M&T Bank Co. (NYSE:MTB) – Equities researchers at Wedbush issued their FY2019 earnings estimates for shares of M&T Bank in a research note issued to investors on Thursday. Wedbush analyst P. Winter anticipates that the financial services provider will post earnings per share of $12.28 for the year.

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

A number of other equities analysts also recently weighed in on MTB. ValuEngine upgraded M&T Bank from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Instinet restated a “neutral” rating and issued a $145.00 target price (up previously from $144.00) on shares of M&T Bank in a research note on Saturday, September 30th. Barclays boosted their target price on M&T Bank from $175.00 to $205.00 and gave the stock an “overweight” rating in a research note on Tuesday. Nomura boosted their target price on M&T Bank from $144.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Finally, Wells Fargo & Co set a $180.00 target price on M&T Bank and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. M&T Bank has a consensus rating of “Hold” and an average target price of $168.18.

Shares of M&T Bank (NYSE:MTB) traded up $0.33 during midday trading on Friday, hitting $173.44. The stock had a trading volume of 628,300 shares, compared to its average volume of 496,700. M&T Bank has a 12-month low of $141.12 and a 12-month high of $176.71. The stock has a market cap of $25,970.00, a P/E ratio of 19.98, a PEG ratio of 1.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.05 and a quick ratio of 1.05.

A number of hedge funds have recently modified their holdings of MTB. Tredje AP fonden raised its holdings in M&T Bank by 29.9% during the 2nd quarter. Tredje AP fonden now owns 17,918 shares of the financial services provider’s stock valued at $2,915,000 after acquiring an additional 4,129 shares during the period. Commonwealth Bank of Australia raised its holdings in M&T Bank by 4.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 2,117 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 99 shares during the period. Eaton Vance Management raised its holdings in M&T Bank by 7.9% during the 2nd quarter. Eaton Vance Management now owns 49,046 shares of the financial services provider’s stock valued at $7,943,000 after acquiring an additional 3,572 shares during the period. HPM Partners LLC bought a new stake in M&T Bank during the 2nd quarter valued at $434,000. Finally, Martingale Asset Management L P raised its holdings in M&T Bank by 33.7% during the 2nd quarter. Martingale Asset Management L P now owns 207,301 shares of the financial services provider’s stock valued at $33,574,000 after acquiring an additional 52,227 shares during the period. 77.71% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Gary N. Geisel sold 1,046 shares of M&T Bank stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $170.49, for a total value of $178,332.54. Following the sale, the director now owns 17,586 shares of the company’s stock, valued at approximately $2,998,237.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sadler, Jr. sold 1,000 shares of M&T Bank stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $171.19, for a total transaction of $171,190.00. Following the completion of the sale, the director now directly owns 52,049 shares in the company, valued at approximately $8,910,268.31. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 216,000 shares of company stock worth $17,250 and sold 32,128 shares worth $5,474,208. Insiders own 3.18% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.73%. M&T Bank’s dividend payout ratio (DPR) is presently 34.56%.

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M&T Bank Company Profile

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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