$3.15 EPS Expected for M&T Bank Corporation (MTB)

June 14, 2018 - By Donald McKee

M&T Bank Corporation (NYSE:MTB) LogoInvestors sentiment increased to 1.02 in Q1 2018. Its up 0.21, from 0.81 in 2017Q4. It improved, 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.
Victory Capital invested 0.01% in M&T Bank Corporation (NYSE:MTB). Df Dent & Com accumulated 3,302 shares. C M Bidwell Assocs stated it has 0.26% of its portfolio in M&T Bank Corporation (NYSE:MTB). Alpine Woods Cap Limited Liability Corporation holds 42,505 shares or 0.42% of its portfolio. Citigroup Inc has 0.02% invested in M&T Bank Corporation (NYSE:MTB) for 125,518 shares. Lesa Sroufe & holds 3.65% in M&T Bank Corporation (NYSE:MTB) or 25,263 shares. Morgan Stanley stated it has 0.01% of its portfolio in M&T Bank Corporation (NYSE:MTB). Andra Ap invested 0.16% of its portfolio in M&T Bank Corporation (NYSE:MTB). Shell Asset Mgmt Com holds 9,270 shares or 0.03% of its portfolio. Td Asset owns 63,551 shares for 0.02% of their portfolio. Folger Nolan Fleming Douglas stated it has 0.41% of its portfolio in M&T Bank Corporation (NYSE:MTB). Deutsche Savings Bank Ag reported 331,161 shares. Connors Investor Serv Inc, a Pennsylvania-based fund reported 59,345 shares. Profund Advsr Limited Liability Company reported 0.06% in M&T Bank Corporation (NYSE:MTB). Gsa Capital Prtn Ltd Liability Partnership, United Kingdom-based fund reported 1,857 shares.

Since December 15, 2017, it had 0 buys, and 11 insider sales for $14.05 million activity. 3,834 shares were sold by King Darren J, worth $732,461 on Monday, January 29. Another trade for 975 shares valued at $177,957 was sold by Siddique Sabeth. 1,570 shares were sold by Bojdak Robert J, worth $279,350. The insider Gold Richard S sold $939,116. The insider GEISEL GARY N sold $178,334. On Monday, January 22 Warman D Scott N sold $4.15 million worth of M&T Bank Corporation (NYSE:MTB) or 22,083 shares.

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. The company was maintained on Wednesday, December 20 by Wells Fargo. Sandler O’Neill maintained M&T Bank Corporation (NYSE:MTB) rating on Thursday, January 18. Sandler O’Neill has “Hold” rating and $192.0 target. On Thursday, January 18 the stock rating was maintained by Robert W. Baird with “Sell”. The company was maintained on Monday, April 16 by Piper Jaffray. Jefferies maintained the shares of MTB in report on Monday, January 8 with “Buy” rating. Keefe Bruyette & Woods maintained the shares of MTB in report on Thursday, December 21 with “Hold” rating. On Monday, February 26 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of M&T Bank Corporation (NYSE:MTB) has “Hold” rating given on Wednesday, April 4 by Keefe Bruyette & Woods. Piper Jaffray maintained it with “Hold” rating and $18600 target in Friday, April 6 report. The rating was maintained by Piper Jaffray on Thursday, January 18 with “Hold”.

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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