15 Stocks With The Most Insider Sales In The Last Quarter

11. M&T Bank Corporation (NYSE:MTB)

Number of Insiders Selling: 12

Market Capitalization: $28.72 billion

M&T Bank operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association. The Buffalo, New York-headquartered company offers retail and commercial banking services across the United States through its three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It provides a range of services, including commercial lending, real estate loans, credit products, cash management, and deposit accounts for middle-market and large commercial customers.

In addition to banking services, M&T Bank offers consumer products such as auto and home equity loans, credit cards, residential mortgages, and business cash management services through its branch network, online banking, and ATMs.

In February, the company declared a quarterly cash dividend of $1.35 per share on its common stock.

In January, M&T Bank reported fourth-quarter net income of $681 million, or $3.86 per diluted share, and full-year net income of $2.59 billion, or $14.64 per diluted share.

In the last quarter, 12 insiders sold a total of $25.92 million worth of M&T Bank shares at an average price of $207.78 per share. Year-to-date, the stock is down 6.51% trading at $175.55. However, over the last 12 months, M&T Bank returned 25.90% to its investors.

You can read here what lifted M&T Bank in 2024.

According to 13 analysts, M&T Bank is a “Moderate Buy” with a price target of $222.45. The average price target suggests a 26.56% upside from the last price, writes TipRanks.