M&T Bank (NYSE:MTB)‘s stock had its “neutral” rating reiterated by research analysts at Piper Jaffray Companies in a report released on Thursday.

A number of other research analysts have also recently commented on MTB. Keefe, Bruyette & Woods reissued a “hold” rating and set a $167.00 target price on shares of M&T Bank in a research report on Friday, September 22nd. Nomura boosted their target price on shares of M&T Bank from $144.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, September 28th. Instinet reissued a “neutral” rating and set a $145.00 target price (up from $144.00) on shares of M&T Bank in a research report on Saturday, September 30th. Robert W. Baird reissued a “sell” rating and set a $130.00 target price on shares of M&T Bank in a research report on Friday, October 6th. Finally, Citigroup reissued a “neutral” rating and set a $170.00 target price (up from $160.00) on shares of M&T Bank in a research report on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. M&T Bank has a consensus rating of “Hold” and an average price target of $170.78.

Shares of M&T Bank (NYSE:MTB) traded up $2.63 during mid-day trading on Thursday, reaching $188.78. 745,069 shares of the company’s stock were exchanged, compared to its average volume of 577,024. The firm has a market capitalization of $28,410.00, a PE ratio of 21.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.84. The company has a current ratio of 0.99, a quick ratio of 1.05 and a debt-to-equity ratio of 0.54. M&T Bank has a 1 year low of $141.12 and a 1 year high of $188.85.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.40 by $0.26. M&T Bank had a net margin of 23.40% and a return on equity of 10.12%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company posted $1.98 earnings per share. M&T Bank’s revenue was up 2.8% compared to the same quarter last year. research analysts anticipate that M&T Bank will post 11.01 earnings per share for the current fiscal year.

In related news, VP Michele D. Trolli sold 9,730 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $167.89, for a total value of $1,633,569.70. Following the sale, the vice president now directly owns 24,708 shares of the company’s stock, valued at $4,148,226.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Sadler, Jr. sold 1,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $171.19, for a total transaction of $171,190.00. Following the completion of the sale, the director now directly owns 52,049 shares in the company, valued at $8,910,268.31. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 114,000 shares of company stock worth $9,710 and sold 32,128 shares worth $5,474,208. Corporate insiders own 3.18% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BB&T Corp raised its holdings in M&T Bank by 7.2% in the third quarter. BB&T Corp now owns 29,244 shares of the financial services provider’s stock valued at $4,710,000 after acquiring an additional 1,952 shares in the last quarter. Toronto Dominion Bank raised its holdings in M&T Bank by 9.4% in the third quarter. Toronto Dominion Bank now owns 57,543 shares of the financial services provider’s stock valued at $9,266,000 after acquiring an additional 4,958 shares in the last quarter. California Public Employees Retirement System raised its holdings in M&T Bank by 5.6% in the third quarter. California Public Employees Retirement System now owns 418,997 shares of the financial services provider’s stock valued at $67,475,000 after acquiring an additional 22,223 shares in the last quarter. Huntington National Bank raised its holdings in M&T Bank by 3.3% in the third quarter. Huntington National Bank now owns 97,191 shares of the financial services provider’s stock valued at $15,652,000 after acquiring an additional 3,098 shares in the last quarter. Finally, Achmea Investment Management B.V. increased its stake in M&T Bank by 266.9% during the third quarter. Achmea Investment Management B.V. now owns 12,719 shares of the financial services provider’s stock valued at $2,046,000 after purchasing an additional 9,252 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

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About M&T Bank

M&T Bank Corporation (M&T) is a bank holding company. 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.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

Analyst Recommendations for M&T Bank (NYSE:MTB)

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