Analysts expect M&T Bank Corporation (NYSE:MTB) to announce sales of $1.42 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for M&T Bank’s earnings. The lowest sales estimate is $1.41 billion and the highest is $1.42 billion. M&T Bank reported sales of $1.34 billion during the same quarter last year, which indicates a positive year over year growth rate of 6%. The company is scheduled to report its next earnings report on Thursday, January 18th.

According to Zacks, analysts expect that M&T Bank will report full-year sales of $1.42 billion for the current fiscal year, with estimates ranging from $5.58 billion to $5.63 billion. For the next fiscal year, analysts anticipate that the business will post sales of $5.79 billion per share, with estimates ranging from $5.73 billion to $5.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow M&T Bank.

M&T Bank (NYSE:MTB) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). M&T Bank had a net margin of 23.97% and a return on equity of 9.52%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share.

MTB has been the subject of several recent analyst reports. Wells Fargo & Company initiated coverage on M&T Bank in a research note on Wednesday, August 9th. They set a “market perform” rating and a $170.00 price objective for the company. ValuEngine upgraded M&T Bank from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reiterated a “buy” rating and set a $168.00 price objective on shares of M&T Bank in a research note on Friday, August 18th. BidaskClub lowered M&T Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price objective (down from $171.00) on shares of M&T Bank in a research note on Saturday, September 16th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. M&T Bank currently has an average rating of “Hold” and a consensus target price of $162.56.

M&T Bank (NYSE:MTB) opened at $169.47 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.05 and a current ratio of 1.05. M&T Bank has a 12 month low of $141.12 and a 12 month high of $173.72. The stock has a market capitalization of $25,507.78, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.06 and a beta of 0.84.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, November 30th. M&T Bank’s payout ratio is presently 34.64%.

In other news, insider Randolph Michael Kasum sold 800,000 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $0.08, for a total transaction of $64,000.00. Also, insider Sabeth Siddique sold 950 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $147.17, for a total value of $139,811.50. Following the sale, the insider now owns 1,488 shares in the company, valued at approximately $218,988.96. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 671,000 shares of company stock worth $55,870 and have sold 1,690,680 shares worth $1,903,281. 3.18% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in M&T Bank by 14.0% in the second quarter. Russell Investments Group Ltd. now owns 141,286 shares of the financial services provider’s stock valued at $22,882,000 after acquiring an additional 17,303 shares during the last quarter. NGAM Advisors L.P. boosted its holdings in M&T Bank by 0.4% in the second quarter. NGAM Advisors L.P. now owns 15,523 shares of the financial services provider’s stock valued at $2,514,000 after acquiring an additional 57 shares during the last quarter. Advisor Partners LLC boosted its holdings in M&T Bank by 17.5% in the second quarter. Advisor Partners LLC now owns 2,834 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 422 shares during the last quarter. UMB Bank N A MO bought a new position in M&T Bank in the second quarter valued at about $260,000. Finally, Dupont Capital Management Corp bought a new position in M&T Bank in the second quarter valued at about $140,000. Institutional investors own 79.29% of the company’s stock.

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About M&T Bank

M&T Bank Corporation (M&T) is a bank holding company. 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.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

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Earnings History and Estimates for M&T Bank (NYSE:MTB)

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