Robert W. Baird restated their underperform rating on shares of M&T Bank Corp. (NYSE:MTB) in a research report report published on Saturday.

A number of other equities analysts also recently issued reports on MTB. Zacks Investment Research downgraded M&T Bank Corp. from a hold rating to a strong sell rating in a research note on Tuesday, July 26th. Barclays PLC reiterated a buy rating on shares of M&T Bank Corp. in a research note on Friday, August 12th. Credit Agricole SA lifted their price target on M&T Bank Corp. from $128.00 to $129.00 and gave the company an outperform rating in a research note on Friday, September 23rd. Wedbush started coverage on M&T Bank Corp. in a research note on Thursday, October 6th. They set a neutral rating and a $117.00 price target for the company. Finally, FBR & Co lifted their price target 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. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. M&T Bank Corp. has an average rating of Hold and an average target price of $120.50.

M&T Bank Corp. (NYSE:MTB) opened at 141.26 on Friday. The company has a market cap of $21.90 billion, a price-to-earnings ratio of 18.95 and a beta of 0.70. M&T Bank Corp. has a 52 week low of $100.08 and a 52 week high of $141.99. The stock’s 50 day moving average price is $122.40 and its 200-day moving average price is $117.83.

M&T Bank Corp. (NYSE:MTB) last released its quarterly earnings results on Wednesday, October 19th. The company reported $2.13 earnings per share (EPS) 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 posted $1.93 earnings per share. On average, equities research analysts forecast that M&T Bank Corp. will post $7.89 earnings per share for the current fiscal year.

In other news, insider Michael J. Todaro sold 8,788 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $136.05, for a total value of $1,195,607.40. Following the transaction, the insider now owns 10,842 shares of the company’s stock, valued at $1,475,054.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Drew J. Pfirrman sold 500 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $117.47, for a total transaction of $58,735.00. Following the completion of the transaction, the vice president now directly owns 3,090 shares in the company, valued at approximately $362,982.30. The disclosure for this sale can be found here. 3.63% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC boosted its position in M&T Bank Corp. by 3.2% in the first quarter. Nuveen Asset Management LLC now owns 9,520 shares of the company’s stock valued at $1,057,000 after buying an additional 294 shares during the last quarter. AMP Capital Investors Ltd boosted its position in M&T Bank Corp. by 1.4% in the first quarter. AMP Capital Investors Ltd now owns 37,135 shares of the company’s stock valued at $4,158,000 after buying an additional 500 shares during the last quarter. Arizona State Retirement System boosted its position in M&T Bank Corp. by 1.0% in the first quarter. Arizona State Retirement System now owns 58,826 shares of the company’s stock valued at $6,530,000 after buying an additional 600 shares during the last quarter. BlueMountain Capital Management LLC purchased a new position in M&T Bank Corp. during the first quarter valued at $327,000. Finally, Nexus Investment Management Inc. boosted its position in M&T Bank Corp. by 1.6% in the second quarter. Nexus Investment Management Inc. now owns 136,020 shares of the company’s stock valued at $16,082,000 after buying an additional 2,100 shares during the last quarter. 80.09% of the stock is currently owned by hedge funds and other 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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