M&T Bank (NYSE:MTB – Get Rating) announced its earnings results on Thursday. The financial services provider reported $4.29 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.21), RTT News reports. M&T Bank had a net margin of 22.80% and a return on equity of 10.74%. During the same period in the prior year, the company posted $3.37 EPS.
M&T Bank Trading Down 0.1 %
M&T Bank stock opened at $153.69 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. M&T Bank has a one year low of $138.43 and a one year high of $193.42. The stock has a market capitalization of $26.53 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.84 and a beta of 0.83. The business’s fifty day moving average is $154.22 and its 200 day moving average is $168.42.
M&T Bank Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 1st were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, November 30th. This represents a $4.80 annualized dividend and a dividend yield of 3.12%. M&T Bank’s dividend payout ratio (DPR) is presently 45.28%.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On M&T Bank
Institutional investors have recently modified their holdings of the business. Worth Asset Management LLC purchased a new stake in shares of M&T Bank during the first quarter valued at $58,000. Covestor Ltd lifted its holdings in M&T Bank by 44.2% in the first quarter. Covestor Ltd now owns 519 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 159 shares during the period. First Command Bank lifted its holdings in M&T Bank by 17.0% in the second quarter. First Command Bank now owns 998 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 145 shares during the period. Armbruster Capital Management Inc. bought a new position in M&T Bank in the third quarter valued at about $212,000. Finally, Ascent Group LLC bought a new position in M&T Bank in the third quarter valued at about $209,000. 84.10% of the stock is owned by hedge funds and other institutional investors.
M&T Bank Company Profile
M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management and investment services. It operates through the following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking, and Retail Banking.
- Get a free copy of the StockNews.com research report on M&T Bank (MTB)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for M&T Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&T Bank and related companies with MarketBeat.com's FREE daily email newsletter.