Insider Selling: Stephen J. Braunscheidel Unloads 1,985 Shares of M&T Bank Corp. Stock (MTB)
M&T Bank Corp. (NYSE:MTB) EVP Stephen J. Braunscheidel sold 1,985 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $110.73, for a total transaction of $219,799.05. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on MTB. Analysts at Citigroup Inc. raised their price target on shares of M&T Bank Corp. from $112.00 to $120.00 in a research note to investors on Monday. Separately, analysts at Raymond James downgraded shares of M&T Bank Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 21st. They now have a $120.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of M&T Bank Corp. in a research note to investors on Monday, January 20th. They now have a $118.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $122.24.
M&T Bank Corp. (NYSE:MTB) traded up 0.96% on Thursday, hitting $112.42. The stock had a trading volume of 567,144 shares. M&T Bank Corp. has a 1-year low of $95.68 and a 1-year high of $119.54. The stock has a 50-day moving average of $113.7 and a 200-day moving average of $114.2. The company has a market cap of $14.678 billion and a price-to-earnings ratio of 13.29.
M&T Bank Corp. (NYSE:MTB) last posted its quarterly earnings results on Friday, January 17th. The company reported $1.74 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.94 by $0.20. During the same quarter in the prior year, the company posted $2.16 earnings per share. Analysts expect that M&T Bank Corp. will post $7.74 EPS for the current fiscal year.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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