M&T Bank Corporation Common Sto (NYSE:MTB):
M&T Bank Corporation Acknowledges the Passing of Director Richard G. King.
The company is trading up since yesterday’s close of $114.13.
The company announced a dividend that will be paid on Friday September 30th, 2016. The dividend payment will be $0.700 per share for the quarter which comes to $2.80 on an annualized basis. This dividend amount will represent a yeild of $2.39. The ex-dividend date will be on Tuesday August 30th, 2016.
Company shares last traded at $115.24 just below $116.86, the 50 day moving average and which is just a bit below the 200 day moving average of $115.69. The 50 day moving average was down $-1.44 and the 200 day average moved down $-0.27.
The P/E ratio is currently 15.87 and the market cap is 18.09B. As of the latest earnings report the EPS was $7.27 and is expected to be $7.96 for the current year with 156,769,000 shares presently outstanding. Next quarter’s EPS is forecasted at $2.07 with next year’s EPS projected to be $8.60.
Investment analysts have issued ratings on MTB. July 7 investment analysts at JP Morgan maintained a stock rating of “Neutral” and moved down the price target from $117.00 to $103.00. On July 7 the company was downgraded from “Buy” to “Neutral” in an announcement from Nomura.
Equity analyst Piper Jaffray starting coverage on MTB giving it an initial rating of “Neutral”. On April 22, 2016 the stock rating was changed to a “Hold” according to a Deutsche Bank report a cut from the previous “Buy” rating.
On April 21 the stock rating was downgraded to “Underperform” from “” and a price target of $115.00 was set in a report from Portales. On April 21 the company was downgraded from “Neutral” to “Underperform” with a current price target of $115.00 by Baird.