M&T Bank Corporation (NYSE:MTB) announced that the Federal Reserve did not object to M&T’s proposed 2014 Capital Plan. Accordingly, M&T may maintain a quarterly common stock dividend of $.70 per share; pay dividends and interest on other equity and debt instruments included in regulatory capital, including preferred stock, trust preferred securities and subordinated debt that were outstanding at December 31, 2013, consistent with the contractual terms of those instruments; and redeem or repurchase up to $50 million of subordinated debt. Common and preferred dividends are subject to approval by M&T’s Board of Directors in the ordinary course of business. M&T Bank Corporation (NYSE:MTB) shares after opening at $120.00 moved to $120.97 on last trade day and at the end of the day closed at $120.44. Company price to sales ratio in past twelve months was calculated as 5.31 and price to cash ratio as 4.25. M&T Bank Corporation (NYSE:MTB) showed a negative weekly performance of -0.57%.
Webster Financial Corporation (NYSE:WBS), a leading regional bank serving businesses and consumers from metro New York City to Boston, Mass., announced Dawn C. Morris as its new executive vice president and chief marketing officer. Morris reports directly to Jim Smith, chairman and chief executive officer, and is based in Webster’s corporate headquarters in Waterbury. Webster Financial Corporation (NYSE:WBS) shares advanced 0.26% in last trading session and ended the day on $30.55. WBS return on equity ratio is recorded as 8.40% and its return on assets is 0.80%. Webster Financial Corporation (NYSE:WBS) yearly performance is 28.79%.
On Jan 28,2014 National Penn Bancshares (NASDAQ:NPBC) announced the repurchase of 7 million shares or approximately 27% of the outstanding common shares owned by Warburg Pincus. The shares were purchased at yesterday’s closing price of $10.77. Warburg Pincus maintains a 13.6% position in National Penn. National Penn Bancshares (NASDAQ:NPBC) shares moved down -0.10% in last trading session and was closed at $10.25, while trading in range of $10.20-$10.44. National Penn Bancshares (NASDAQ:NPBC) year to date performance is -8.65%.
On March 18, 2014, Fulton Financial Corp (NASDAQ:FULT) announced that it has declared a quarterly cash dividend of $0.08 per share on the Company’s common stock. According to the release, the dividend is payable on April 15, 2014, to shareholders of record as of April 1, 2014. Fulton Financial Corp (NASDAQ:FULT) weekly performance is -3.57%. On last trading day company shares ended up $12.43. Fulton Financial Corp (NASDAQ:FULT) distance from 50-day simple moving average is -0.81%. Analysts mean target price for the company is $13.34.