$2.70 EPS Expected for M&T Bank Corporation (MTB)

March 14, 2018 - By Linda Rogers

 $2.70 EPS Expected for M&T Bank Corporation (MTB)
Investors sentiment increased to 1.09 in Q3 2017. Its up 0.19, from 0.9 in 2017Q2. It improved, as 28 investors sold M&T Bank Corporation shares while 176 reduced holdings. 63 funds opened positions while 159 raised stakes. 112.44 million shares or 5.48% less from 118.95 million shares in 2017Q2 were reported.
Vanguard Gp Inc holds 0.11% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 14.12M shares. Srb owns 1,141 shares. Glenmede Trust Com Na accumulated 21,742 shares or 0.02% of the stock. San Francisco Sentry Invest Group (Ca) accumulated 49 shares. Ontario Teachers Pension Plan Board reported 0.11% in M&T Bank Corporation (NYSE:MTB). 122,981 are owned by Baillie Gifford And Com. Moreover, Qs Invsts Lc has 0% invested in M&T Bank Corporation (NYSE:MTB). Burney invested in 1,701 shares or 0.02% of the stock. Pnc Fincl Svcs holds 0.03% in M&T Bank Corporation (NYSE:MTB) or 198,862 shares. 2,544 were reported by Wagner Bowman Management Corp. Panagora Asset Mngmt Incorporated reported 0.01% stake. Alpha Windward Llc accumulated 1,419 shares. Renaissance Technology Ltd Co invested in 64,573 shares or 0.01% of the stock. Amalgamated Commercial Bank, New York-based fund reported 16,708 shares. Dean Invest Associates Llc holds 0.11% or 4,580 shares in its portfolio.

Since October 27, 2017, it had 0 buys, and 11 sales for $18.70 million activity. SPYCHALA MICHAEL R also sold $3.49 million worth of M&T Bank Corporation (NYSE:MTB) on Friday, December 8. Shares for $126,712 were sold by Todaro Michael J.. On Friday, October 27 Trolli Michele D sold $1.63 million worth of M&T Bank Corporation (NYSE:MTB) or 9,730 shares. The insider GEISEL GARY N sold 1,046 shares worth $178,334. The insider Warman D Scott N sold $4.15 million. The insider SALAMONE DENIS J sold $5.92M.

Analysts expect M&T Bank Corporation (NYSE:MTB) to report $2.70 EPS on April, 16.They anticipate $0.55 EPS change or 25.58 % from last quarter’s $2.15 EPS. MTB’s profit would be $400.98M giving it 17.88 P/E if the $2.70 EPS is correct. After having $2.66 EPS previously, M&T Bank Corporation’s analysts see 1.50 % EPS growth. The stock decreased 0.95% or $1.86 during the last trading session, reaching $193.05. About 405,967 shares traded. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since March 14, 2017 and is uptrending. It has outperformed by 19.11% the S&P500.

M&T Bank Corporation (NYSE:MTB) Ratings Coverage

Among 26 analysts covering M&T Bank (NYSE:MTB), 5 have Buy rating, 3 Sell and 18 Hold. Therefore 19% are positive. M&T Bank had 86 analyst reports since August 6, 2015 according to SRatingsIntel. FBR Capital maintained it with “Mkt Perform” rating and $120 target in Thursday, October 20 report. The stock of M&T Bank Corporation (NYSE:MTB) earned “Hold” rating by Keefe Bruyette & Woods on Monday, June 19. RBC Capital Markets maintained it with “Buy” rating and $16800 target in Wednesday, June 28 report. The firm earned “Buy” rating on Friday, August 18 by RBC Capital Markets. The stock has “Sell” rating by Robert W. Baird on Thursday, January 18. The stock of M&T Bank Corporation (NYSE:MTB) has “Buy” rating given on Tuesday, July 11 by Jefferies. The firm earned “Neutral” rating on Wednesday, March 30 by Piper Jaffray. Piper Jaffray maintained M&T Bank Corporation (NYSE:MTB) on Wednesday, October 18 with “Hold” rating. As per Monday, October 23, the company rating was maintained by Nomura. JP Morgan initiated the shares of MTB in report on Thursday, January 21 with “Neutral” rating.

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 $28.67 billion. The companyÂ’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. It has a 22.18 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.

More notable recent M&T Bank Corporation (NYSE:MTB) news were published by: Nasdaq.com which released: “M&T Bank Corporation (MTB) Ex-Dividend Date Scheduled for March 02, 2018” on March 01, 2018, also Prnewswire.com with their article: “M&T Bank Corporation to Participate in RBC Capital Markets Financial …” published on February 26, 2018, Nasdaq.com published: “6 Reasons to Include M&T Bank (MTB) in Your Portfolio Now” on March 06, 2018. More interesting news about M&T Bank Corporation (NYSE:MTB) were released by: Streetinsider.com and their article: “M&T Bank Corp. (MTB) Declares $0.75 Quarterly Dividend; $745M Stock Repurchase …” published on February 21, 2018 as well as Prnewswire.com‘s news article titled: “M&T Bank Finances New England’s Largest Solar Array” with publication date: February 28, 2018.

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