$3.15 EPS Expected for M&T Bank Corporation (MTB)

June 14, 2018 - By Peter Erickson

M&T Bank Corporation (NYSE:MTB) LogoInvestors sentiment increased to 1.02 in 2018 Q1. Its up 0.21, from 0.81 in 2017Q4. It improved, as 32 investors sold M&T Bank Corporation shares while 180 reduced holdings. 70 funds opened positions while 146 raised stakes. 110.68 million shares or 1.25% less from 112.08 million shares in 2017Q4 were reported.
Gilman Hill Asset Ltd Limited Liability Company holds 0.09% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 1,097 shares. San Francisco Sentry Inv Group (Ca) stated it has 0% in M&T Bank Corporation (NYSE:MTB). Security National Trust has invested 0% in M&T Bank Corporation (NYSE:MTB). Alps Advisors invested in 8,172 shares or 0.01% of the stock. Sky Inv Grp Incorporated Ltd Liability holds 1.96% in M&T Bank Corporation (NYSE:MTB) or 26,236 shares. Tci Wealth Advsr Inc, a Arizona-based fund reported 173 shares. Gam Hldg Ag reported 1,518 shares. Cobblestone Cap Advsrs Ltd Limited Liability Company New York owns 5,371 shares or 0.1% of their US portfolio. Trexquant Lp has invested 0.28% in M&T Bank Corporation (NYSE:MTB). Quantitative Systematic Strategies Ltd Co invested 0.23% in M&T Bank Corporation (NYSE:MTB). Ingalls & Snyder Ltd Com has 0.02% invested in M&T Bank Corporation (NYSE:MTB) for 2,289 shares. Bb&T reported 20,184 shares. Bartlett Ltd Co stated it has 0% of its portfolio in M&T Bank Corporation (NYSE:MTB). Profund Advsrs Ltd Company invested in 8,394 shares. Jane Street Grp Inc Ltd Liability Co holds 0% or 3,102 shares.

Since December 15, 2017, it had 0 buys, and 11 insider sales for $14.05 million activity. 31,511 shares valued at $5.92 million were sold by SALAMONE DENIS J on Monday, January 22. On Monday, January 29 the insider King Darren J sold $732,461. 672 shares valued at $126,712 were sold by Todaro Michael J. on Monday, January 29. Trolli Michele D sold $1.12M worth of M&T Bank Corporation (NYSE:MTB) on Tuesday, January 23. Siddique Sabeth sold $177,957 worth of stock. Gold Richard S sold $939,116 worth of stock.

Analysts expect M&T Bank Corporation (NYSE:MTB) to report $3.15 EPS on July, 18.They anticipate $0.77 EPS change or 32.35 % from last quarter’s $2.38 EPS. MTB’s profit would be $457.49 million giving it 13.87 P/E if the $3.15 EPS is correct. After having $2.94 EPS previously, M&T Bank Corporation’s analysts see 7.14 % EPS growth. The stock increased 0.18% or $0.31 during the last trading session, reaching $174.71. About 1.29 million shares traded or 77.15% up from the average. M&T Bank Corporation (NYSE:MTB) has risen 11.09% since June 15, 2017 and is uptrending. It has underperformed by 1.48% the S&P500.

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

Among 12 analysts covering M&T Bank (NYSE:MTB), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. M&T Bank had 22 analyst reports since December 20, 2017 according to SRatingsIntel. The stock of M&T Bank Corporation (NYSE:MTB) earned “Overweight” rating by Barclays Capital on Monday, February 26. The stock of M&T Bank Corporation (NYSE:MTB) has “Hold” rating given on Wednesday, April 4 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. Jefferies maintained the shares of MTB in report on Monday, January 8 with “Buy” rating. The stock of M&T Bank Corporation (NYSE:MTB) has “Equal-Weight” rating given on Wednesday, April 18 by Morgan Stanley. The firm has “Sell” rating given on Tuesday, January 2 by Robert W. Baird. The stock of M&T Bank Corporation (NYSE:MTB) earned “Buy” rating by RBC Capital Markets on Thursday, January 18. The rating was maintained by Sandler O’Neill on Thursday, January 18 with “Hold”. The stock of M&T Bank Corporation (NYSE:MTB) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, January 18. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, February 26.

M&T Bank Corporation operates as the holding firm for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provide retail and commercial banking services. The company has market cap of $25.37 billion. The companyÂ’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. It has a 19.82 P/E ratio. The Company’s Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers.

M&T Bank Corporation (NYSE:MTB) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.