M&T Bank Corporation is an American bank holding company that was founded in 1856, almost 166 years ago. It It is currently headquartered in Buffalo, New York, United States and is operational across 12 States that cover the Eastern United States, from Maine to Southern Virginia, with over 1000 branches. Before 1998 the bank’s name was First Empire State Corporation.
What is M&T Bank’s stock split history?
To date, M&T Bank has split its stock only 2 times. The first stock split took place in September 1987. This split was carried out in the ratio of 2:1 which means that for every share owned before the split, the shareholder would now own 2 shares. The company’s 2nd stock split, in a ratio of 10:1, took place in October 2000. This means that for every share owned before the split the shareholder would now own 10 shares. Below is a table of M&T Bank’s stock split history:
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What was the impact on M&T Bank’s share price after the split?
After splitting the stock, the price of the shares is expected to fall but if the share price falls more than the ratio of the split, then the outcome is unfavorable for the company. In the case of m&t bank the price 7 days before the split was 500.01 but the price 7 days after the split was 47.6 which means that the expected outcome was way less than the split coefficient. This means that the price outcome was unfavorable for the bank.
What is M&T Bank’s financial position in 2023?
M&T Bank has reported a market capitalization of $19.21 billion as of June 2023. In June 2002 the market cap was $25.03 billion, which means that the market cap has fallen in 2023. This year, its revenue was $9.00 billion which is 11.94% more than its current revenue in 2022. And lastly, financial reports claim that M&T Bank’s current earnings for the year 2023 are $3.06 billion which is significantly more than their current earnings in 2022 ($2.61 billion).
FAQs
What is M&T Bank’s target share price?
Their average price target is $152.63. And according to Wall Street analysts, the highest price target is $190.00 while the lowest forecast is $133.00.
Is M&T Bank a good buy?
In a poll, 40% of analysts voted M&T Bank as a “Strong Buy”.
Was M&T Bank involved in a merger?
In April 2002, People’s United was acquired by M&T Bank.
Who is the largest shareholder of M&T Bank?
Their largest shareholder is JP Morgan Chase and Co.
Conclusion
With over 20,000 employees, M&T Bank is considered one of the best commercial banks in The United States. The bank has only 2 stock splits in history, which make it a popular investment choice because of its great growth potential.
