M&T Bank Corp. (NYSE:MTB) – Stock analysts at Wedbush increased their FY2018 EPS estimates for M&T Bank Corp. in a research report issued to clients and investors on Monday. Wedbush analyst now expects that the firm will earn $9.11 per share for the year, up from their previous forecast of $9.07. Wedbush currently has a “Neutral” rating and a $117.00 target price on the stock.

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

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

MTB has been the topic of several other reports. 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 price objective (down from $116.00) on shares of M&T Bank Corp. in a research report on Thursday, July 21st. FBR & Co decreased their price objective on shares of 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. Zacks Investment Research upgraded shares of M&T Bank Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 20th. Finally, Credit Agricole SA upped their price objective on shares of M&T Bank Corp. from $128.00 to $129.00 and gave the stock an “outperform” rating in a research report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. M&T Bank Corp. has a consensus rating of “Hold” and a consensus price target of $141.65.

Shares of M&T Bank Corp. (NYSE:MTB) traded down 1.36% on Wednesday, hitting $136.96. 617,465 shares of the stock were exchanged. The company has a 50 day moving average of $119.60 and a 200 day moving average of $117.28. M&T Bank Corp. has a 52-week low of $100.08 and a 52-week high of $137.77. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 18.37 and a beta of 0.70.

A number of institutional investors have recently made changes to their positions in the stock. TLP Group LLC bought a new position in M&T Bank Corp. during the third quarter valued at about $127,000. Euclid Advisors LLC bought a new position in M&T Bank Corp. during the second quarter valued at about $128,000. NEXT Financial Group Inc raised its position in M&T Bank Corp. by 36.5% in the second quarter. NEXT Financial Group Inc now owns 1,096 shares of the company’s stock valued at $129,000 after buying an additional 293 shares in the last quarter. Mosaic Family Wealth LLC raised its position in M&T Bank Corp. by 12.5% in the third quarter. Mosaic Family Wealth LLC now owns 1,130 shares of the company’s stock valued at $131,000 after buying an additional 126 shares in the last quarter. Finally, Virtus Investment Advisers Inc. bought a new position in M&T Bank Corp. during the third quarter valued at about $150,000. 80.09% of the stock is owned by institutional investors and hedge funds.

In other M&T Bank Corp. news, CEO Robert G. Wilmers sold 39,637 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $118.38, for a total transaction of $4,692,228.06. Following the completion of the transaction, the chief executive officer now owns 2,490,996 shares of the company’s stock, valued at $294,884,106.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin J. Pearson sold 33,379 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $116.75, for a total value of $3,896,998.25. Following the transaction, the insider now directly owns 61,094 shares of the company’s stock, valued at approximately $7,132,724.50. The disclosure for this sale can be found here. Company insiders own 3.63% of the company’s stock.

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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