M&T Bank Corporation (MTB) Analysts See $3.36 EPS

September 16, 2018 - By Richard Slagle

M&T Bank Corporation (NYSE:MTB) LogoInvestors sentiment increased to 1.13 in 2018 Q2. Its up 0.11, from 1.02 in 2018Q1. It improved, as 31 investors sold M&T Bank Corporation shares while 179 reduced holdings. 71 funds opened positions while 166 raised stakes. 112.08 million shares or 1.27% more from 110.68 million shares in 2018Q1 were reported.
Mirae Asset Glob Invests holds 0.01% or 2,785 shares. Umb Comml Bank N A Mo reported 1,664 shares stake. Deutsche Natl Bank Ag, a Germany-based fund reported 1.35M shares. Employees Retirement Association Of Colorado has invested 0.03% in M&T Bank Corporation (NYSE:MTB). Shelton Capital Mgmt holds 1,180 shares. Retirement Of Alabama has invested 0.06% in M&T Bank Corporation (NYSE:MTB). The New York-based Estabrook Capital Mngmt has invested 0% in M&T Bank Corporation (NYSE:MTB). Caxton Associate Limited Partnership stated it has 0.01% in M&T Bank Corporation (NYSE:MTB). Cibc Asset Management invested in 14,866 shares. Coho Ltd has 0.01% invested in M&T Bank Corporation (NYSE:MTB) for 1,744 shares. Everence Capital Management Inc stated it has 0.17% in M&T Bank Corporation (NYSE:MTB). Oakworth Cap Inc holds 39 shares. Ontario Teachers Pension Plan Board holds 10,874 shares or 0.03% of its portfolio. Moreover, Rocky Mountain Advisers Limited Liability has 0.01% invested in M&T Bank Corporation (NYSE:MTB). Pggm reported 150,700 shares.

Since April 26, 2018, it had 0 insider buys, and 3 selling transactions for $4.99 million activity. $4.53M worth of M&T Bank Corporation (NYSE:MTB) shares were sold by SALAMONE DENIS J. $279,350 worth of stock was sold by Bojdak Robert J on Friday, June 8.

Analysts expect M&T Bank Corporation (NYSE:MTB) to report $3.36 EPS on October, 17.They anticipate $1.12 EPS change or 50.00 % from last quarter’s $2.24 EPS. MTB’s profit would be $483.14 million giving it 12.74 P/E if the $3.36 EPS is correct. After having $3.29 EPS previously, M&T Bank Corporation’s analysts see 2.13 % EPS growth. The stock increased 0.12% or $0.21 during the last trading session, reaching $171.22. About 694,731 shares traded. M&T Bank Corporation (NYSE:MTB) has risen 17.06% since September 16, 2017 and is uptrending. It has outperformed by 1.44% the S&P500.

M&T Bank Corporation (NYSE:MTB) Ratings Coverage

Among 9 analysts covering M&T Bank (NYSE:MTB), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. M&T Bank had 12 analyst reports since April 4, 2018 according to SRatingsIntel. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, April 4. The stock has “Sell” rating by UBS on Tuesday, April 10. The firm has “Outperform” rating by Wood given on Tuesday, September 4. Piper Jaffray maintained it with “Hold” rating and $18600 target in Friday, April 6 report. The stock of M&T Bank Corporation (NYSE:MTB) earned “Outperform” rating by Bernstein on Wednesday, June 27. Morgan Stanley maintained it with “Equal-Weight” rating and $195 target in Friday, July 20 report. The firm has “Hold” rating given on Monday, April 16 by Piper Jaffray. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, April 18. The firm has “Neutral” rating given on Tuesday, April 17 by Wedbush. The company was upgraded on Wednesday, April 18 by Robert W. Baird.

M&T Bank Corporation operates as the holding firm for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provide retail and commercial banking services. The company has market cap of $24.62 billion. The companyÂ’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. It has a 17.67 P/E ratio. The Company’s Commercial Banking segment provides commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers.

More important recent M&T Bank Corporation (NYSE:MTB) news were published by: Bizjournals.com which released: “M&T Bank is “closing the gap” when it comes to technology investments and advancements.” on September 14, 2018, also Seekingalpha.com published article titled: “Banks mostly tone down expectations for Q3, but Wells Fargo delivers some good news”, Seekingalpha.com published: “M&T Bank declares $1.00 dividend” on August 21, 2018. More interesting news about M&T Bank Corporation (NYSE:MTB) was released by: Bizjournals.com and their article: “Bank of America widens gap as Greater Baltimore’s biggest bank” with publication date: September 14, 2018.

M&T Bank Corporation (NYSE:MTB) Institutional Positions Chart

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