M&T Bank (NYSE:MTB – Get Rating) will be posting its quarterly earnings results before the market opens on Monday, April 17th. Analysts expect M&T Bank to post earnings of $4.24 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
M&T Bank (NYSE:MTB – Get Rating) last announced its quarterly earnings data on Thursday, January 19th. The financial services provider reported $4.57 earnings per share for the quarter, topping the consensus estimate of $4.47 by $0.10. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.37 billion. M&T Bank had a return on equity of 11.41% and a net margin of 23.15%. During the same period in the prior year, the company earned $3.37 EPS. On average, analysts expect M&T Bank to post $18 EPS for the current fiscal year and $18 EPS for the next fiscal year.
M&T Bank Stock Performance
NYSE:MTB opened at $117.57 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $19.76 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 0.74 and a beta of 0.78. M&T Bank has a twelve month low of $110.00 and a twelve month high of $193.42. The stock’s 50-day simple moving average is $140.72 and its 200 day simple moving average is $154.69.
M&T Bank Increases Dividend
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in MTB. AlphaCrest Capital Management LLC acquired a new position in shares of M&T Bank during the first quarter valued at about $306,000. Vontobel Holding Ltd. raised its position in M&T Bank by 29.1% during the first quarter. Vontobel Holding Ltd. now owns 2,180 shares of the financial services provider’s stock valued at $375,000 after purchasing an additional 491 shares in the last quarter. Aviva PLC lifted its holdings in shares of M&T Bank by 37.7% in the 1st quarter. Aviva PLC now owns 27,430 shares of the financial services provider’s stock worth $4,649,000 after acquiring an additional 7,503 shares during the last quarter. Prudential PLC bought a new position in shares of M&T Bank during the first quarter valued at about $626,000. Finally, Cetera Investment Advisers increased its position in shares of M&T Bank by 60.8% during the first quarter. Cetera Investment Advisers now owns 5,978 shares of the financial services provider’s stock valued at $1,013,000 after buying an additional 2,260 shares during the period. 84.10% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MTB has been the topic of a number of research reports. Wolfe Research downgraded shares of M&T Bank from an “outperform” rating to a “peer perform” rating in a report on Thursday, March 23rd. Royal Bank of Canada lowered their target price on M&T Bank from $190.00 to $183.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Odeon Capital Group raised M&T Bank from a “hold” rating to a “buy” rating and set a $171.76 price target on the stock in a research note on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of M&T Bank from $255.00 to $175.00 in a report on Friday, January 6th. Finally, Barclays lowered shares of M&T Bank from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $225.00 to $194.00 in a report on Tuesday, January 3rd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $172.32.
M&T Bank Company Profile
M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management and investment services. It operates through the following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking, and Retail Banking.
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