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

June 14, 2018 - By Susan Price

M&T Bank Corporation (NYSE:MTB) LogoInvestors sentiment increased to 1.02 in 2018 Q1. Its up 0.21, from 0.81 in 2017Q4. It increased, 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.
Nomura Holding accumulated 24,468 shares. Pictet Asset Mngmt Limited holds 0.04% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 80,959 shares. Cap Global invested in 6.15 million shares or 0.32% of the stock. Tiverton Asset Management Limited Liability Com has 637 shares for 0.01% of their portfolio. Moreover, Tiaa Cref Inv Limited Liability Company has 0.05% invested in M&T Bank Corporation (NYSE:MTB) for 386,606 shares. Retirement Sys Of Alabama holds 71,742 shares. Orrstown Fincl Services invested in 0.51% or 2,351 shares. Reilly Financial Advsrs Ltd Com holds 125 shares. The Connecticut-based Benin Management Corp has invested 0.15% in M&T Bank Corporation (NYSE:MTB). Gulf Int Savings Bank (Uk) Ltd holds 0.1% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 43,770 shares. Teacher Retirement Of Texas has invested 0.04% of its portfolio in M&T Bank Corporation (NYSE:MTB). M&R Cap stated it has 5 shares or 0% of all its holdings. Cambridge Research Advsr stated it has 2,807 shares. Bluestein R H & has 6,375 shares. Alps Advsr holds 0.01% or 8,172 shares in its portfolio.

Since December 15, 2017, it had 0 buys, and 11 selling transactions for $14.05 million activity. Bojdak Robert J had sold 1,062 shares worth $207,274 on Monday, February 26. SALAMONE DENIS J sold $5.92M worth of stock. Warman D Scott N also sold $4.15 million worth of M&T Bank Corporation (NYSE:MTB) shares. 1,046 shares were sold by GEISEL GARY N, worth $178,334 on Friday, December 15. King Darren J sold $732,461 worth of stock or 3,834 shares. Gold Richard S sold 4,904 shares worth $939,116.

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. As per Wednesday, December 20, the company rating was maintained by Wells Fargo. The stock has “Hold” rating by Piper Jaffray on Thursday, January 18. The rating was maintained by Robert W. Baird on Tuesday, January 2 with “Sell”. The stock has “Neutral” rating by Wedbush on Tuesday, April 17. Piper Jaffray maintained the stock with “Hold” rating in Friday, April 6 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $19600 target in Wednesday, April 4 report. On Wednesday, April 18 the stock rating was upgraded by Robert W. Baird to “Neutral”. The stock of M&T Bank Corporation (NYSE:MTB) has “Buy” rating given on Thursday, January 18 by RBC Capital Markets. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, April 18. The firm earned “Hold” rating on Monday, February 26 by Keefe Bruyette & Woods.

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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