Equities Analysts Offer Predictions for M&T Bank Co.’s Q4 2018 Earnings (MTB)

M&T Bank Co. (NYSE:MTB) – Research analysts at Jefferies Financial Group issued their Q4 2018 EPS estimates for shares of M&T Bank in a note issued to investors on Tuesday, October 9th. Jefferies Financial Group analyst K. Usdin anticipates that the financial services provider will post earnings of $3.52 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $195.00 price objective on the stock. Jefferies Financial Group also issued estimates for M&T Bank’s Q1 2019 earnings at $3.27 EPS.

Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of M&T Bank from a “buy” rating to a “hold” rating in a research note on Wednesday. Vining Sparks reaffirmed a “buy” rating and set a $220.00 price target on shares of M&T Bank in a research report on Tuesday. Evercore ISI raised shares of M&T Bank from an “in-line” rating to an “outperform” rating in a research report on Monday, October 1st. They noted that the move was a valuation call. ValuEngine lowered shares of M&T Bank from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Finally, Goldman Sachs Group raised shares of M&T Bank from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. M&T Bank currently has an average rating of “Hold” and an average target price of $181.08.

MTB opened at $158.52 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58. The stock has a market cap of $23.66 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.89 and a beta of 0.95. M&T Bank has a 52-week low of $155.36 and a 52-week high of $197.37.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, July 18th. The financial services provider reported $3.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.17 by $0.09. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. M&T Bank had a net margin of 24.57% and a return on equity of 11.80%. During the same quarter in the prior year, the business earned $2.35 EPS.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC increased its holdings in M&T Bank by 728.4% in the 1st quarter. Private Capital Group LLC now owns 613 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 539 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in M&T Bank by 8,330.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 843 shares of the financial services provider’s stock worth $143,000 after acquiring an additional 833 shares in the last quarter. NEXT Financial Group Inc purchased a new stake in M&T Bank in the 3rd quarter worth approximately $165,000. Cerebellum GP LLC purchased a new stake in M&T Bank in the 2nd quarter worth approximately $171,000. Finally, Lcnb Corp purchased a new stake in M&T Bank in the 2nd quarter worth approximately $214,000. 81.23% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Denis J. Salamone sold 25,209 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $179.76, for a total transaction of $4,531,569.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.48% of the stock is owned by corporate insiders.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 4th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $4.00 annualized dividend and a dividend yield of 2.52%. This is a positive change from M&T Bank’s previous quarterly dividend of $0.80. M&T Bank’s dividend payout ratio is presently 42.78%.

M&T Bank Company Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide retail and commercial banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals.

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

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