M&T Bank Corporation Common Sto (NYSE:MTB):
M&T Bank Corporation Announces Third Quarter Results.
The company is up by 0.07 percent from yesterday’s close.
The company announced a dividend that was paid on Fri Sep 30, 2016. The dividend payment was $0.700 per share for the quarter which is $2.80 annualized. This dividend represents a yeild of $2.35 which is the dividend as a percentage of the current share price. The ex-dividend date was Tuesday the 30th of August 2016.
It is currently trading at $122.07 which is just over the 50 day moving average of $116.77 and which is marginally higher than the 200 day moving average of $116.62. The 50 day moving average moved up $5.30 and the 200 day average moved up $5.45.
M&T Bank Corporation Common Sto’s P/E ratio is 16.38 and market cap is 18.92B. In the last earnings report the EPS was $7.45 and is expected to be $7.89 for the current year with 154,986,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.87 and the next full year EPS is projected to be $8.48.
Several Wall Street analysts have released ratings on the company. Equity analyst added the stock to its research portfolio with a rating of “Neutral” and establishing a price target of $117.00. Wedbush starting coverage on MTB by announcing an initial rating of “Neutral” and a price target of $117.00.
On July 7 the stock rating was downgraded to “Neutral” from “Buy” by analysts at Nomura. July 7 investment analysts at JP Morgan kept the stock rating at “Neutral” and moved down the price target to $103.00 from $117.00.
On July 5 analysts at Piper Jaffray began coverage 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 down from the previous “Buy” rating.