M&T Bank (NYSE:MTB) posted its quarterly earnings data on Tuesday. The financial services provider reported $3.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.70 by ($0.29), MarketWatch Earnings reports. M&T Bank had a net margin of 24.89% and a return on equity of 10.39%. During the same period last year, the company earned $1.76 earnings per share.
NYSE:MTB traded down $4.20 during trading hours on Thursday, hitting $128.85. The company’s stock had a trading volume of 12,469 shares, compared to its average volume of 870,981. The company has a 50-day moving average price of $151.55. The firm has a market capitalization of $16.58 billion, a P/E ratio of 11.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.06 and a quick ratio of 1.06. M&T Bank has a 52-week low of $88.48 and a 52-week high of $168.27.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 1st were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.41%. The ex-dividend date was Friday, May 28th. M&T Bank’s payout ratio is 43.91%.
In other M&T Bank news, EVP D Scott N. Warman sold 4,000 shares of the stock in a transaction on Thursday, June 3rd. The stock was sold at an average price of $163.00, for a total value of $652,000.00. Following the completion of the transaction, the executive vice president now owns 14,486 shares in the company, valued at $2,361,218. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michele D. Trolli sold 4,967 shares of the stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $155.74, for a total value of $773,560.58. Following the completion of the transaction, the executive vice president now owns 10,622 shares of the company’s stock, valued at approximately $1,654,270.28. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
About M&T Bank
M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers.
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