According to Bloomberg.com, the seventeen analysts following M&T Bank Co. (NYSE: MTB) currently have the stock rated with an average of “Hold” as their recommendation for the company’s stock. In addition, seven financial analysts have given the company a buy rating, eight have recommended that investors hold onto their shares, and one has suggested that shareholders sell their shares. According to the price target agreed upon by most brokerage firms that have covered the stock in the preceding year, the stock is anticipated to close at $192.80 per share.
MTB has, in recent times, attracted the attention and commentary of various research firms. Barclays published a research report on M&T Bank on October 20. The report was based on research conducted by M&T Bank. Following the completion of the study, the company was given an “overweight” rating, and the price target was reduced from $238.00 to $225.00. The rating for M&T Bank was raised from “c+” to “b-” due to a study by TheStreet on Tuesday, September 27. Wedbush decreased its price target on M&T Bank shares from $187.00 to $170.00 and assigned the company a “neutral” rating in a research note published on Thursday, October 20. In a research report published on Tuesday, December 6, Keefe, Bruyette & Woods lowered their price target on M&T Bank from $215.00 to $180.00 and downgraded the company from “outperform” to “market perform.” Deutsche Bank Aktiengesellschaft raised their price objective for M&T Bank shares from $200.00 to $255.00 and recommended that investors “buy” the stock in a research note published on September 12. The note also stated that investors should “buy” the stock. The report contains this information as part of its entirety.
Hedge funds have recently altered how they keep their positions in the company to better suit their needs. During the second quarter, Washington Trust Co. increased the amount of M&T Bank stock owned by 77.4%, bringing its total ownership percentage to 100%. After making an additional purchase of 82 shares during the period in question, Washington Trust Co. now has 188 shares of stock in the company that provides financial services; these 188 shares are currently worth $30,000 in the market. SRS Capital Advisors Inc. increased the amount of M&T Bank stock owned by 712.5% over the year’s second quarter. Following the purchase of 171 additional shares during the relevant period, SRS Capital Advisors Inc. now holds a total of 195 shares of the financial services provider’s stock, which have an aggregate value of $31,000. During the second quarter, TCI Wealth Advisors Inc. initiated a 1,523.1% increase in the proportion of M&T Bank stock that it owns. Following the acquisition of 198 additional shares during the most recent quarter, TCI Wealth Advisors Inc. now possesses a total of 211 shares of the financial services provider’s stock, valued at $34,000. The company purchased these shares. In the first quarter of 2018, Quent Capital LLC successfully increased the percentage of M&T Bank, in which it holds an ownership stake, by 548.5%. Quent Capital LLC now has a total of 214 shares, with a market capitalization of $36,000. This is the result of new purchases made during the reporting period that brought the total number of shares held by the company to 181. And finally, but certainly not least, during the third quarter, Ronald Blue Trust Inc. increased the amount of M&T Bank stock that it owns by 148.9%, making it the company with the largest percentage ownership. After purchasing an additional 131 of the company’s shares during the most recent fiscal quarter, Ronald Blue Trust Inc. now has a total of 219 shares of the financial services provider’s stock with a price tag of $35,000.00. This brings the company’s total number of shares to r, in which they keep their positions in the company to better suit their needs. During the second quarter, Washington Trust Co. increased the amount of M&T Bank stock owned by 77.4%, bringing its total ownership percentage to 100%. After making an additional purchase of 82 shares during the period in question, Washington Trust Co. now has 188 shares of stock in the company that provides financial services; these 188 shares are currently worth $30,000 in the market. SRS Capital Advisors Inc. increased the amount of M&T Bank stock owned by 712.5% over the year’s second quarter. Following the purchase of 171 additional shares during the relevant period, SRS Capital Advisors Inc. now holds a total of 195 shares of the financial services provider’s stock, which have an aggregate value of $31,000. During the second quarter, TCI Wealth Advisors Inc. initiated a 1,523.1% increase in the proportion of M&T Bank stock that it owns. Following the acquisition of 198 additional shares during the most recent quarter, TCI Wealth Advisors Inc. now possesses a total of 211 shares of the financial services provider’s stock, valued at $34,000. The company purchased these shares. In the first quarter of 2018, Quent Capital LLC successfully increased the percentage of M&T Bank, in which it holds an ownership stake, by 548.5%. Quent Capital LLC now has a total of 214 shares, with a market capitalization of $36,000. This is the result of new purchases made during the reporting period that brought the total number of shares held by the company to 181. And finally, but certainly not least, during the third quarter, Ronald Blue Trust Inc. increased the amount of M&T Bank stock that it owns by 148.9%, making it the company with the largest percentage ownership. After purchasing an additional 131 of the company’s shares during the most recent fiscal quarter, Ronald Blue Trust Inc. now has a total of 219 shares of the financial services provider’s stock with a price tag of $35,000.00. This brings the company’s total number of shares to 219; institutional investors hold the ownership of the company’s stock to the extent of 84.10 percent.
On Friday, the price of a share of MTB stock was set at $145.06 when trading began. The average price of the company’s stock calculated using the simple moving average over the past 50 days is $159.59. This method’s average price calculated over the last 200 days is $169.88. During the previous calendar year, the price of M&T Bank ranged from a low of $138.43 to a high of $193.42. The company possesses a PE ratio of 13.68, a PEG ratio of 0.94, and a beta coefficient of 0.79, all of which contribute to its market capitalization of $25.04 billion. 0.96 is the value reached when the current ratio, the quick ratio, and the debt-to-equity ratio are all added up. The ratio of debt to equity is currently 0.15.
On October 19 of this year, M&T Bank, which is publicly traded and whose stock is denoted by the ticker symbol NYSE: MTB, released the most recent earnings report for the company. The financial services company’s quarterly earnings per share came in at $3.83, which is $0.38 less than the consensus prediction of $4.21 per share made by market analysts. M&T Bank had a return on equity of 10.74% and a net margin of 22.80% for the company overall. The analysts’ estimates for the company’s quarterly sales ranged from $2.29 billion to $2.24 billion. This range was provided for reference purposes only. The company had earnings of $3.76 per share during the corresponding quarter of the prior year. During the current fiscal year, M&T Bank is expected to generate earnings of 14.37 cents per share, as stated by the projections made by financial industry professionals.
In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30. This dividend was just recently declared and distributed. Investors who were on record as owning their shares received a dividend payment of $1.20 per share on December 1. This payment was made to investors who were on record owning their shares. This translates into a yield of 3.31% and a dividend payment of $4.80 yearly for the shareholder. This dividend had an ex-dividend date of November 30, a Wednesday, and the day after Thanksgiving. At this time, M&T Bank has a dividend payout ratio of 45.28 percent.
M&T Bank Corporation is a financial holding company that offers retail banking services in addition to banking services for businesses. The business banking division of the company can offer a wide range of financial services to professionals and small businesses. These services can include cash management, deposits, loans, and other options. This financial institution’s Commercial Banking division caters to large and middle-market businesses by providing cash management services, letters of credit, deposit products, commercial loans and leasing, and commercial leasing. Additionally, the Commercial Banking division offers commercial leasing.