$3.15 EPS Expected for M&T Bank Corporation (MTB)

June 21, 2018 - By Robert Sims

M&T Bank Corporation (NYSE:MTB) LogoInvestors sentiment increased to 1.02 in Q1 2018. Its up 0.21, from 0.81 in 2017Q4. It is positive, as 32 investors sold M&T Bank Corporation shares while 180 reduced holdings. 70 funds opened positions while 146 raised stakes. 110.68 million shares or 1.25% less from 112.08 million shares in 2017Q4 were reported.
Bluecrest Mgmt Limited, Guernsey-based fund reported 5,766 shares. Magnetar stated it has 0.02% of its portfolio in M&T Bank Corporation (NYSE:MTB). Northstar Asset Management Limited Company reported 1,106 shares or 0.09% of all its holdings. Dimensional Fund Advsr Ltd Partnership owns 708,348 shares. Australia-based Westpac Banking has invested 0% in M&T Bank Corporation (NYSE:MTB). Trexquant Investment Lp holds 21,826 shares or 0.28% of its portfolio. Conning reported 0.02% stake. Qs Invsts Ltd Liability Com invested 0% in M&T Bank Corporation (NYSE:MTB). 6,824 were reported by First United Fincl Bank Trust. Connors Investor Inc accumulated 59,345 shares. Td Asset has 0.02% invested in M&T Bank Corporation (NYSE:MTB) for 63,551 shares. Eqis Mngmt Incorporated has invested 0.04% in M&T Bank Corporation (NYSE:MTB). Bb&T owns 20,184 shares for 0.07% of their portfolio. Bnp Paribas Asset Management Holdg reported 15,226 shares. Barclays Public Ltd Co holds 0.04% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 257,121 shares.

Since January 22, 2018, it had 0 insider buys, and 11 insider sales for $14.05 million activity. Trolli Michele D sold $1.12 million worth of M&T Bank Corporation (NYSE:MTB) on Tuesday, January 23. Gold Richard S sold $939,116 worth of stock. 22,083 M&T Bank Corporation (NYSE:MTB) shares with value of $4.15 million were sold by Warman D Scott N. 31,511 M&T Bank Corporation (NYSE:MTB) shares with value of $5.92M were sold by SALAMONE DENIS J. 975 shares were sold by Siddique Sabeth, worth $177,957 on Thursday, April 26. Todaro Michael J. sold $126,712 worth of stock.

Analysts expect M&T Bank Corporation (NYSE:MTB) to report $3.15 EPS on July, 18.They anticipate $0.77 EPS change or 32.35 % from last quarter’s $2.38 EPS. MTB’s profit would be $457.49 million giving it 13.82 P/E if the $3.15 EPS is correct. After having $2.94 EPS previously, M&T Bank Corporation’s analysts see 7.14 % EPS growth. The stock decreased 0.17% or $0.3 during the last trading session, reaching $174.07. About 876,137 shares traded or 13.44% up from the average. M&T Bank Corporation (NYSE:MTB) has risen 11.09% since June 21, 2017 and is uptrending. It has underperformed by 1.48% the S&P500.

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

Among 11 analysts covering M&T Bank (NYSE:MTB), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. M&T Bank had 21 analyst reports since December 21, 2017 according to SRatingsIntel. The firm has “Hold” rating given on Monday, February 26 by Keefe Bruyette & Woods. The firm has “Hold” rating by Wedbush given on Tuesday, February 6. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, April 4. The stock of M&T Bank Corporation (NYSE:MTB) earned “Hold” rating by Sandler O’Neill on Thursday, January 18. Wedbush maintained the stock with “Neutral” rating in Tuesday, April 17 report. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, April 18 report. As per Monday, February 5, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. Jefferies maintained the stock with “Buy” rating in Monday, April 16 report. As per Thursday, January 18, the company rating was maintained by Robert W. Baird.

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 $25.28 billion. The companyÂ’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. It has a 19.74 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.

M&T Bank Corporation (NYSE:MTB) Institutional Positions Chart

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