M&T Bank Co. (NYSE:MTB) – Investment analysts at Wedbush raised their Q4 2017 earnings per share estimates for M&T Bank in a report issued on Thursday. Wedbush analyst P. Winter now anticipates that the financial services provider will post earnings of $2.42 per share for the quarter, up from their prior estimate of $2.40. Wedbush also issued estimates for M&T Bank’s FY2018 earnings at $11.86 EPS.

Several other research firms have also commented on MTB. Barclays increased their price objective on shares of M&T Bank from $175.00 to $205.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded shares of M&T Bank from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price objective (down previously from $171.00) on shares of M&T Bank in a research report on Saturday, September 16th. Nomura increased their price objective on shares of M&T Bank from $144.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, September 28th. Finally, Wells Fargo & Co set a $180.00 price objective on shares of M&T Bank and gave the company a “hold” rating in a research report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. M&T Bank has an average rating of “Hold” and an average target price of $170.78.

M&T Bank (MTB) opened at $174.91 on Monday. M&T Bank has a 12-month low of $141.12 and a 12-month high of $176.71. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $26,330.00, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.85 and a beta of 0.84.

M&T Bank (NYSE:MTB) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $2.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by ($0.19). M&T Bank had a net margin of 23.97% and a return on equity of 9.52%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the business posted $2.10 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC lifted its holdings in M&T Bank by 1.3% during the 4th quarter. Confluence Investment Management LLC now owns 99,170 shares of the financial services provider’s stock valued at $16,957,000 after buying an additional 1,260 shares in the last quarter. Renaissance Investment Group LLC increased its position in M&T Bank by 10.6% during the 4th quarter. Renaissance Investment Group LLC now owns 19,175 shares of the financial services provider’s stock valued at $3,279,000 after purchasing an additional 1,840 shares during the period. Parametric Portfolio Associates LLC increased its position in M&T Bank by 2.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 279,187 shares of the financial services provider’s stock valued at $44,960,000 after purchasing an additional 7,568 shares during the period. California Public Employees Retirement System increased its position in M&T Bank by 5.6% during the 3rd quarter. California Public Employees Retirement System now owns 418,997 shares of the financial services provider’s stock valued at $67,475,000 after purchasing an additional 22,223 shares during the period. Finally, Virtu Financial LLC purchased a new position in M&T Bank during the 3rd quarter valued at about $213,000. Institutional investors own 77.73% of the company’s stock.

In related news, Director Robert E. Sadler, Jr. sold 1,000 shares of M&T Bank stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $171.19, for a total transaction of $171,190.00. Following the completion of the sale, the director now owns 52,049 shares in the company, valued at approximately $8,910,268.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Michael R. Spychala sold 13,417 shares of M&T Bank stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $170.92, for a total transaction of $2,293,233.64. Following the sale, the vice president now owns 51,622 shares of the company’s stock, valued at approximately $8,823,232.24. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 176,000 shares of company stock valued at $14,050 and have sold 32,128 shares valued at $5,474,208. Company insiders own 3.18% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 1st were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, November 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.72%. M&T Bank’s payout ratio is 34.56%.

WARNING: “Q4 2017 Earnings Estimate for M&T Bank Co. (MTB) Issued By Wedbush” was reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/q4-2017-earnings-estimate-for-mt-bank-co-mtb-issued-by-wedbush/1801144.html.

About M&T Bank

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.

Receive News & Ratings for M&T Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&T Bank and related companies with MarketBeat.com's FREE daily email newsletter.