Investors bought shares of M&T Bank Co. (NYSE:MTB) on weakness during trading hours on Wednesday after an insider sold shares in the company. $74.47 million flowed into the stock on the tick-up and $23.73 million flowed out of the stock on the tick-down, for a money net flow of $50.74 million into the stock. Of all companies tracked, M&T Bank had the 20th highest net in-flow for the day. M&T Bank traded down ($7.47) for the day and closed at $161.09Specifically, insider Sabeth Siddique sold 930 shares of M&T Bank stock in a transaction that occurred on Wednesday, October 31st. The shares were sold at an average price of $164.80, for a total value of $153,264.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard H. Jr. Ledgett sold 500 shares of M&T Bank stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $168.40, for a total transaction of $84,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,164 shares of company stock worth $524,899. 0.48% of the stock is currently owned by company insiders.

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of M&T Bank from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research report on Monday, September 3rd. Zacks Investment Research cut shares of M&T Bank from a “buy” rating to a “hold” rating in a research report on Friday, September 21st. Vining Sparks reiterated a “buy” rating and set a $220.00 price objective on shares of M&T Bank in a research report on Tuesday, October 9th. Morgan Stanley lowered their price objective on shares of M&T Bank from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 18th. Finally, ValuEngine upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $184.36.

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.64. The firm has a market cap of $23.72 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.86.

M&T Bank (NYSE:MTB) last posted its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $3.53 EPS for the quarter, beating the consensus estimate of $3.35 by $0.18. M&T Bank had a net margin of 26.84% and a return on equity of 13.15%. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $2.21 EPS. Sell-side analysts forecast that M&T Bank Co. will post 13.04 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 3rd will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, November 30th. M&T Bank’s dividend payout ratio is currently 42.78%.

Institutional investors have recently bought and sold shares of the company. Focused Wealth Management Inc purchased a new position in shares of M&T Bank during the 3rd quarter valued at $102,000. Amica Retiree Medical Trust purchased a new position in shares of M&T Bank during the 3rd quarter valued at $108,000. Sageworth Trust Co grew its holdings in shares of M&T Bank by 220.0% during the 3rd quarter. Sageworth Trust Co now owns 800 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 550 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of M&T Bank by 8,330.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 843 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 833 shares in the last quarter. Finally, NEXT Financial Group Inc purchased a new position in shares of M&T Bank during the 3rd quarter valued at $165,000. Institutional investors and hedge funds own 80.67% of the company’s stock.

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M&T Bank Company Profile (NYSE:MTB)

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide retail and commercial banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals.

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