M&T Bank Corporation (MTB) : M&T Bank Corporation (MTB) had a healthy money flow of $0.42 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $0.78 million, whereas, investors only sold shares worth $0.36 million on downticks. The stock closed the day with an up-down ratio of 2.15.The money flow in the block trades to the tune of $0 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0 million worth of transactions were on upticks. M&T Bank Corporation (MTB) stock slid $0.04 intraday and traded at 117.28, a change of -0.03% over previous days close. However, for the week, the company shares are -0.36% compared to previous weeks close.
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 -8.09% . Institutional Investors own 78.92% of M&T Bank Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -8.82%.
In a related news, The Securities and Exchange Commission has divulged that Wilmers Robert G, director officer (Chairman of the Board and CEO) of M&T Bank Corp, had unloaded 100,000 shares at an average price of $118.35 in a transaction dated on August 29, 2016. The total value of the transaction was worth $11,835,000.
M&T Bank Corporation (NYSE:MTB): The stock opened at $117.72 and touched an intraday high of $117.9 on Friday. During the day, the stock corrected to an intraday low of $116.8, however, the bulls stepped in and pushed the price higher to close in the green at $117.34 with a gain of 0.02% for the day. The total traded volume for the day was 1,068,229. The stock had closed at $117.32 in the previous trading session.
M&T Bank Corporation (MTB) has risen sharply, recording gains of 0.12% in the past 4 weeks. However, the stock has corrected -0.31% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.25% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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.