M&T Bank Co. (NYSE:MTB) Given Consensus Rating of “Hold” by Analysts

M&T Bank Co. (NYSE:MTB) has earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $150.17.

Several analysts have issued reports on the company. Evercore ISI boosted their price target on M&T Bank from $146.00 to $157.00 and gave the company an “in-line” rating in a report on Thursday. Barclays raised their target price on shares of M&T Bank from $150.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft cut shares of M&T Bank from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a research note on Monday, December 18th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 target price on shares of M&T Bank in a research note on Friday, January 19th. Finally, Morgan Stanley raised their price target on M&T Bank from $160.00 to $179.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th.

Insider Activity at M&T Bank

In related news, EVP Doris P. Meister sold 1,000 shares of M&T Bank stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $132.30, for a total value of $132,300.00. Following the completion of the sale, the executive vice president now directly owns 7,274 shares in the company, valued at approximately $962,350.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Doris P. Meister sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $132.30, for a total value of $132,300.00. Following the completion of the transaction, the executive vice president now directly owns 7,274 shares in the company, valued at $962,350.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Doris P. Meister sold 1,675 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $137.91, for a total value of $230,999.25. Following the completion of the sale, the executive vice president now owns 8,961 shares in the company, valued at approximately $1,235,811.51. The disclosure for this sale can be found here. Insiders have sold 35,481 shares of company stock valued at $5,114,624 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.

Institutional Investors Weigh In On M&T Bank

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC increased its stake in shares of M&T Bank by 17,405.3% in the 1st quarter. Virtu Financial LLC now owns 5,273,474 shares of the financial services provider’s stock valued at $105,417,000 after purchasing an additional 5,243,349 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in M&T Bank by 113.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 313,302 shares of the financial services provider’s stock valued at $42,949,000 after purchasing an additional 2,645,478 shares during the period. Spring Creek Capital LLC increased its position in shares of M&T Bank by 217.0% in the first quarter. Spring Creek Capital LLC now owns 3,339,643 shares of the financial services provider’s stock valued at $66,759,000 after buying an additional 2,286,251 shares in the last quarter. Norges Bank acquired a new position in shares of M&T Bank during the 4th quarter worth approximately $232,322,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of M&T Bank by 76.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,560,334 shares of the financial services provider’s stock valued at $71,171,000 after buying an additional 1,538,436 shares in the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

M&T Bank Trading Up 0.4 %

M&T Bank stock opened at $145.44 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.33. The company has a market cap of $24.23 billion, a P/E ratio of 9.22, a P/E/G ratio of 1.28 and a beta of 0.79. The business has a 50-day simple moving average of $139.34 and a two-hundred day simple moving average of $131.49. M&T Bank has a 52-week low of $108.53 and a 52-week high of $148.23.

M&T Bank (NYSE:MTB) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $2.74 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.36). M&T Bank had a return on equity of 11.59% and a net margin of 21.49%. The business had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business posted $4.57 earnings per share. Analysts predict that M&T Bank will post 13.87 EPS for the current year.

M&T Bank Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 4th were given a $1.30 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.58%. M&T Bank’s payout ratio is 32.95%.

M&T Bank Company Profile

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.