Media stories about M&T Bank (NYSE:MTB) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. M&T Bank earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.7457047441886 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Jefferies Group Comments on M&T Bank Co.’s FY2017 Earnings (MTB) (americanbankingnews.com)
- M&T Bank (MTB) to Release Quarterly Earnings on Thursday (americanbankingnews.com)
- FY2018 EPS Estimates for M&T Bank Co. (MTB) Raised by Jefferies Group (americanbankingnews.com)
- Q4 2017 Earnings Forecast for M&T Bank Co. (MTB) Issued By Jefferies Group (americanbankingnews.com)
- M&T Bank’s (MTB) “Buy” Rating Reaffirmed at Jefferies Group (americanbankingnews.com)
Shares of M&T Bank (NYSE:MTB) traded up $0.53 during trading hours on Friday, hitting $178.52. The stock had a trading volume of 439,557 shares, compared to its average volume of 477,154. The stock has a market cap of $26,790.24, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.05 and a quick ratio of 1.05. M&T Bank has a fifty-two week low of $141.12 and a fifty-two week high of $179.49.
M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $2.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by ($0.19). The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. M&T Bank had a return on equity of 9.52% and a net margin of 23.97%. During the same period last year, the firm earned $2.10 EPS. sell-side analysts expect that M&T Bank will post 9.1 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Thursday, November 30th. M&T Bank’s dividend payout ratio (DPR) is 34.64%.
MTB has been the topic of several recent research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 price target (down previously from $171.00) on shares of M&T Bank in a research report on Saturday, September 16th. Zacks Investment Research cut M&T Bank from a “buy” rating to a “hold” rating in a research report on Monday, October 9th. Robert W. Baird restated a “sell” rating and issued a $130.00 price target on shares of M&T Bank in a research report on Friday, October 6th. Barclays boosted their price target on M&T Bank from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Finally, Vining Sparks reiterated a “buy” rating and set a $200.00 target price on shares of M&T Bank in a research report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. M&T Bank has a consensus rating of “Hold” and a consensus price target of $170.78.
In other news, Director Gary N. Geisel sold 1,046 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $170.49, for a total transaction of $178,332.54. Following the sale, the director now owns 17,586 shares of the company’s stock, valued at approximately $2,998,237.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michele D. Trolli sold 9,730 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $167.89, for a total value of $1,633,569.70. Following the sale, the vice president now directly owns 24,708 shares in the company, valued at approximately $4,148,226.12. The disclosure for this sale can be found here. In the last three months, insiders have bought 141,000 shares of company stock worth $11,600 and have sold 32,128 shares worth $5,474,208. 3.18% of the stock is owned by insiders.
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About M&T Bank
M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.
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