Barclays downgrades M&T Bank (NYSE:MTB) stock.

According to The Fly, research analysts at Barclays lowered their rating for M&T Bank (NYSE: MTB) in a note delivered to clients and investors on Tuesday. The note stated that the analysts moved their rating from “overweight” to “equal weight.”
In addition to these analysts, several other analysts have also issued MTB reports. The price target that Morgan Stanley has set for M&T Bank shares has decreased from $235.00 to $225.00, as stated in a research note published on Thursday, December 15. Despite this modification, the company continues to maintain an “overweight” rating on the stock. Wells Fargo & Company announced in a research report that was published on Thursday, December 8, that they would be lowering their price objective on M&T Bank shares from $175.00 to $165.00 and that they would be assigning the stock an “equal weight” rating. The report was about the company’s plans for M&T Bank shares. Piper Sandler lowered their price target on shares of M&T Bank from $210.00 down to $195.00 while maintaining an “overweight” rating on the stock in a research note published on Thursday, October 20. Wedbush lowered their price objective on M&T Bank shares from $187.00 to $170.00 and assigned the stock a “neutral” rating in a research report on the stock that was published on Thursday, October 20.
Last but not least, on December 6, Keefe, Bruyette & Woods announced that they were changing their rating for M&T Bank from “outperform” to “market perform” and lowering their price objective for the company from $215.00 to $180.00. Seven analysts have suggested that investors purchase company shares; eight have suggested that investors maintain their current holdings; and a single analyst has suggested that investors sell their shares. The information that Bloomberg provided indicates that the market has given the company a recommendation of “Hold” and has set a target price for the company’s stock of $192.80.
MTB stock began trading on Tuesday at a price per share of 145.06 dollars. According to the fifty-day simple moving average of $159.23 and the 200-day simple moving average of $169.83, the company’s price is currently trading at $169.83. 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. The company has a price-to-earnings ratio of 13.68, a price-to-earnings-to-growth ratio of 0.95, and a beta value of 0.83. The company’s total value, as measured by its market capitalization, is $25.04 billion. 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 most recent quarterly results report for M&T Bank, traded on the NYSE under the ticker symbol MTB, was presented on October 19, a Wednesday. The financial services company reported $3.83 per share earnings for the previous quarter, which is $0.38 less than the consensus projection 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. It was predicted that the company would have sales of $2.29 billion for the quarter, but instead, they came in at $2.24 billion, which is a significant decrease from the prediction. Compared to the previous year’s results for the same period, the company generated $3.76 per share earnings. Equity research professionals anticipate that M&T Bank will generate profits of 14.37 cents per share in the current financial year, which will end on March 31.
Several hedge funds and institutional investors in MTB have adjusted their previous positions in the company over the most recent few months. During the first three months of 2018, Vanguard Group Inc. increased the number of shares of M&T Bank stock that it owned, bringing the total to a percentage that was 2.2% higher. After acquiring 316,266 shares during the most recent quarter, Vanguard Group Inc. now owns a total of 14,607,431 shares of the financial services provider’s stock, which have a value of $2,475,959,000. This brings the total number of shares the company has in its possession to 14,607,431. The State Street Corporation increased its ownership stake in M&T Bank by 20.4% during the second quarter of the fiscal year. The financial services provider’s stock is now owned by State Street Corp. in its entirety to the tune of 8,629,986 shares, following the acquisition of an additional 1,460,870 shares during the most recent period. The value of these shares on the market as of right now is $1,375,533,000 in total. Within the first three months of 2018, Wellington Management Group LLP achieved a 9.9% increase in the proportion of M&T Bank stock it owned. As a result of purchasing an additional 777,422 shares of the financial services provider during the most recent fiscal period, Wellington Management Group LLP now has a total of 8,612,467 shares of the company. The value of these shares on the market as of right now is $1,459,815,000. During the second quarter, FMR LLC achieved a 0.9% increase in the proportion of M&T Bank stock it owned. FMR LLC now has a total of 8,101,997 stock held by the financial services provider after the acquisition of an additional 70,753 shares during the most recent quarter. The stock has a combined value of $1,291,378,000 due to the combined total of FMR LLC’s holdings. Capital World Investors is estimated to have acquired a new position in M&T Bank during the first three months of the year, valued at approximately $982,517,000. Institutional investors, including hedge funds and other types of institutional investors, currently own 84.10 percent of the company’s shares.
The retail and commercial banking sectors are catered to by the M&T Bank Corporation, which operates as a holding company for other banking institutions. 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.


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