M&T Bank Corporation (MTB) Given a $160.00 Price Target at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods set a $160.00 price objective on M&T Bank Corporation (NYSE:MTB) in a research report report published on Monday morning. The firm currently has a hold rating on the bank’s stock.

Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered M&T Bank Corporation from a buy rating to a hold rating in a report on Monday. BidaskClub upgraded M&T Bank Corporation from a sell rating to a hold rating in a research report on Thursday, June 15th. Morgan Stanley restated an equal weight rating and set a $152.00 price objective on shares of M&T Bank Corporation in a research report on Tuesday, June 6th. ValuEngine upgraded M&T Bank Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada restated a buy rating and set a $168.00 price objective on shares of M&T Bank Corporation in a research report on Thursday, May 18th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $154.27.

Shares of M&T Bank Corporation (NYSE:MTB) traded down 0.26% on Monday, hitting $162.23. 87,478 shares of the stock traded hands. M&T Bank Corporation has a 12-month low of $108.04 and a 12-month high of $173.72. The firm’s 50-day moving average is $159.37 and its 200 day moving average is $158.86. The firm has a market cap of $24.96 billion, a P/E ratio of 19.86 and a beta of 0.76.

M&T Bank Corporation (NYSE:MTB) last issued its quarterly earnings data on Monday, April 17th. The bank reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.18. M&T Bank Corporation had a net margin of 23.62% and a return on equity of 9.22%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the business earned $1.87 earnings per share. Equities research analysts forecast that M&T Bank Corporation will post $9.13 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/2655666/mt-bank-corporation-mtb-given-a-160-00-price-target-at-keefe-bruyette-woods.html.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Tuesday, May 30th. M&T Bank Corporation’s dividend payout ratio (DPR) is presently 36.67%.

In other news, insider Brian E. Hickey sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $162.02, for a total transaction of $324,040.00. Following the transaction, the insider now owns 12,169 shares of the company’s stock, valued at $1,971,621.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard S. Gold sold 6,904 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $162.71, for a total value of $1,123,349.84. Following the transaction, the insider now directly owns 39,326 shares in the company, valued at approximately $6,398,733.46. The disclosure for this sale can be found here. Corporate insiders own 3.18% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of M&T Bank Corporation by 2,979.3% in the first quarter. BlackRock Inc. now owns 10,159,175 shares of the bank’s stock valued at $1,571,928,000 after buying an additional 9,829,252 shares during the period. Norges Bank purchased a new position in shares of M&T Bank Corporation during the fourth quarter valued at about $130,002,000. Epoch Investment Partners Inc. raised its position in shares of M&T Bank Corporation by 1,732.6% in the first quarter. Epoch Investment Partners Inc. now owns 315,603 shares of the bank’s stock valued at $48,833,000 after buying an additional 298,381 shares during the period. Janus Capital Management LLC raised its position in shares of M&T Bank Corporation by 404.8% in the first quarter. Janus Capital Management LLC now owns 330,203 shares of the bank’s stock valued at $51,092,000 after buying an additional 264,789 shares during the period. Finally, First Trust Advisors LP raised its position in shares of M&T Bank Corporation by 231.3% in the first quarter. First Trust Advisors LP now owns 313,489 shares of the bank’s stock valued at $48,506,000 after buying an additional 218,855 shares during the period. 79.24% of the stock is currently owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MTB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.