EPS for M&T Bank Corporation (MTB) Expected At $2.40

September 17, 2017 - By Nellie Frank

 EPS for M&T Bank Corporation (MTB) Expected At $2.40
Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.29, from 1.17 in 2016Q3. It is negative, as 32 investors sold M&T Bank Corporation shares while 200 reduced holdings. 70 funds opened positions while 135 raised stakes. 123.12 million shares or 4.03% more from 118.36 million shares in 2016Q3 were reported.
Golub Grp Inc Lc reported 6,105 shares. Employees Retirement Association Of Colorado holds 0.03% or 26,554 shares in its portfolio. Morgan Stanley owns 132,463 shares or 0.01% of their US portfolio. Alpine Woods Capital Invsts Limited Liability Corporation holds 65,705 shares or 0.57% of its portfolio. Bridgewater L P holds 3,600 shares. Jane Street Gp Lc accumulated 6,234 shares. Panagora Asset Mngmt Inc holds 0.01% or 9,971 shares in its portfolio. Strs Ohio holds 0.01% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 15,346 shares. Geode Cap Mngmt Limited Liability Corp invested in 0.1% or 1.40 million shares. Nuveen Asset Ltd Liability Com reported 0.02% in M&T Bank Corporation (NYSE:MTB). Financial Svcs owns 0.01% invested in M&T Bank Corporation (NYSE:MTB) for 105 shares. Bancorp Of America Corporation De reported 0.02% in M&T Bank Corporation (NYSE:MTB). Teachers Retirement Sys Of The State Of Kentucky owns 93,193 shares or 0.19% of their US portfolio. Fiduciary Tru owns 41,292 shares. Smith Graham & Invest Advsr L P invested in 0.52% or 30,810 shares.

Since May 23, 2017, it had 0 buys, and 4 selling transactions for $3.33 million activity. 1,000 shares were sold by Warman D Scott N, worth $161,198 on Tuesday, May 23. HICKEY BRIAN E sold 2,000 shares worth $324,042. Gold Richard S also sold $1.12M worth of M&T Bank Corporation (NYSE:MTB) on Friday, June 9.

Analysts await M&T Bank Corporation (NYSE:MTB) to report earnings on October, 18. They expect $2.40 EPS, up 12.68 % or $0.27 from last year’s $2.13 per share. MTB’s profit will be $364.66M for 15.62 P/E if the $2.40 EPS becomes a reality. After $2.38 actual EPS reported by M&T Bank Corporation for the previous quarter, Wall Street now forecasts 0.84 % EPS growth. The stock increased 0.05% or $0.07 on September 15, reaching $149.99. About 1.57M shares traded or 127.78% up from the average. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since September 17, 2016 and is uptrending. It has outperformed by 19.11% the S&P500.

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

Among 22 analysts covering M&T Bank (NYSE:MTB), 4 have Buy rating, 4 Sell and 14 Hold. Therefore 18% are positive. M&T Bank had 58 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of M&T Bank Corporation (NYSE:MTB) earned “Mkt Perform” rating by FBR Capital on Thursday, July 21. Keefe Bruyette & Woods maintained the shares of MTB in report on Wednesday, July 19 with “Hold” rating. FBR Capital maintained the stock with “Mkt Perform” rating in Wednesday, January 20 report. The firm has “Underperform” rating by Bank of America given on Thursday, December 15. The stock has “Buy” rating by Jefferies on Tuesday, July 11. The stock of M&T Bank Corporation (NYSE:MTB) has “Sector Perform” rating given on Thursday, April 21 by Portales. The firm earned “Mkt Perform” rating on Thursday, October 20 by FBR Capital. On Thursday, August 17 the stock rating was maintained by Jefferies with “Buy”. Wedbush maintained M&T Bank Corporation (NYSE:MTB) rating on Wednesday, November 30. Wedbush has “Neutral” rating and $134 target. FBR Capital maintained M&T Bank Corporation (NYSE:MTB) on Tuesday, October 20 with “Mkt Perform” rating.

M&T Bank Corporation is a bank holding company. The company has market cap of $22.79 billion. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). It has a 17.51 P/E ratio. The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

More notable recent M&T Bank Corporation (NYSE:MTB) news were published by: Nasdaq.com which released: “M&T Bank Corporation (MTB) Ex-Dividend Date Scheduled for August 30, 2017” on August 29, 2017, also Prnewswire.com with their article: “M&T Bank to Anchor New Tower at 1 Light Street in Baltimore” published on September 07, 2017, Nasdaq.com published: “M&T Bank (MTB) Down 4% Since Earnings Report: Can It Rebound?” on August 22, 2017. More interesting news about M&T Bank Corporation (NYSE:MTB) were released by: Prnewswire.com and their article: “M&T Bank Names Laura P. O’Hara as Senior Vice President and General Counsel” published on August 21, 2017 as well as Nasdaq.com‘s news article titled: “Why Hold Strategy is Ideal for M&T Bank (MTB) Stock Now” with publication date: September 05, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.