M&T Bank (NYSE:MTB) posted its earnings results on Monday. The financial services provider reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.05, MarketWatch Earnings reports. M&T Bank had a net margin of 30.84% and a return on equity of 14.46%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the business posted $2.23 EPS.
NYSE:MTB opened at $168.28 on Wednesday. The stock has a market cap of $22.67 billion, a PE ratio of 13.09, a price-to-earnings-growth ratio of 1.50 and a beta of 1.05. M&T Bank has a 52 week low of $133.78 and a 52 week high of $187.07. The company has a quick ratio of 1.06, a current ratio of 1.01 and a debt-to-equity ratio of 0.59.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 4th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date was Friday, March 1st. M&T Bank’s payout ratio is 31.10%.
In other news, VP Michele D. Trolli sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $173.14, for a total transaction of $865,700.00. Following the completion of the transaction, the vice president now directly owns 10,878 shares of the company’s stock, valued at approximately $1,883,416.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gary N. Geisel sold 1,001 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $173.00, for a total transaction of $173,173.00. Following the transaction, the director now directly owns 17,512 shares of the company’s stock, valued at $3,029,576. The disclosure for this sale can be found here. Insiders have sold a total of 17,766 shares of company stock valued at $2,977,668 over the last ninety days. 0.54% of the stock is owned by insiders.
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About M&T Bank
M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.
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