Analysts Expect M&T Bank Co. (NYSE:MTB) Will Post Earnings of $3.32 Per Share

Equities research analysts expect that M&T Bank Co. (NYSE:MTB) will announce earnings per share of $3.32 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for M&T Bank’s earnings. The highest EPS estimate is $3.68 and the lowest is $3.05. M&T Bank posted earnings per share of $2.77 in the same quarter last year, which indicates a positive year over year growth rate of 19.9%. The business is scheduled to issue its next earnings results on Thursday, October 28th.

On average, analysts expect that M&T Bank will report full-year earnings of $13.42 per share for the current fiscal year, with EPS estimates ranging from $12.85 to $14.34. For the next financial year, analysts forecast that the company will report earnings of $12.53 per share, with EPS estimates ranging from $12.16 to $12.86. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow M&T Bank.

M&T Bank (NYSE:MTB) last announced its quarterly earnings results on Tuesday, July 20th. The financial services provider reported $3.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.70 by ($0.29). M&T Bank had a net margin of 24.89% and a return on equity of 10.39%. During the same period in the prior year, the firm posted $1.76 earnings per share.

MTB has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on M&T Bank from $161.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 1st. Morgan Stanley upped their target price on M&T Bank from $175.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 29th. Zacks Investment Research raised M&T Bank from a “hold” rating to a “buy” rating and set a $163.00 price objective for the company in a research report on Tuesday, April 27th. Wedbush reduced their price objective on M&T Bank from $171.00 to $158.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Odeon Capital Group raised M&T Bank from a “sell” rating to a “hold” rating and set a $128.68 price objective for the company in a research report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. M&T Bank presently has a consensus rating of “Hold” and an average target price of $159.32.

In other news, EVP Michele D. Trolli sold 4,967 shares of the firm’s stock in a transaction on Tuesday, April 27th. The stock was sold at an average price of $155.74, for a total value of $773,560.58. Following the completion of the sale, the executive vice president now directly owns 10,622 shares in the company, valued at $1,654,270.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP D Scott N. Warman sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 3rd. The shares were sold at an average price of $163.00, for a total value of $652,000.00. Following the completion of the sale, the executive vice president now owns 14,486 shares of the company’s stock, valued at $2,361,218. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

Several large investors have recently made changes to their positions in MTB. Vantage Consulting Group Inc bought a new position in M&T Bank in the fourth quarter valued at about $26,000. E Fund Management Co. Ltd. acquired a new stake in shares of M&T Bank during the first quarter worth about $34,000. Fort Pitt Capital Group LLC acquired a new stake in shares of M&T Bank during the fourth quarter worth about $38,000. Global Retirement Partners LLC raised its position in M&T Bank by 49.5% in the 1st quarter. Global Retirement Partners LLC now owns 302 shares of the financial services provider’s stock valued at $46,000 after buying an additional 100 shares during the last quarter. Finally, SOA Wealth Advisors LLC. acquired a new stake in M&T Bank in the 4th quarter valued at approximately $48,000. Institutional investors own 83.63% of the company’s stock.

Shares of NYSE MTB traded down $3.46 during trading hours on Thursday, hitting $129.59. The stock had a trading volume of 17,941 shares, compared to its average volume of 870,981. The firm has a market capitalization of $16.67 billion, a P/E ratio of 11.73 and a beta of 1.19. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $151.55. M&T Bank has a 52 week low of $88.48 and a 52 week high of $168.27.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 1st were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, May 28th. This represents a $4.40 annualized dividend and a yield of 3.40%. M&T Bank’s dividend payout ratio is currently 43.91%.

About M&T Bank

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers.

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

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