M&T Bank Corp. VP Michael Spychala Sells 1,342 Shares (MTB)
M&T Bank Corp. (NYSE:MTB) VP Michael Spychala sold 1,342 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $113.26, for a total value of $151,994.92. Following the completion of the sale, the vice president now directly owns 35,544 shares in the company, valued at approximately $4,025,713. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MTB shares. Analysts at Zacks reiterated a “neutral” rating on shares of M&T Bank Corp. in a research note to investors on Friday, October 18th. They now have a $118.00 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of M&T Bank Corp. from $118.00 to $113.00 in a research note to investors on Friday, October 18th. They now have a “hold” rating on the stock. Finally, analysts at Macquarie downgraded shares of M&T Bank Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, October 18th. Fifteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $121.37.
Shares of M&T Bank Corp. (NYSE:MTB) traded down 0.30% during mid-day trading on Wednesday, hitting $112.87. 1,347,350 shares of the company’s stock traded hands. M&T Bank Corp. has a 1-year low of $93.03 and a 1-year high of $119.54. The stock’s 50-day moving average is $116.1 and its 200-day moving average is $108.1. The company has a market cap of $14.529 billion and a P/E ratio of 12.89.
M&T Bank Corp. (NYSE:MTB) last released its earnings data on Thursday, October 17th. The company reported $2.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.08 by $0.03. During the same quarter last year, the company posted $2.17 earnings per share. On average, analysts predict that M&T Bank Corp. will post $8.58 earnings per share for the current fiscal year.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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