M&T Bank (NYSE:MTB) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other equities research analysts also recently commented on MTB. Barclays dropped their price objective on M&T Bank from $210.00 to $203.00 and set an “overweight” rating for the company in a report on Wednesday, January 2nd. Morgan Stanley dropped their price objective on M&T Bank from $175.00 to $173.00 and set an “equal weight” rating for the company in a report on Tuesday, January 8th. UBS Group upgraded M&T Bank from a “sell” rating to a “neutral” rating in a report on Tuesday, January 8th. Zacks Investment Research upgraded M&T Bank from a “hold” rating to a “buy” rating and set a $183.00 price objective for the company in a report on Friday, January 18th. Finally, Wedbush set a $165.00 price objective on M&T Bank and gave the company a “hold” rating in a report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. M&T Bank currently has an average rating of “Buy” and a consensus price target of $179.58.

NYSE MTB opened at $163.79 on Thursday. The stock has a market capitalization of $24.19 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.91 and a beta of 1.07. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.59. M&T Bank has a 12 month low of $133.78 and a 12 month high of $192.15.

M&T Bank (NYSE:MTB) last released its quarterly earnings data on Thursday, January 17th. The financial services provider reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.27. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. M&T Bank had a return on equity of 14.24% and a net margin of 29.72%. During the same quarter in the prior year, the company posted $2.66 earnings per share. On average, equities research analysts predict that M&T Bank will post 14.62 EPS for the current year.

In other M&T Bank news, VP Michele D. Trolli sold 5,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.14, for a total value of $865,700.00. Following the completion of the transaction, the vice president now directly owns 10,878 shares of the company’s stock, valued at $1,883,416.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Gary N. Geisel sold 1,001 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $173.00, for a total value of $173,173.00. Following the completion of the transaction, the director now directly owns 17,512 shares of the company’s stock, valued at $3,029,576. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,766 shares of company stock valued at $2,977,668. Insiders own 0.54% of the company’s stock.

Large investors have recently bought and sold shares of the business. UMB Bank N A MO grew its stake in M&T Bank by 10.4% in the fourth quarter. UMB Bank N A MO now owns 2,041 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 192 shares during the period. Mountain Pacific Investment Advisers Inc. ID boosted its position in shares of M&T Bank by 3.1% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 65,456 shares of the financial services provider’s stock worth $9,369,000 after buying an additional 1,973 shares during the period. TD Asset Management Inc. boosted its position in shares of M&T Bank by 0.5% during the fourth quarter. TD Asset Management Inc. now owns 61,908 shares of the financial services provider’s stock worth $8,861,000 after buying an additional 312 shares during the period. Legal & General Group Plc boosted its position in shares of M&T Bank by 3.0% during the third quarter. Legal & General Group Plc now owns 692,928 shares of the financial services provider’s stock worth $114,030,000 after buying an additional 20,214 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of M&T Bank by 0.8% during the third quarter. JPMorgan Chase & Co. now owns 5,761,927 shares of the financial services provider’s stock worth $948,067,000 after buying an additional 43,529 shares during the period. 79.97% of the stock is owned by hedge funds and other institutional investors.

About M&T Bank

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

Featured Story: Balanced Fund

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for M&T Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&T Bank and related companies with MarketBeat.com's FREE daily email newsletter.