Today it was reported that a Director at M&T Bank (NYSE: MTB), Denis Salamone, exercised options to sell 25,209 MTB shares at $143.17 a share, for a total transaction value of $4.53M.
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Based on M&T Bank’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.58 billion and quarterly net profit of $491 million. In comparison, last year the company earned revenue of $1.48 billion and had a net profit of $379 million. MTB’s market cap is $25.93B and the company has a P/E ratio of 18.51. Currently, M&T Bank has an average volume of 756.4K.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $194.57, reflecting a 8.9% upside.
The insider sentiment on M&T Bank has been negative according to 144 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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M&T Bank Corp. is a a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management and investment services, through its wholly owned subsidiaries, M&T Bank and Wilmington Trust NA. It operates through following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Re
