M&t Bank Corp (MTB): Mark J Czarnecki , President of M&t Bank Corp sold 25,332 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were sold at $115.04 per share for a total value of $2,914,064.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 2, 2016, D Scott N Warman (Executive Vice President) sold 503 shares at $119.72 per share price.On Apr 26, 2016, John L Dangelo (Sr. VP & General Auditor) sold 1,050 shares at $119.13 per share price.Also, On Dec 18, 2015, Richard S Gold (Executive Vice President) sold 6,225 shares at $125.37 per share price.On Dec 16, 2015, Michael R Spychala (Sr. VP & Controller) sold 7,090 shares at $124.59 per share price.
Shares of M&T Bank Corporation (MTB) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -1.88 points or -1.63% at $113.23 with 5,80,803 shares getting traded. Post opening the session at $114.82, the shares hit an intraday low of $112.64 and an intraday high of $115.76 and the price vacillated in this range throughout the day. The company has a market cap of $18,003 M and the number of outstanding shares has been calculated to be 15,89,99,010 shares. The 52-week high of M&T Bank Corporation is $134 and the 52-week low is $100.075.
Company has been under the radar of several Street Analysts.M&T Bank Corporation is Downgraded by Robert W. Baird to Underperform while Lowering the Price Target of the company shares to $ 115 from a previous price target of $125 . Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 21, 2016.M&T Bank Corporation is Downgraded by Portales Partners to Sector Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 21, 2016.M&T Bank Corporation is Downgraded by Sandler O’Neill to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 19, 2016.M&T Bank Corporation is Reiterated by FBR Capital to Mkt Perform and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $112 .The Rating was issued on Apr 19, 2016.M&T Bank Corporation is Reiterated by RBC Capital Mkts to Outperform while Lowering the Price Target of the company shares to $ 125 from a previous price target of $135 . The Rating was issued on Apr 19, 2016.
M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust National Association (Wilmington Trust N.A.). The Company’s segments include Business Banking Commercial Banking Commercial Real Estate Discretionary Portfolio Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit lending cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities loans and other assets and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches and 1600 automated teller machines.