Analysts See $2.27 EPS for M&T Bank Corporation (MTB)

July 18, 2017 - By Marie Mckinney

 Analysts See $2.27 EPS for M&T Bank Corporation (MTB)
Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.29, from 1.17 in 2016Q3. It turned negative, 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.
Vantage Invest Prtn Limited Liability reported 99,195 shares. Moreover, London Of Virginia has 0.49% invested in M&T Bank Corporation (NYSE:MTB). Algebris Invests (Uk) Llp invested 0.04% of its portfolio in M&T Bank Corporation (NYSE:MTB). Dimensional Fund Lp holds 0.06% or 755,256 shares. Strategic Fincl reported 1.25% of its portfolio in M&T Bank Corporation (NYSE:MTB). Confluence Invest Mgmt Llc invested in 88,280 shares. Etrade Cap Mgmt Limited Liability Com holds 0.02% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 2,743 shares. Assetmark has 0% invested in M&T Bank Corporation (NYSE:MTB). 322,746 were reported by Thrivent Fincl For Lutherans. 40,485 were reported by Eagle Ridge Investment Management. Alexandria Cap Limited Liability Com invested in 0.01% or 275 shares. Global X Mngmt Limited Liability Company invested in 2,847 shares or 0.02% of the stock. Fincl Ser Corp has 0.01% invested in M&T Bank Corporation (NYSE:MTB) for 105 shares. First United State Bank Trust owns 5,810 shares or 0.69% of their US portfolio. 136,565 were reported by Nexus Investment Mngmt.

Since January 25, 2017, it had 1 buying transaction, and 10 insider sales for $5.06 million activity. DAngelo John L also sold $168,560 worth of M&T Bank Corporation (NYSE:MTB) on Friday, February 24. On Tuesday, January 31 Todaro Michael J. sold $411,871 worth of M&T Bank Corporation (NYSE:MTB) or 2,518 shares. Gold Richard S also sold $1.12 million worth of M&T Bank Corporation (NYSE:MTB) on Friday, June 9. Martocci Gino A. sold $507,973 worth of stock or 3,079 shares. Another trade for 8 shares valued at $1,335 was bought by Meister Doris P.. 2,000 M&T Bank Corporation (NYSE:MTB) shares with value of $324,042 were sold by HICKEY BRIAN E.

Analysts expect M&T Bank Corporation (NYSE:MTB) to report $2.27 EPS on July, 19.They anticipate $0.20 EPS change or 9.66 % from last quarter’s $2.07 EPS. MTB’s profit would be $349.68M giving it 18.28 P/E if the $2.27 EPS is correct. After having $2.15 EPS previously, M&T Bank Corporation’s analysts see 5.58 % EPS growth. The stock increased 0.14% or $0.23 on July 17, reaching $165.99. About shares traded. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since July 18, 2016 and is uptrending. It has outperformed by 19.11% the S&P500.

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

Among 20 analysts covering M&T Bank (NYSE:MTB), 4 have Buy rating, 3 Sell and 13 Hold. Therefore 20% are positive. M&T Bank had 52 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, January 21 the stock rating was initiated by JP Morgan with “Neutral”. The firm earned “Mkt Perform” rating on Thursday, October 20 by FBR Capital. Barclays Capital maintained M&T Bank Corporation (NYSE:MTB) rating on Tuesday, October 20. Barclays Capital has “Overweight” rating and $139 target. The company was maintained on Thursday, June 8 by Jefferies. The rating was upgraded by Jefferies on Tuesday, July 11 to “Buy”. Argus Research initiated the shares of MTB in report on Tuesday, March 29 with “Hold” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, January 11 report. The stock of M&T Bank Corporation (NYSE:MTB) has “Outperform” rating given on Thursday, October 1 by Wood. Deutsche Bank maintained M&T Bank Corporation (NYSE:MTB) on Friday, October 9 with “Buy” rating. Wedbush maintained the stock with “Neutral” rating in Wednesday, November 30 report.

M&T Bank Corporation is a bank holding company. The company has market cap of $25.57 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 20.23 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 news for M&T Bank Corporation (NYSE:MTB) were recently published by: Prnewswire.com, which released: “M&T Bank Corporation Receives No Objection to Its 2017 Capital Plan” on June 28, 2017. Reuters.com‘s article titled: “EEOC hits M&T Bank with disability discrimination lawsuit” and published on July 06, 2017 is yet another important article.

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