M&T Bank Co. EVP Kevin J. Pearson Sells 10,055 Shares (MTB)
M&T Bank Co. (NYSE:MTB) EVP Kevin J. Pearson sold 10,055 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $120.07, for a total value of $1,207,303.85. Following the completion of the sale, the executive vice president now directly owns 27,178 shares of the company’s stock, valued at approximately $3,263,262. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of M&T Bank Co. from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st. They now have a $141.00 price target on the stock, up previously from $125.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of M&T Bank Co. in a research note on Friday, July 18th. They now have a $128.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of M&T Bank Co. from $118.00 to $120.00 in a research note on Friday, July 18th. They now have a “market perform” rating on the stock. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $124.12.
Shares of M&T Bank Co. (NYSE:MTB) traded down 0.12% during mid-day trading on Friday, hitting $119.96. The stock had a trading volume of 480,010 shares. M&T Bank Co. has a 1-year low of $109.16 and a 1-year high of $125.90. The stock’s 50-day moving average is $121.9 and its 200-day moving average is $119.. The company has a market cap of $15.831 billion and a P/E ratio of 16.52.
M&T Bank Co. (NYSE:MTB) last released its earnings data on Thursday, July 17th. The company reported $1.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.90 by $0.08. During the same quarter last year, the company posted $2.55 earnings per share. On average, analysts predict that M&T Bank Co. will post $7.62 earnings per share for the current fiscal year.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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