M&T Bank (NYSE:MTB) received a $180.00 price target from stock analysts at Wells Fargo & Company in a note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the financial services provider’s stock. Wells Fargo & Company’s price target suggests a potential upside of 3.51% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. Robert W. Baird reaffirmed a “sell” rating and set a $145.00 price objective on shares of M&T Bank in a report on Friday, October 20th. Nomura increased their price objective on shares of M&T Bank from $145.00 to $162.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. Citigroup reaffirmed a “neutral” rating and set a $170.00 price objective (up from $160.00) on shares of M&T Bank in a report on Monday, October 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $167.00 price objective on shares of M&T Bank in a report on Friday, September 22nd. Finally, Zacks Investment Research raised shares of M&T Bank from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a report on Tuesday, September 19th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $166.41.

Shares of M&T Bank (NYSE MTB) opened at $173.90 on Wednesday. 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 fifty-two week low of $141.12 and a fifty-two week high of $176.62. The stock has a market cap of $26,168.61, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 2.12 and a beta of 0.84.

M&T Bank (NYSE:MTB) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). M&T Bank had a net margin of 23.97% and a return on equity of 9.52%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $2.10 earnings per share. equities research analysts anticipate that M&T Bank will post 9.1 earnings per share for the current year.

In other news, VP Michele D. Trolli sold 9,730 shares of M&T Bank stock in a transaction on 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 completion of the sale, 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 can be accessed through the SEC website. Also, insider Randolph Michael Kasum sold 530,000 shares of M&T Bank stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $0.08, for a total value of $42,400.00. Over the last ninety days, insiders have acquired 534,000 shares of company stock valued at $43,440 and have sold 1,712,128 shares valued at $5,604,108. 3.18% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in MTB. Dupont Capital Management Corp bought a new stake in shares of M&T Bank in the second quarter valued at about $140,000. QCI Asset Management Inc. NY raised its holdings in shares of M&T Bank by 0.3% in the second quarter. QCI Asset Management Inc. NY now owns 1,059 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 3 shares in the last quarter. Sun Life Financial INC raised its holdings in M&T Bank by 8,576.9% in the second quarter. Sun Life Financial INC now owns 1,128 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,115 shares in the last quarter. Wedbush Securities Inc. bought a new position in M&T Bank in the third quarter worth about $206,000. Finally, Columbia Asset Management bought a new position in M&T Bank in the third quarter worth about $212,000. Institutional investors and hedge funds own 77.71% 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.

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

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