Analysts expect M&T Bank Corporation (NYSE:MTB) to report $2.40 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for M&T Bank’s earnings. The highest EPS estimate is $2.47 and the lowest is $2.33. M&T Bank reported earnings per share of $2.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The business is scheduled to report its next earnings report on Thursday, January 18th.

On average, analysts expect that M&T Bank will report full year earnings of $9.10 per share for the current fiscal year, with EPS estimates ranging from $9.06 to $9.15. For the next fiscal year, analysts expect that the company will report earnings of $9.91 per share, with EPS estimates ranging from $9.66 to $10.29. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for M&T Bank.

M&T Bank (NYSE:MTB) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). M&T Bank had a return on equity of 9.52% and a net margin of 23.97%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm earned $2.10 earnings per share.

A number of equities research analysts recently commented on MTB shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 price objective (down from $171.00) on shares of M&T Bank in a research note on Saturday, September 16th. Zacks Investment Research cut M&T Bank from a “buy” rating to a “hold” rating in a research note on Monday, October 9th. Robert W. Baird reaffirmed a “sell” rating and set a $130.00 price objective on shares of M&T Bank in a research note on Friday, October 6th. BidaskClub cut M&T Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, Nomura lifted their price objective on M&T Bank from $144.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. M&T Bank currently has an average rating of “Hold” and an average target price of $162.56.

Shares of M&T Bank (NYSE MTB) traded down $0.92 during trading on Friday, hitting $169.51. The company had a trading volume of 436,789 shares, compared to its average volume of 747,448. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.57. M&T Bank has a twelve month low of $141.12 and a twelve month high of $176.62. The firm has a market capitalization of $25,926.28, a PE ratio of 19.62, a PEG ratio of 2.10 and a beta of 0.84.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.00 annualized dividend and a yield of 1.77%. M&T Bank’s dividend payout ratio is presently 34.64%.

In other M&T Bank news, VP Michele D. Trolli sold 9,730 shares of M&T Bank stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $167.89, for a total transaction of $1,633,569.70. Following the transaction, the vice president now directly owns 24,708 shares in the company, valued at $4,148,226.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Randolph Michael Kasum sold 800,000 shares of M&T Bank stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $0.08, for a total value of $64,000.00. Over the last quarter, insiders have acquired 671,000 shares of company stock worth $55,870 and have sold 1,690,680 shares worth $1,903,281. Insiders own 3.18% of the company’s stock.

A number of hedge funds have recently bought and sold shares of MTB. Capital Research Global Investors lifted its holdings in shares of M&T Bank by 5.7% in the second quarter. Capital Research Global Investors now owns 5,620,509 shares of the financial services provider’s stock valued at $910,241,000 after purchasing an additional 302,511 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of M&T Bank by 1,012.7% in the third quarter. Canada Pension Plan Investment Board now owns 250,491 shares of the financial services provider’s stock valued at $40,339,000 after purchasing an additional 227,980 shares in the last quarter. Capital World Investors lifted its holdings in shares of M&T Bank by 5.1% in the second quarter. Capital World Investors now owns 4,129,000 shares of the financial services provider’s stock valued at $668,692,000 after purchasing an additional 200,000 shares in the last quarter. PGGM Investments lifted its holdings in shares of M&T Bank by 103.5% in the third quarter. PGGM Investments now owns 256,781 shares of the financial services provider’s stock valued at $41,352,000 after purchasing an additional 130,607 shares in the last quarter. Finally, Pinebridge Investments L.P. lifted its holdings in shares of M&T Bank by 115.4% in the third quarter. Pinebridge Investments L.P. now owns 177,184 shares of the financial services provider’s stock valued at $28,534,000 after purchasing an additional 94,919 shares in the last quarter. Hedge funds and other institutional investors own 79.29% of the company’s stock.

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M&T Bank Company Profile

M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

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

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