M&T Bank Corporation (MTB) Shares are Down -0.76%

M&T Bank Corporation (MTB) : During the past 4 weeks, traders have been relatively bearish on M&T Bank Corporation (MTB), hence the stock is down -3.31% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.81% relative to the S&P 500. The 4-week change in the price of the stock is -2.31% and the stock has fallen -0.76% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.79% and the 50-Day Moving Average is 0.17%. M&T Bank Corporation (NYSE:MTB): On Fridays trading session , Opening price of the stock was $115.61 with an intraday high of $116.35. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $115.4975. However, the stock managed to close at $116.31, a loss of 0.41% for the day. On the previous day, the stock had closed at $116.79. The total traded volume of the day was 500,909 shares.


The company Insiders own 3.63% of M&T Bank Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -20.35% . Institutional Investors own 78.16% of M&T Bank Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -24.26%. Also, Equity Analysts at the Morgan Stanley maintains the rating on M&T Bank Corporation (NYSE:MTB). The brokerage firm has issued a Equal-weight rating on the shares. The Analysts at the ratings agency lowers the price target from $122 per share to $118 per share. The rating by the firm was issued on August 1, 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 Companys 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 1,600 automated teller machines.

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