News headlines about M&T Bank Co. (NYSE:MTB) have been trending positive on Saturday, according to Alpha One Sentiment Analysis. Alpha One, a division of Accern, rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. M&T Bank Co. earned a media sentiment score of 0.29 on Alpha One’s scale. Alpha One also gave news coverage about the bank an impact score of 81 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Alpha One Sentiment’s analysis:
M&T Bank Co. (NYSE:MTB) traded down 0.10% during mid-day trading on Friday, hitting $158.93. 365,928 shares of the stock were exchanged. M&T Bank Co. has a one year low of $108.04 and a one year high of $173.72. The company has a market cap of $24.44 billion, a P/E ratio of 19.45 and a beta of 0.77. The company has a 50-day moving average price of $155.12 and a 200-day moving average price of $152.12.
M&T Bank Co. (NYSE:MTB) last announced its earnings results on Monday, April 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.18. The company earned $1.36 billion during the quarter, compared to analysts’ expectations of $1.34 billion. M&T Bank Co. had a net margin of 22.98% and a return on equity of 8.98%. During the same quarter in the previous year, the business posted $1.87 earnings per share. Analysts forecast that M&T Bank Co. will post $9.12 earnings per share for the current fiscal year.
MTB has been the subject of a number of research reports. Zacks Investment Research upgraded shares of M&T Bank Co. from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research report on Tuesday, January 24th. Royal Bank of Canada reiterated a “buy” rating and issued a $168.00 price objective on shares of M&T Bank Co. in a research report on Tuesday, April 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $152.00 price objective on shares of M&T Bank Co. in a research report on Thursday, March 23rd. Sandler O’Neill reiterated a “hold” rating on shares of M&T Bank Co. in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $174.00 price objective on shares of M&T Bank Co. in a research report on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $154.43.
In other M&T Bank Co. news, VP John L. Dangelo sold 1,000 shares of M&T Bank Co. stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $168.56, for a total transaction of $168,560.00. Following the completion of the transaction, the vice president now owns 1,829 shares in the company, valued at $308,296.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sabeth Siddique sold 1,900 shares of M&T Bank Co. stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $162.62, for a total transaction of $308,978.00. Following the transaction, the insider now owns 2,654 shares of the company’s stock, valued at approximately $431,593.48. The disclosure for this sale can be found here. Insiders own 3.63% of the company’s stock.
M&T Bank Co. Company Profile
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.