M&T Bank Corp. (NYSE:MTB)‘s stock had its “market perform” rating restated by Sanford C. Bernstein in a research report issued to clients and investors on Saturday.

Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of M&T Bank Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, September 29th. Wedbush started coverage on shares of M&T Bank Corp. in a research report on Thursday, October 6th. They set a “neutral” rating and a $117.00 target price on the stock. Credit Agricole SA upped their target price 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. Barclays PLC restated a “buy” rating on shares of M&T Bank Corp. in a research report on Friday, August 12th. Finally, Robert W. Baird restated an “underperform” rating on shares of M&T Bank Corp. in a research report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $120.50.

Analyst Recommendations for M&T Bank Corp. (NYSE:MTB)

Shares of M&T Bank Corp. (NYSE:MTB) opened at 141.26 on Friday. The stock’s 50 day moving average is $119.60 and its 200-day moving average is $117.28. The firm has a market cap of $21.90 billion, a P/E ratio of 18.95 and a beta of 0.70. M&T Bank Corp. has a one year low of $100.08 and a one year high of $141.99.

M&T Bank Corp. (NYSE:MTB) last issued its earnings results on Wednesday, October 19th. The company reported $2.13 earnings per share for the quarter, topping the 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 quarter last year, the company earned $1.93 EPS. Analysts anticipate that M&T Bank Corp. will post $7.89 EPS for the current fiscal year.

In other news, insider Brian E. Hickey sold 13,167 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $124.98, for a total value of $1,645,611.66. Following the completion of the sale, the insider now owns 25,055 shares of the company’s stock, valued at $3,131,373.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Robert G. Wilmers sold 100,000 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $117.76, for a total transaction of $11,776,000.00. Following the completion of the sale, the chairman now directly owns 2,598,729 shares of the company’s stock, valued at approximately $306,026,327.04. The disclosure for this sale can be found here. 3.63% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in MTB. Wetherby Asset Management Inc. raised its stake in M&T Bank Corp. by 0.6% in the second quarter. Wetherby Asset Management Inc. now owns 1,984 shares of the company’s stock valued at $234,000 after buying an additional 12 shares during the last quarter. Canandaigua National Bank & Trust Co. raised its stake in M&T Bank Corp. by 0.7% in the third quarter. Canandaigua National Bank & Trust Co. now owns 1,763 shares of the company’s stock worth $205,000 after buying an additional 13 shares during the last quarter. Alpha Windward LLC raised its stake in M&T Bank Corp. by 1.1% in the third quarter. Alpha Windward LLC now owns 1,592 shares of the company’s stock worth $185,000 after buying an additional 17 shares during the last quarter. LVW Advisors LLC raised its stake in M&T Bank Corp. by 0.6% in the second quarter. LVW Advisors LLC now owns 3,298 shares of the company’s stock worth $413,000 after buying an additional 20 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its stake in M&T Bank Corp. by 0.4% in the second quarter. First Allied Advisory Services Inc. now owns 6,480 shares of the company’s stock worth $767,000 after buying an additional 24 shares during the last quarter. 80.09% of the stock is owned by institutional investors.

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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