M&T Bank Co. (MTB) Plans Quarterly Dividend of $0.70
M&T Bank Co. (NYSE:MTB) declared a quarterly dividend on Tuesday, May 20th, Analyst Ratings Network.com reports. Stockholders of record on Monday, June 2nd will be given a dividend of 0.70 per share on Monday, June 30th. This represents a $2.80 dividend on an annualized basis and a yield of 2.35%.
A number of analysts have recently weighed in on MTB shares. Analysts at Nomura initiated coverage on shares of M&T Bank Co. in a research note on Wednesday, May 14th. They set a “buy” rating and a $146.00 price target on the stock. On the ratings front, analysts at Jefferies Group reiterated a “hold” rating on shares of M&T Bank Co. in a research note on Monday, May 12th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of M&T Bank Co. in a research note on Monday, May 12th. They now have a $135.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. M&T Bank Co. currently has a consensus rating of “Hold” and an average price target of $122.71.
Shares of M&T Bank Co. (NYSE:MTB) traded down 0.60% during mid-day trading on Tuesday, hitting $119.39. The stock had a trading volume of 575,807 shares. M&T Bank Co. has a 1-year low of $100.67 and a 1-year high of $124.16. The stock’s 50-day moving average is $121.0 and its 200-day moving average is $116.4. The company has a market cap of $15.698 billion and a price-to-earnings ratio of 15.34.
M&T Bank Co. (NYSE:MTB) last released its earnings data on Monday, April 14th. The company reported $1.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.62 by $0.04. During the same quarter last year, the company posted $2.06 earnings per share. Analysts expect that M&T Bank Co. will post $7.65 EPS for the current fiscal year.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.