M&T Bank Corporation Common Sto (NYSE:MTB):
M&T Bank Corporation to Participate in BancAnalysts Association of Boston Conference.
The company is so far trading up since yesterday’s close of $121.98.
The company declared a dividend for shareholders that was paid on Fri Sep 30, 2016. The dividend payment was $0.700 per share for the quarter or $2.80 annualized. This dividend amount represented a yeild of $2.35. The ex-dividend date was set for Tuesday the 30th of August 2016.
Company chares are trading at $122.07 which is marginally higher than the 50 day moving average which is $116.77 and just a bit higher than the 200 day moving average of $116.62. The 50 day moving average went up $5.30 or +4.54% and the 200 day average went up $5.45 or +4.68%.
The P/E ratio is 16.38 and market capitalization is 18.92B. As of the last earnings report the EPS was $7.45 and is projected to be $7.89 for the current year with 154,986,000 shares now outstanding. Analysts expect next quarter’s EPS will be $1.87 and the next full year EPS is projected to be $8.48.
A few brokerage analysts have provided guidance on MTB of late. On October 7, 2016 initiated coverage on the stock giving it an initial rating of “Neutral” and establishing a price target of $117.00. Wedbush began coverage setting a rating of “Neutral” and projecting a price target of $117.00.
On July 7, 2016 the stock rating was rated “Neutral” by Nomura down from the previous “Buy” rating. July 7 investment analysts at JP Morgan kept the company rating at “Neutral” but moved down the price target to $103.00 from $117.00.
On July 5 analysts at Piper Jaffray started covering the stock by announcing an initial rating of “Neutral”. On April 22 the company was changed to a “Hold” according to a Deutsche Bank report which is down from the previous “Buy” rating.