M&T Bank Corporation (NYSE:MTB) has received a consensus recommendation of “Hold” from the twenty-three brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $161.56.

A number of equities analysts have recently issued reports on the company. Macquarie downgraded M&T Bank Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, August 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $167.00 target price on shares of M&T Bank Corporation in a research note on Friday, July 21st. Zacks Investment Research raised M&T Bank Corporation from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Tuesday, September 19th. Citigroup Inc. reissued a “neutral” rating and set a $170.00 target price (up from $160.00) on shares of M&T Bank Corporation in a research note on Monday, October 9th. Finally, Instinet reissued a “neutral” rating and set a $144.00 target price on shares of M&T Bank Corporation in a research note on Wednesday, July 12th.

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Shares of M&T Bank Corporation (NYSE MTB) opened at $168.76 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 0.99. The company has a market capitalization of $25,640.04, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85. M&T Bank Corporation has a one year low of $120.31 and a one year high of $173.72.

M&T Bank Corporation (NYSE:MTB) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $2.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by ($0.19). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. M&T Bank Corporation had a net margin of 23.97% and a return on equity of 9.52%. During the same period in the prior year, the company earned $2.10 earnings per share. equities research analysts predict that M&T Bank Corporation will post 9.1 earnings per share for the current year.

In other M&T Bank Corporation news, VP Michele D. Trolli sold 9,730 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $167.89, for a total value of $1,633,569.70. Following the transaction, the vice president now directly owns 24,708 shares of the company’s stock, valued at $4,148,226.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sabeth Siddique sold 950 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $147.17, for a total value of $139,811.50. Following the completion of the transaction, the insider now directly owns 1,488 shares in the company, valued at $218,988.96. The disclosure for this sale can be found here. Insiders sold 11,880 shares of company stock worth $1,969,485 over the last three months. 3.18% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its stake in shares of M&T Bank Corporation by 88.2% during the third quarter. BNP Paribas Arbitrage SA now owns 126,191 shares of the bank’s stock valued at $20,322,000 after acquiring an additional 59,149 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of M&T Bank Corporation by 1.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 40,476 shares of the bank’s stock valued at $6,518,000 after acquiring an additional 482 shares in the last quarter. Cambridge Trust Co. grew its stake in shares of M&T Bank Corporation by 2.4% during the third quarter. Cambridge Trust Co. now owns 93,960 shares of the bank’s stock valued at $15,131,000 after acquiring an additional 2,158 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in shares of M&T Bank Corporation during the third quarter valued at about $206,000. Finally, Canada Pension Plan Investment Board grew its stake in shares of M&T Bank Corporation by 1,012.7% during the third quarter. Canada Pension Plan Investment Board now owns 250,491 shares of the bank’s stock valued at $40,339,000 after acquiring an additional 227,980 shares in the last quarter. Institutional investors own 78.40% of the company’s stock.

About M&T Bank Corporation

M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2016, M&T had two bank subsidiaries: Manufacturers and Traders Trust Company (M&T Bank) and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

Analyst Recommendations for M&T Bank Corporation (NYSE:MTB)

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