M&T Bank Corp. Given Average Recommendation of “Hold” by Analysts (NYSE:MTB)
Shares of M&T Bank Corp. (NYSE:MTB) have earned a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the company, American Banking & Market News reports. Thirteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $122.24.
In other M&T Bank Corp. news, EVP Stephen J. Braunscheidel sold 1,985 shares of M&T Bank Corp. stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $110.73, for a total transaction of $219,799.05. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of M&T Bank Corp. (NYSE:MTB) opened at 112.42 on Friday. M&T Bank Corp. has a 1-year low of $95.68 and a 1-year high of $119.54. The stock has a 50-day moving average of $113.7 and a 200-day moving average of $114.1. The company has a market cap of $14.678 billion and a P/E ratio of 13.42.
M&T Bank Corp. (NYSE:MTB) last released its earnings data on Friday, January 17th. The company reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by $0.20. During the same quarter in the previous year, the company posted $2.16 earnings per share. On average, analysts predict that M&T Bank Corp. will post $7.74 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MTB shares. Analysts at Citigroup Inc. raised their price target on shares of M&T Bank Corp. from $112.00 to $120.00 in a research note to investors on Monday. Separately, analysts at Raymond James downgraded shares of M&T Bank Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 21st. They now have a $120.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of M&T Bank Corp. in a research note to investors on Monday, January 20th. They now have a $118.00 price target on the stock.
M&T Bank Corporation (NYSE:MTB) is a bank holding company.
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