The E.V.P. of M&T Bank (MTB) is Selling Shares


Today, the E.V.P. of M&T Bank (MTB), Darren King, sold shares of MTB for $300K.

Following Darren King’s last MTB Sell transaction on December 02, 2015, the stock climbed by 45.3%. In addition to Darren King, 3 other MTB executives reported Sell trades in the last month.

See today’s analyst top recommended stocks >>

Based on M&T Bank’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.68 billion and quarterly net profit of $480 million. In comparison, last year the company earned revenue of $1.51 billion and had a net profit of $351 million. MTB’s market cap is $22.16B and the company has a P/E ratio of 11.67. Currently, M&T Bank has an average volume of 991.1K.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $182.50, reflecting a 14.3% upside.

The insider sentiment on M&T Bank has been negative according to 147 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Darren King’s trades have generated a -9.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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. operates as 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 Portfo

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts