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

September 17, 2017 - By Richard Conner

 M&T Bank Corporation (MTB) EPS Estimated At $2.40
Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.29, from 1.17 in 2016Q3. It fall, 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.
State Of Tennessee Treasury Department invested in 0.04% or 48,066 shares. King Wealth Mngmt Gru Ltd Liability has 3,828 shares. Principal Fincl Gp Inc accumulated 1.55M shares or 0.31% of the stock. Brown Advisory has invested 0.04% in M&T Bank Corporation (NYSE:MTB). Pictet Asset Management Ltd invested in 0.04% or 74,996 shares. 2,837 were reported by Benin. Franklin Resource holds 0% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 13,025 shares. Brown Brothers Harriman has 2,046 shares. Sentinel Asset Mgmt reported 0.04% stake. Macquarie Group Ltd invested 0% of its portfolio in M&T Bank Corporation (NYSE:MTB). Pennsylvania-based Hudock Gru Limited Liability Corporation has invested 0.84% in M&T Bank Corporation (NYSE:MTB). Confluence Inv Mgmt Ltd Company owns 88,280 shares. Cls Investments Limited Liability Co holds 0.02% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 2,289 shares. Creative Planning has 10,738 shares for 0.01% of their portfolio. Martingale Asset Lp stated it has 0.33% of its portfolio in M&T Bank Corporation (NYSE:MTB).

Since May 23, 2017, it had 0 insider purchases, and 4 insider sales for $3.33 million activity. Coletti Janet M. sold $1.72M worth of M&T Bank Corporation (NYSE:MTB) on Friday, June 9. Warman D Scott N also sold $161,198 worth of M&T Bank Corporation (NYSE:MTB) shares. HICKEY BRIAN E had sold 2,000 shares worth $324,042 on Tuesday, May 23.

Wall Street await M&T Bank Corporation (NYSE:MTB) to release earnings on October, 18. Analysts forecast EPS of $2.40, up exactly $0.27 or 12.68 % from 2014’s $2.13 EPS. The expected MTB’s profit could reach $364.66M giving the stock 15.62 P/E in the case that $2.40 earnings per share is reported. After posting $2.38 EPS for the previous quarter, M&T Bank Corporation’s analysts now forecast 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. As per Friday, August 4, the company rating was downgraded by Macquarie Research. The rating was downgraded by Goldman Sachs on Monday, January 11 to “Neutral”. As per Thursday, August 10, the company rating was maintained by Wells Fargo. The firm earned “Hold” rating on Wednesday, July 19 by Keefe Bruyette & Woods. As per Thursday, January 21, the company rating was initiated by JP Morgan. The rating was maintained by RBC Capital Markets with “Buy” on Friday, August 18. Robert W. Baird maintained M&T Bank Corporation (NYSE:MTB) on Tuesday, September 5 with “Sell” rating. Wedbush maintained the shares of MTB in report on Wednesday, November 30 with “Neutral” rating. The stock of M&T Bank Corporation (NYSE:MTB) has “Buy” rating given on Thursday, August 17 by Jefferies. The rating was maintained by Keefe Bruyette & Woods on Monday, June 19 with “Hold”.

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 Names Laura P. O’Hara as Senior Vice President and General Counsel” published on August 21, 2017, Prnewswire.com published: “M&T Bank to Anchor New Tower at 1 Light Street in Baltimore” on September 07, 2017. More interesting news about M&T Bank Corporation (NYSE:MTB) were released by: Nasdaq.com and their article: “M&T Bank (MTB) Down 4% Since Earnings Report: Can It Rebound?” published on August 22, 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.

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