M&T Bank (MTB) Gets a Hold Rating from Morgan Stanley


In a report released today, Ken Zerbe from Morgan Stanley maintained a Hold rating on M&T Bank (NYSE: MTB), with a price target of $190. The company’s shares closed yesterday at $169.72.

According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 12.8% and a 65.9% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Prosperity Bancshares, and Associated Banc-Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for M&T Bank with a $194 average price target.

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The company has a one-year high of $197.37 and a one-year low of $151.04. Currently, M&T Bank has an average volume of 917.3K.

Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Denis Salamone, a Director at MTB sold 25,209 shares for a total of $4,531,318.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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

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