$3.61 EPS Expected for M&T Bank Co. (NYSE:MTB) This Quarter

Analysts predict that M&T Bank Co. (NYSE:MTB) will report earnings of $3.61 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for M&T Bank’s earnings, with estimates ranging from $3.48 to $3.81. M&T Bank posted earnings per share of $3.56 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The company is expected to issue its next quarterly earnings report on Wednesday, October 16th.

According to Zacks, analysts expect that M&T Bank will report full year earnings of $13.89 per share for the current year, with EPS estimates ranging from $13.63 to $14.33. For the next financial year, analysts forecast that the firm will post earnings of $14.25 per share, with EPS estimates ranging from $13.75 to $14.90. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for M&T Bank.

M&T Bank (NYSE:MTB) last released its earnings results on Thursday, July 18th. The financial services provider reported $3.34 EPS for the quarter, missing the Zacks’ consensus estimate of $3.70 by ($0.36). M&T Bank had a return on equity of 14.26% and a net margin of 29.81%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the firm earned $3.26 EPS.

MTB has been the subject of a number of analyst reports. Citigroup set a $155.00 price target on M&T Bank and gave the company a “sell” rating in a report on Friday, July 19th. Zacks Investment Research downgraded M&T Bank from a “buy” rating to a “hold” rating and set a $179.00 price target for the company. in a report on Monday, July 1st. UBS Group decreased their price target on M&T Bank from $176.00 to $172.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Keefe, Bruyette & Woods decreased their price target on M&T Bank from $189.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, July 19th. Finally, Barclays decreased their price target on M&T Bank from $217.00 to $206.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. M&T Bank currently has an average rating of “Hold” and an average price target of $176.77.

NYSE:MTB traded up $1.86 during trading hours on Friday, reaching $157.62. The company had a trading volume of 1,038,097 shares, compared to its average volume of 758,229. M&T Bank has a 1-year low of $133.78 and a 1-year high of $180.77. The company has a market capitalization of $21.53 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 2.30 and a beta of 1.05. The stock has a 50 day moving average price of $167.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.01.

In other news, CFO Darren J. King sold 1,841 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $162.95, for a total value of $299,990.95. Following the completion of the sale, the chief financial officer now directly owns 46,263 shares in the company, valued at $7,538,555.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Doris P. Meister sold 460 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $160.29, for a total value of $73,733.40. Following the completion of the sale, the insider now owns 1,553 shares of the company’s stock, valued at $248,930.37. The disclosure for this sale can be found here. Insiders sold 3,939 shares of company stock valued at $652,233 over the last 90 days. Company insiders own 0.54% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Eagle Ridge Investment Management grew its holdings in M&T Bank by 1.5% in the 2nd quarter. Eagle Ridge Investment Management now owns 45,936 shares of the financial services provider’s stock valued at $7,812,000 after buying an additional 682 shares in the last quarter. Anchor Capital Advisors LLC grew its holdings in M&T Bank by 5.7% in the 2nd quarter. Anchor Capital Advisors LLC now owns 262,571 shares of the financial services provider’s stock valued at $44,655,000 after buying an additional 14,097 shares in the last quarter. Advisory Services Network LLC grew its holdings in M&T Bank by 2.3% in the 2nd quarter. Advisory Services Network LLC now owns 4,591 shares of the financial services provider’s stock valued at $781,000 after buying an additional 102 shares in the last quarter. Coastal Investment Advisors Inc. grew its holdings in M&T Bank by 56.2% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 553 shares of the financial services provider’s stock valued at $94,000 after buying an additional 199 shares in the last quarter. Finally, Tdam USA Inc. grew its holdings in M&T Bank by 3.6% in the 2nd quarter. Tdam USA Inc. now owns 53,056 shares of the financial services provider’s stock valued at $9,023,000 after buying an additional 1,831 shares in the last quarter. Institutional investors and hedge funds own 81.51% of the company’s stock.

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 banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

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

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