M&T Bank Corporation (NYSE:MTB) last announced its quarterly earnings results on Wednesday, July 19th. The fund owned 52,585 shares of the bank's stock after buying an additional 10,432 shares during the quarter. Midwest Investment Management LLC downsized its holdings by shedding 902 shares a decrease of 9.0%. Mosaic Family Wealth LLC now owns 1,225 shares of the bank's stock worth $198,000 after acquiring an additional 62 shares during the last quarter. NY lifted its holdings in shares of M&T Bank Corporation by 0.3% in the 2nd quarter. The bank reported $2.21 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $2.40 by ($0.19). Massachusetts Financial Services Co. The value of the investment in M&T Bank Corporation went from $4,784,000 to $4,468,000 decreasing 6.6% quarter over quarter. Looking back over the last month, shares have performed 9.49%. Global X Management Co. The legal version of this piece can be accessed at https://stocknewstimes.com/2017/10/18/mt-bank-corporation-mtb-stake-lowered-by-sentry-investment-management-llc.html. BlackRock Inc. now owns 10,159,175 shares of the bank's stock worth $1,571,928,000 after purchasing an additional 9,829,252 shares during the period.
M&T Bank Corporation's ROA is now valued at 1.10% * with a ROI value of 10.20% *.
Traders are more bullish on M&T Bank Corporation if you look at the fall in short interest.
As the earnings date approaches, we can see that insider ownership is now 1.70% shares, and institutional ownership is at 80.90% for M&T Bank Corporation (NYSE:MTB) stock.
It is trading at $163.21 marginally over the 50 day moving average which is $154.34 and a tad above the 200 day moving average of $157.76. The stock has a market cap of $24.44 billion, a price-to-earnings ratio of 18.83 and a beta of 0.78. Over the same time span, the stock marked US$173.72 as its best level and the lowest price reached was US$113.42. Maxim Group initiated it with "Buy" rating and $3 target in Wednesday, October 19 report. FBR Capital maintained M&T Bank Corporation (NYSE:MTB) rating on Tuesday, October 20. During the same period in the prior year, the business earned $2.10 EPS. BidaskClub cut M&T Bank Corporation from a "hold" rating to a "sell" rating in a research note on Monday, July 31st. This buyback authorization permits the bank to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its shares are undervalued. The company also recently declared a dividend which was paid on Friday the 29th of September 2017. With 178,000 avg volume, 0 days are for Ipass Incorporated (NASDAQ:IPAS)'s short sellers to cover IPAS's short positions. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.45. The ex-dividend date was Wednesday, August 30th.
09/28/2017 - M&T Bank Corporation had its "neutral" rating reiterated by analysts at Instinet. MTB is covered by 11 analysts who by consensus are expecting earnings to increase from today's level of $8.571 to $11.505 over the next couple of years.
08/04/2017 - M&T Bank Corporation was downgraded to "underperform" by analysts at Macquarie.
04/17/2017 - M&T Bank Corporation had its "hold" rating reiterated by analysts at Sandler O'Neill. Finally, Nomura boosted their target price on M&T Bank Corporation from $144.00 to $145.00 and gave the stock a "neutral" rating in a research report on Thursday, September 28th.
Among 23 analysts covering M&T Bank (NYSE:MTB), 4 have Buy rating, 4 Sell and 15 Hold. The company now has a consensus rating of "Hold" and an average price target of $160.21. Also, insider Sabeth Siddique sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $147.17, for a total transaction of $139,811.50. It also reduced Amphenol Corp New (NYSE:APH) stake by 1.85M shares and now owns 1.62 million shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. As of quarter end Cigna Investments Inc /new had sold a total of 72 shares trimming its holdings by 1.2%. The disclosure for this sale can be found here. The shares were sold at an average price of $162.71, for a total transaction of $1,123,349.84. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and global copyright legislation.
M&T Bank Corporation (M&T) is a bank holding company.