M&T Bank Corporation (MTB) Analysts See $2.70 EPS

March 15, 2018 - By Stephen Andrade

 M&T Bank Corporation (MTB) Analysts See $2.70 EPS
Investors sentiment increased to 1.09 in 2017 Q3. Its up 0.19, from 0.9 in 2017Q2. It improved, as 28 investors sold M&T Bank Corporation shares while 176 reduced holdings. 63 funds opened positions while 159 raised stakes. 112.44 million shares or 5.48% less from 118.95 million shares in 2017Q2 were reported.
Hbk Sorce Advisory Limited Liability Company has invested 0.37% of its portfolio in M&T Bank Corporation (NYSE:MTB). Ohio-based Dean Investment Associate Limited Liability Com has invested 0.11% in M&T Bank Corporation (NYSE:MTB). Dekabank Deutsche Girozentrale owns 11,863 shares or 0.02% of their US portfolio. First Manhattan reported 18,604 shares. Parametric Port Assocs Ltd Llc holds 0.05% in M&T Bank Corporation (NYSE:MTB) or 279,187 shares. San Francisco Sentry Grp (Ca) holds 0% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 49 shares. Norinchukin Retail Bank The reported 0.05% of its portfolio in M&T Bank Corporation (NYSE:MTB). The Massachusetts-based Winslow Evans And Crocker has invested 0% in M&T Bank Corporation (NYSE:MTB). Arizona State Retirement Sys has invested 0.15% in M&T Bank Corporation (NYSE:MTB). Tdam Usa accumulated 2,491 shares. Welch And Forbes Limited Co reported 2,045 shares. Citigroup holds 0.01% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 89,982 shares. Hermes Invest Management Limited holds 0.36% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 148,359 shares. 6,775 are held by Oakbrook Investments Lc. 283,196 were accumulated by Price T Rowe Associate Md.

Since October 27, 2017, it had 0 buys, and 11 sales for $18.70 million activity. $207,274 worth of M&T Bank Corporation (NYSE:MTB) was sold by Bojdak Robert J on Monday, February 26. Another trade for 672 shares valued at $126,712 was made by Todaro Michael J. on Monday, January 29. Shares for $1.63M were sold by Trolli Michele D on Friday, October 27. SPYCHALA MICHAEL R sold $3.49 million worth of stock. SALAMONE DENIS J sold 31,511 shares worth $5.92M. Shares for $178,334 were sold by GEISEL GARY N on Friday, December 15.

Analysts expect M&T Bank Corporation (NYSE:MTB) to report $2.70 EPS on April, 16.They anticipate $0.55 EPS change or 25.58 % from last quarter’s $2.15 EPS. MTB’s profit would be $400.98M giving it 17.62 P/E if the $2.70 EPS is correct. After having $2.66 EPS previously, M&T Bank Corporation’s analysts see 1.50 % EPS growth. The stock increased 0.01% or $0.02 during the last trading session, reaching $190.33. About 364,922 shares traded. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since March 16, 2017 and is uptrending. It has outperformed by 19.11% the S&P500.

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

Among 26 analysts covering M&T Bank (NYSE:MTB), 5 have Buy rating, 3 Sell and 18 Hold. Therefore 19% are positive. M&T Bank had 86 analyst reports since August 6, 2015 according to SRatingsIntel. FBR Capital maintained it with “Mkt Perform” rating and $112 target in Wednesday, January 20 report. Jefferies maintained the stock with “Hold” rating in Thursday, June 8 report. The company was maintained on Tuesday, October 20 by Barclays Capital. As per Friday, August 4, the company rating was downgraded by Macquarie Research. The firm has “Neutral” rating given on Thursday, September 28 by Nomura. On Friday, March 24 the stock rating was maintained by Wood with “Hold”. The firm has “Buy” rating given on Friday, September 22 by Jefferies. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Wednesday, October 18 report. On Wednesday, January 11 the stock rating was downgraded by UBS to “Sell”. The stock has “Hold” rating by Sandler O’Neill on Thursday, January 18.

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 $28.27 billion. The companyÂ’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. It has a 21.87 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.

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