M&T Bank Corp. (NYSE:MTB) has received an average rating of “Hold” from the twenty-two analysts that are covering the firm. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $150.50.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised M&T Bank Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. FBR & Co raised their price objective on M&T Bank Corp. from $115.00 to $120.00 and gave the company a “mkt perform” rating in a research note on Thursday, October 20th. Wedbush assumed coverage on M&T Bank Corp. in a research note on Thursday, October 6th. They set a “neutral” rating and a $117.00 price objective on the stock. Robert W. Baird reaffirmed an “underperform” rating on shares of M&T Bank Corp. in a research note on Thursday, August 4th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $111.00 price objective (down from $116.00) on shares of M&T Bank Corp. in a research note on Thursday, July 21st.

Shares of M&T Bank Corp. (NYSE:MTB) opened at 136.00 on Friday. M&T Bank Corp. has a 12 month low of $100.08 and a 12 month high of $136.16. The company has a 50-day moving average price of $119.60 and a 200-day moving average price of $117.28. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 18.24 and a beta of 0.70.

M&T Bank Corp. (NYSE:MTB) last released its earnings results on Wednesday, October 19th. The company reported $2.13 EPS for the quarter, beating the Zacks’ consensus estimate 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 period in the previous year, the firm earned $1.93 EPS. On average, equities analysts anticipate that M&T Bank Corp. will post $7.90 EPS for the current year.

In related news, insider Brian E. Hickey sold 6,017 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $117.45, for a total transaction of $706,696.65. Following the completion of the sale, the insider now owns 17,905 shares of the company’s stock, valued at $2,102,942.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Drew J. Pfirrman sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $117.47, for a total transaction of $58,735.00. Following the sale, the vice president now directly owns 3,090 shares of the company’s stock, valued at approximately $362,982.30. The disclosure for this sale can be found here. Corporate insiders own 3.63% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Vontobel Asset Management Inc. increased its stake in shares of M&T Bank Corp. by 603.6% in the third quarter. Vontobel Asset Management Inc. now owns 1,360,850 shares of the company’s stock valued at $163,010,000 after buying an additional 1,167,431 shares during the period. FMR LLC increased its stake in shares of 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 during the period. Bank of Montreal Can purchased a new stake in shares of M&T Bank Corp. during the second quarter valued at $47,503,000. Vanguard Group Inc. increased its stake in shares of 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 period. Finally, Renaissance Technologies LLC increased its stake in shares of M&T Bank Corp. by 121.7% in the first quarter. Renaissance Technologies LLC now owns 335,070 shares of the company’s stock valued at $37,193,000 after buying an additional 183,900 shares during the period. 80.37% of the stock is owned by institutional investors.

About M&T Bank Corp.

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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