M&T Bank Corporation (MTB) Analysts See $3.15 EPS

June 14, 2018 - By Kenneth Lin

M&T Bank Corporation (NYSE:MTB) LogoInvestors sentiment increased to 1.02 in Q1 2018. Its up 0.21, from 0.81 in 2017Q4. It improved, as 32 investors sold M&T Bank Corporation shares while 180 reduced holdings. 70 funds opened positions while 146 raised stakes. 110.68 million shares or 1.25% less from 112.08 million shares in 2017Q4 were reported.
Bradley Foster And Sargent Ct reported 29,986 shares stake. Moors & Cabot Inc holds 4,065 shares. Oakbrook Investments Limited Company reported 6,220 shares. Raymond James Fincl Ser Advisors holds 18,575 shares or 0.02% of its portfolio. Wellington Mngmt Gru Ltd Liability Partnership has 0.19% invested in M&T Bank Corporation (NYSE:MTB) for 4.59 million shares. Cobblestone Capital Ltd Liability Com Ny has invested 0.1% in M&T Bank Corporation (NYSE:MTB). Bartlett & Limited Liability owns 225 shares or 0% of their US portfolio. State Treasurer State Of Michigan invested 0.07% of its portfolio in M&T Bank Corporation (NYSE:MTB). Fred Alger Mngmt holds 0% in M&T Bank Corporation (NYSE:MTB) or 25 shares. New York-based Cibc Ww Mkts Corp has invested 0.04% in M&T Bank Corporation (NYSE:MTB). 768,271 are held by Balyasny Asset Mgmt Limited Company. Prudential Public Lc has invested 0.19% in M&T Bank Corporation (NYSE:MTB). Benin Management Corporation accumulated 1,855 shares or 0.15% of the stock. Meeder Asset Mngmt reported 0.06% in M&T Bank Corporation (NYSE:MTB). Korea Corporation stated it has 0.05% in M&T Bank Corporation (NYSE:MTB).

Since December 15, 2017, it had 0 insider purchases, and 11 selling transactions for $14.05 million activity. 1,025 M&T Bank Corporation (NYSE:MTB) shares with value of $195,148 were sold by Todaro Michael J.. SALAMONE DENIS J also sold $5.92M worth of M&T Bank Corporation (NYSE:MTB) shares. Trolli Michele D sold $1.12M worth of stock or 6,000 shares. King Darren J sold $732,461 worth of M&T Bank Corporation (NYSE:MTB) on Monday, January 29. The insider GEISEL GARY N sold $178,334. Bojdak Robert J had sold 1,570 shares worth $279,350.

Analysts expect M&T Bank Corporation (NYSE:MTB) to report $3.15 EPS on July, 18.They anticipate $0.77 EPS change or 32.35 % from last quarter’s $2.38 EPS. MTB’s profit would be $457.49 million giving it 13.87 P/E if the $3.15 EPS is correct. After having $2.94 EPS previously, M&T Bank Corporation’s analysts see 7.14 % EPS growth. The stock increased 0.18% or $0.31 during the last trading session, reaching $174.71. About 1.29M shares traded or 77.15% up from the average. M&T Bank Corporation (NYSE:MTB) has risen 11.09% since June 15, 2017 and is uptrending. It has underperformed by 1.48% the S&P500.

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

Among 12 analysts covering M&T Bank (NYSE:MTB), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. M&T Bank had 22 analyst reports since December 20, 2017 according to SRatingsIntel. On Thursday, January 18 the stock rating was maintained by Robert W. Baird with “Sell”. As per Thursday, January 18, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Hold” rating on Monday, February 5 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Thursday, January 18 by Sandler O’Neill. Jefferies maintained M&T Bank Corporation (NYSE:MTB) on Monday, January 8 with “Buy” rating. Piper Jaffray maintained M&T Bank Corporation (NYSE:MTB) on Friday, April 6 with “Hold” rating. The stock of M&T Bank Corporation (NYSE:MTB) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Barclays Capital on Monday, February 26 with “Overweight”. The stock of M&T Bank Corporation (NYSE:MTB) has “Hold” rating given on Tuesday, February 6 by Wedbush. The rating was downgraded by UBS on Tuesday, April 10 to “Sell”.

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 $25.37 billion. The companyÂ’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. It has a 19.82 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.

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

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