M&T Bank Corp. PT Raised to $126.00 at Keefe, Bruyette & Woods (MTB)
Equities researchers at Keefe, Bruyette & Woods lifted their price target on shares of M&T Bank Corp. (NYSE:MTB) from $124.00 to $126.00 in a research report issued on Friday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 12.42% from the company’s current price.
A number of other firms have also recently commented on MTB. Analysts at BMO Capital Markets cut their price target on shares of M&T Bank Corp. (NYSE:MTB) from $123.00 to $121.00 in a research note to investors on Tuesday, September 10th. They now have a “market perform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of M&T Bank Corp. (NYSE:MTB) from $118.00 to $122.00 in a research note to investors on Friday, September 6th. They now have a “hold” rating on the stock. Fourteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $122.03.
M&T Bank Corp. (NYSE:MTB) traded up 0.04% during mid-day trading on Friday, hitting $112.08. The stock had a trading volume of 836,275 shares. M&T Bank Corp. has a 52-week low of $93.84 and a 52-week high of $119.54. The stock’s 50-day moving average is $114.6 and its 200-day moving average is $108.. The company has a market cap of $14.575 billion and a price-to-earnings ratio of 12.64.
M&T Bank Corp. (NYSE:MTB) last released its earnings data on Wednesday, July 17th. The company reported $2.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.11 by $0.44. During the same quarter last year, the company posted $1.71 earnings per share. Analysts expect that M&T Bank Corp. will post $8.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, August 29th.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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