M&T Bank Corp. (NYSE:MTB) – Stock analysts at Wedbush boosted their Q2 2017 earnings estimates for M&T Bank Corp. in a research note issued to investors on Monday. Wedbush analyst now expects that the brokerage will earn $2.10 per share for the quarter, up from their prior estimate of $2.09. Wedbush currently has a “Neutral” rating and a $117.00 target price on the stock. Wedbush also issued estimates for M&T Bank Corp.’s Q4 2017 earnings at $2.23 EPS and FY2018 earnings at $9.11 EPS.

MTB has been the topic of a number of other research reports. Credit Agricole SA lifted their target price on M&T Bank Corp. from $128.00 to $129.00 and gave the company an “outperform” rating in a research report on Friday, September 23rd. FBR & Co reduced their target price on M&T Bank Corp. from $120.00 to $105.00 and set a “hold” rating on the stock in a research report on Thursday, July 21st. Barclays PLC restated a “buy” rating on shares of M&T Bank Corp. in a research report on Friday, August 12th. Jefferies Group restated a “hold” rating and issued a $111.00 target price (down previously from $116.00) on shares of M&T Bank Corp. in a research report on Thursday, July 21st. Finally, Zacks Investment Research downgraded M&T Bank Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. M&T Bank Corp. has a consensus rating of “Hold” and an average target price of $141.65.

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

Shares of M&T Bank Corp. (NYSE:MTB) traded up 1.33% during midday trading on Wednesday, reaching $133.29. The company had a trading volume of 449,165 shares. The company has a market capitalization of $20.66 billion, a P/E ratio of 17.89 and a beta of 0.70. The company’s 50 day moving average price is $118.56 and its 200-day moving average price is $117.04. M&T Bank Corp. has a 52 week low of $100.08 and a 52 week high of $135.20.

M&T Bank Corp. (NYSE:MTB) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. M&T Bank Corp. had a return on equity of 8.59% and a net margin of 22.32%. During the same quarter in the prior year, the company earned $1.93 EPS.

In other news, EVP Rene F. Jones sold 15,740 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $124.31, for a total value of $1,956,639.40. Following the completion of the sale, the executive vice president now directly owns 61,474 shares of the company’s stock, valued at approximately $7,641,832.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Drew J. Pfirrman sold 500 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $117.47, for a total value of $58,735.00. Following the completion of the sale, the vice president now directly owns 3,090 shares of the company’s stock, valued at $362,982.30. The disclosure for this sale can be found here. 3.63% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of MTB. Vanguard Group Inc. increased its stake in M&T Bank Corp. by 2.7% in the second quarter. Vanguard Group Inc. now owns 13,332,239 shares of the company’s stock valued at $1,576,270,000 after buying an additional 349,547 shares during the last quarter. FMR LLC increased its stake in M&T Bank Corp. by 5.1% in the second quarter. FMR LLC now owns 11,404,841 shares of the company’s stock valued at $1,348,394,000 after buying an additional 554,251 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in M&T Bank Corp. by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,987,468 shares of the company’s stock valued at $462,945,000 after buying an additional 28,121 shares in the last quarter. BlackRock Fund Advisors increased its stake in M&T Bank Corp. by 3.5% in the third quarter. BlackRock Fund Advisors now owns 2,602,947 shares of the company’s stock valued at $302,202,000 after buying an additional 88,826 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in M&T Bank Corp. by 2.6% in the third quarter. BlackRock Group LTD now owns 1,634,918 shares of the company’s stock valued at $189,814,000 after buying an additional 41,249 shares in the last quarter. 80.37% of the stock is owned by institutional investors and hedge funds.

M&T Bank Corp. Company Profile

M&T Bank Corporation (M&T) is a bank holding company. The Company, through its subsidiaries, M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.), offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T’s segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking.

5 Day Chart for NYSE:MTB

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