M&T Bank Corporation (MTB) Analysts See $2.40 EPS

September 17, 2017 - By Richard Conner

 M&T Bank Corporation (MTB) Analysts See $2.40 EPS
Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.29, from 1.17 in 2016Q3. It dived, as 32 investors sold M&T Bank Corporation shares while 200 reduced holdings. 70 funds opened positions while 135 raised stakes. 123.12 million shares or 4.03% more from 118.36 million shares in 2016Q3 were reported.
Whittier Trust holds 0.37% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 54,903 shares. 86,979 are held by Voya Investment Mngmt Ltd Liability. Glg Llc invested 0.09% in M&T Bank Corporation (NYSE:MTB). Nomura Asset Ltd stated it has 17,842 shares or 0.05% of all its holdings. Argent Trust reported 5,618 shares. 2,724 are owned by Massmutual Com Fsb Adv. Us Bancorporation De holds 0.01% or 11,230 shares in its portfolio. California-based California Pub Employees Retirement has invested 0.1% in M&T Bank Corporation (NYSE:MTB). Schroder Mgmt Gru reported 0.01% stake. Covington Capital Mgmt has 0.21% invested in M&T Bank Corporation (NYSE:MTB) for 15,287 shares. Ny State Common Retirement Fund holds 326,900 shares or 0.07% of its portfolio. Basswood Cap Management Limited Liability Company stated it has 0.04% of its portfolio in M&T Bank Corporation (NYSE:MTB). South Dakota Council has invested 0.09% of its portfolio in M&T Bank Corporation (NYSE:MTB). Ibm Retirement Fund reported 14,061 shares or 0.1% of all its holdings. Pggm Invests has 0.11% invested in M&T Bank Corporation (NYSE:MTB) for 135,158 shares.

Since May 23, 2017, it had 0 buys, and 4 insider sales for $3.33 million activity. Another trade for 10,577 shares valued at $1.72 million was sold by Coletti Janet M.. Gold Richard S sold $1.12 million worth of M&T Bank Corporation (NYSE:MTB) on Friday, June 9. Another trade for 2,000 shares valued at $324,042 was sold by HICKEY BRIAN E.

Investors wait M&T Bank Corporation (NYSE:MTB) to report on October, 18. its quarterly earnings Wall Street analysts expect $2.40 earnings per share, up $0.27 or 12.68 % from last year’s $2.13 same quarter earnings. This translates into $364.66M profit for MTB giving the stock a 15.62 P/E. This is assuming the current $2.40 EPS is accurate. M&T Bank Corporation’s Wall Street analysts see 0.84 % EPS growth, taking into account the $2.38 EPS reproted in the previous quarter, The stock increased 0.05% or $0.07 on September 15, reaching $149.99. About 1.57 million shares traded or 127.78% up from the average. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since September 17, 2016 and is uptrending. It has outperformed by 19.11% the S&P500.

M&T Bank Corporation (NYSE:MTB) Ratings Coverage

Among 22 analysts covering M&T Bank (NYSE:MTB), 4 have Buy rating, 4 Sell and 14 Hold. Therefore 18% are positive. M&T Bank had 58 analyst reports since August 6, 2015 according to SRatingsIntel. Wood maintained it with “Hold” rating and $152 target in Friday, March 24 report. The stock of M&T Bank Corporation (NYSE:MTB) has “Underperform” rating given on Thursday, April 21 by Robert W. Baird. The company was downgraded on Wednesday, October 21 by Keefe Bruyette & Woods. RBC Capital Markets maintained M&T Bank Corporation (NYSE:MTB) on Wednesday, June 28 with “Buy” rating. The stock of M&T Bank Corporation (NYSE:MTB) has “Neutral” rating given on Friday, October 7 by Wedbush. The company was maintained on Tuesday, October 20 by FBR Capital. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, March 30. As per Wednesday, January 11, the company rating was downgraded by UBS. Wood maintained M&T Bank Corporation (NYSE:MTB) rating on Wednesday, April 19. Wood has “Hold” rating and $160 target. The firm has “Buy” rating by Jefferies given on Tuesday, July 11.

M&T Bank Corporation is a bank holding company. The company has market cap of $22.79 billion. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). It has a 17.51 P/E ratio. The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

More notable recent M&T Bank Corporation (NYSE:MTB) news were published by: Nasdaq.com which released: “M&T Bank (MTB) Down 4% Since Earnings Report: Can It Rebound?” on August 22, 2017, also Prnewswire.com with their article: “M&T Bank Names Laura P. O’Hara as Senior Vice President and General Counsel” published on August 21, 2017, Nasdaq.com published: “Why Hold Strategy is Ideal for M&T Bank (MTB) Stock Now” on September 05, 2017. More interesting news about M&T Bank Corporation (NYSE:MTB) were released by: Prnewswire.com and their article: “M&T Bank to Anchor New Tower at 1 Light Street in Baltimore” published on September 07, 2017 as well as Nasdaq.com‘s news article titled: “M&T Bank Corporation (MTB) Ex-Dividend Date Scheduled for August 30, 2017” with publication date: August 29, 2017.

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