M&T Bank (MTB) Receives Media Impact Rating of 0.24
News stories about M&T Bank (NYSE:MTB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. M&T Bank earned a news impact score of 0.24 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.1263159981471 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Stock Traders Buy High Volume of M&T Bank Call Options (MTB) (americanbankingnews.com)
- M&T Bank’s (MTB) Buy Rating Reiterated at Royal Bank of Canada (americanbankingnews.com)
- Edited Transcript of MTB earnings conference call or presentation 18-Jan-18 4:00pm GMT (finance.yahoo.com)
- Company News For Jan 19, 2018 (finance.yahoo.com)
- M&T Bank (MTB) Announces Earnings Results, Beats Estimates By $0.26 EPS (americanbankingnews.com)
Shares of M&T Bank (NYSE:MTB) traded up $2.63 during mid-day trading on Friday, hitting $188.78. The company’s stock had a trading volume of 745,069 shares, compared to its average volume of 443,655. M&T Bank has a twelve month low of $141.12 and a twelve month high of $188.85. The stock has a market cap of $28,414.22, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.34 and a beta of 0.84. The company has a quick ratio of 1.05, a current ratio of 0.99 and a debt-to-equity ratio of 0.54.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, November 30th. M&T Bank’s dividend payout ratio is 34.52%.
MTB has been the subject of a number of recent analyst reports. Vining Sparks restated a “buy” rating and set a $200.00 price objective on shares of M&T Bank in a report on Monday, January 8th. ValuEngine upgraded M&T Bank from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Jefferies Group restated a “buy” rating and set a $201.00 price objective on shares of M&T Bank in a report on Monday, January 8th. Royal Bank of Canada restated a “buy” rating on shares of M&T Bank in a report on Friday. Finally, Morgan Stanley restated an “equal weight” rating and set a $180.00 price objective on shares of M&T Bank in a report on Thursday, December 14th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. M&T Bank presently has an average rating of “Hold” and an average price target of $171.12.
In related news, VP Michele D. Trolli sold 9,730 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $167.89, for a total transaction of $1,633,569.70. Following the completion of the sale, the vice president now directly owns 24,708 shares in the company, valued at approximately $4,148,226.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sadler, Jr. sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $171.19, for a total value of $171,190.00. Following the sale, the director now owns 52,049 shares of the company’s stock, valued at $8,910,268.31. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 114,000 shares of company stock valued at $9,710 and sold 32,128 shares valued at $5,474,208. 3.18% of the stock is currently owned by corporate 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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