M&T Bank Co. (NYSE:MTB) Receives Consensus Rating of “Hold” from Brokerages

M&T Bank Co. (NYSE:MTB) has earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $158.48.

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of M&T Bank from $145.00 to $150.00 and gave the company an “equal weight” rating in a report on Tuesday. Jefferies Financial Group cut their price target on shares of M&T Bank from $154.00 to $151.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Evercore ISI upped their price target on shares of M&T Bank from $146.00 to $157.00 and gave the company an “in-line” rating in a report on Thursday, March 28th. UBS Group boosted their target price on shares of M&T Bank from $139.00 to $154.00 in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of M&T Bank from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday.

Insider Transactions at M&T Bank

In other news, Director Kirk W. Walters sold 28,845 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $145.00, for a total transaction of $4,182,525.00. Following the completion of the transaction, the director now owns 6,367 shares in the company, valued at $923,215. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Kirk W. Walters sold 28,845 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $145.00, for a total value of $4,182,525.00. Following the completion of the transaction, the director now owns 6,367 shares in the company, valued at approximately $923,215. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Doris P. Meister sold 1,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $132.30, for a total transaction of $132,300.00. Following the completion of the transaction, the executive vice president now owns 7,274 shares of the company’s stock, valued at approximately $962,350.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,481 shares of company stock worth $5,114,624. Insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On M&T Bank

Institutional investors and hedge funds have recently bought and sold shares of the stock. Applied Capital LLC FL acquired a new stake in M&T Bank in the 1st quarter valued at about $4,069,000. Synergy Asset Management LLC acquired a new stake in M&T Bank in the 1st quarter valued at about $2,746,000. Aviance Capital Partners LLC acquired a new stake in M&T Bank in the 1st quarter valued at about $494,000. Fiduciary Alliance LLC acquired a new stake in M&T Bank in the 1st quarter valued at about $3,158,000. Finally, Cornerstone Wealth Group LLC acquired a new stake in M&T Bank in the 1st quarter valued at about $3,812,000. Institutional investors own 84.68% of the company’s stock.

M&T Bank Trading Up 0.2 %

NYSE MTB opened at $139.30 on Friday. The company’s fifty day simple moving average is $139.76 and its 200-day simple moving average is $132.81. M&T Bank has a 52 week low of $108.53 and a 52 week high of $148.23. The company has a current ratio of 0.94, a quick ratio of 0.99 and a debt-to-equity ratio of 0.46. The stock has a market cap of $23.21 billion, a P/E ratio of 9.42, a PEG ratio of 1.26 and a beta of 0.80.

M&T Bank (NYSE:MTB) last posted its quarterly earnings results on Monday, April 15th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.13 by ($0.11). The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.26 billion. M&T Bank had a net margin of 19.52% and a return on equity of 10.68%. During the same period in the prior year, the company earned $4.09 earnings per share. Equities research analysts predict that M&T Bank will post 13.93 EPS for the current fiscal year.

M&T Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 4th were given a dividend of $1.30 per share. The ex-dividend date was Friday, March 1st. This represents a $5.20 annualized dividend and a dividend yield of 3.73%. M&T Bank’s dividend payout ratio is currently 35.16%.

M&T Bank Company Profile

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.