The company has a current ratio of 1.01, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. M&T Bank has a 12 month low of $133.78 and a 12 month high of $187.07.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 4th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, March 1st. M&T Bank’s dividend payout ratio is currently 31.10%.
In other M&T Bank news, VP Michele D. Trolli sold 5,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $173.14, for a total transaction of $865,700.00. Following the completion of the transaction, the vice president now directly owns 10,878 shares in the company, valued at $1,883,416.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Darren J. King sold 10,000 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $164.56, for a total transaction of $1,645,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,766 shares of company stock valued at $2,977,668. Company insiders own 0.54% of the company’s stock.
Large investors have recently bought and sold shares of the business. First Hawaiian Bank raised its position in M&T Bank by 111.7% during the first quarter. First Hawaiian Bank now owns 4,265 shares of the financial services provider’s stock worth $669,000 after acquiring an additional 2,250 shares during the period. Banco Santander S.A. acquired a new stake in shares of M&T Bank in the fourth quarter valued at about $23,961,000. UMB Bank N A MO raised its position in shares of M&T Bank by 10.4% in the fourth quarter. UMB Bank N A MO now owns 2,041 shares of the financial services provider’s stock valued at $292,000 after buying an additional 192 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID raised its position in shares of M&T Bank by 3.1% in the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 65,456 shares of the financial services provider’s stock valued at $9,369,000 after buying an additional 1,973 shares during the last quarter. Finally, TD Asset Management Inc. raised its position in shares of M&T Bank by 0.5% in the fourth quarter. TD Asset Management Inc. now owns 61,908 shares of the financial services provider’s stock valued at $8,861,000 after buying an additional 312 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.
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 banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.
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