Wall Street analysts expect that M&T Bank Co. (NYSE:MTB) will post $3.70 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for M&T Bank’s earnings. The highest EPS estimate is $3.81 and the lowest is $3.63. M&T Bank reported earnings per share of $3.29 during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The company is expected to announce its next earnings report before the market opens on Thursday, July 18th.

According to Zacks, analysts expect that M&T Bank will report full-year earnings of $14.56 per share for the current financial year, with EPS estimates ranging from $14.26 to $14.98. For the next fiscal year, analysts anticipate that the business will post earnings of $14.96 per share, with EPS estimates ranging from $14.41 to $15.49. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow M&T Bank.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Monday, April 15th. The financial services provider reported $3.35 EPS for the quarter, beating the Zacks’ consensus estimate of $3.30 by $0.05. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.51 billion. M&T Bank had a net margin of 30.84% and a return on equity of 14.46%. During the same quarter in the previous year, the business posted $2.23 EPS.

A number of brokerages have commented on MTB. Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Gilead Sciences in a research note on Tuesday, July 2nd. Barclays set a $24.00 target price on shares of Tenet Healthcare and gave the stock a “hold” rating in a research note on Wednesday, April 17th. Wedbush upped their target price on shares of Wintrust Financial from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, ValuEngine lowered shares of Wolverine World Wide from a “hold” rating to a “sell” rating in a research note on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $178.08.

In other news, insider Doris P. Meister sold 460 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $160.29, for a total value of $73,733.40. Following the sale, the insider now directly owns 1,553 shares of the company’s stock, valued at $248,930.37. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian E. Hickey sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $168.53, for a total transaction of $674,120.00. Following the completion of the transaction, the insider now owns 17,819 shares in the company, valued at $3,003,036.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,521 shares of company stock worth $1,594,509. Insiders own 0.54% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Liberty Wealth Management LLC increased its position in shares of M&T Bank by 972.7% in the first quarter. Liberty Wealth Management LLC now owns 236 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 214 shares during the last quarter. JOYN Advisors Inc. increased its position in shares of M&T Bank by 141.4% in the fourth quarter. JOYN Advisors Inc. now owns 239 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 140 shares during the last quarter. Webster Bank N. A. bought a new position in shares of M&T Bank in the second quarter worth approximately $43,000. Pearl River Capital LLC bought a new position in shares of M&T Bank in the first quarter worth approximately $42,000. Finally, CX Institutional bought a new position in shares of M&T Bank in the first quarter worth approximately $47,000. Institutional investors own 81.52% of the company’s stock.

MTB stock traded up $0.30 during midday trading on Friday, reaching $174.07. 598,905 shares of the company’s stock traded hands, compared to its average volume of 772,527. The firm has a market capitalization of $23.40 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 1.57 and a beta of 1.06. The firm has a fifty day simple moving average of $167.24. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.06 and a current ratio of 1.06. M&T Bank has a 52 week low of $133.78 and a 52 week high of $180.77.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 3rd were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.30%. The ex-dividend date was Friday, May 31st. M&T Bank’s dividend payout ratio (DPR) is presently 31.10%.

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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Earnings History and Estimates for M&T Bank (NYSE:MTB)

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