M&T Bank Co. (NYSE:MTB) has earned an average recommendation of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $178.91.
Several equities research analysts have recently weighed in on the company. Barclays reiterated a “buy” rating and issued a $217.00 price target on shares of M&T Bank in a report on Wednesday, April 17th. Wedbush increased their price target on M&T Bank from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. UBS Group set a $169.00 price target on M&T Bank and gave the stock a “hold” rating in a report on Tuesday, April 2nd. Zacks Investment Research cut M&T Bank from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, ValuEngine cut M&T Bank from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st.
Shares of MTB stock opened at $167.19 on Thursday. M&T Bank has a 1 year low of $133.78 and a 1 year high of $187.07. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The company has a market cap of $23.59 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 1.55 and a beta of 1.08.
M&T Bank (NYSE:MTB) last issued its quarterly earnings results on Monday, April 15th. The financial services provider reported $3.35 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.05. M&T Bank had a return on equity of 14.46% and a net margin of 30.84%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $2.23 earnings per share. On average, equities research analysts anticipate that M&T Bank will post 14.61 earnings per share for the current fiscal year.
In other M&T Bank news, VP Michele D. Trolli sold 5,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $173.14, for a total transaction of $865,700.00. Following the sale, the vice president now owns 10,878 shares of the company’s stock, valued at approximately $1,883,416.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gary N. Geisel sold 1,001 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $173.00, for a total value of $173,173.00. Following the sale, the director now directly owns 17,512 shares in the company, valued at approximately $3,029,576. The disclosure for this sale can be found here. In the last three months, insiders sold 13,246 shares of company stock worth $2,263,806. 0.54% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Gravity Companies Inc. bought a new stake in M&T Bank during the 4th quarter valued at $30,000. Doyle Wealth Management bought a new stake in M&T Bank during the 4th quarter valued at $29,000. Liberty Wealth Management LLC boosted its position in M&T Bank by 972.7% during the 1st quarter. Liberty Wealth Management LLC now owns 236 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 214 shares in the last quarter. JOYN Advisors Inc. boosted its position in M&T Bank by 141.4% during the 4th quarter. JOYN Advisors Inc. now owns 239 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 140 shares in the last quarter. Finally, Pearl River Capital LLC bought a new stake in M&T Bank during the 1st quarter valued at $42,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.
M&T Bank Company Profile
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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