November 28, 2016 - By Richard Conner · 0 Comments
M&T Bank Corp (NYSE:MTB) institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.08, from 1.09 in 2016Q1. The ratio is better, as 211 hedge funds increased or opened new positions, while 194 sold and trimmed equity positions in M&T Bank Corp. The hedge funds in our partner’s database reported: 122.63 million shares, down from 126.20 million shares in 2016Q1. Also, the number of hedge funds holding M&T Bank Corp in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 41 Reduced: 153 Increased: 164 New Position: 47.
M&T Bank Corporation is a bank holding company. The company has a market cap of $22.30 billion. The Company, through its subsidiaries, M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.), offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. It has a 19.18 P/E ratio. M&T’s divisions include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking.
The stock increased 0.10% or $0.14 on November 25, hitting $143.71. M&T Bank Corporation (NYSE:MTB) has risen 20.88% since April 25, 2016 and is uptrending. It has outperformed by 14.86% the S&P500.
Analysts await M&T Bank Corporation (NYSE:MTB) to report earnings on January, 17. They expect $2.02 earnings per share, up 22.42% or $0.37 from last year’s $1.65 per share. MTB’s profit will be $313.45M for 17.79 P/E if the $2.02 EPS becomes a reality. After $2.13 actual earnings per share reported by M&T Bank Corporation for the previous quarter, Wall Street now forecasts -5.16% negative EPS growth.
According to Zacks Investment Research, “M&T Bank Corp is a bank holding company. They have two primary bank subsidiaries: Manufacturers and Traders Trust Company and M&T Bank, National Association. The banks collectively offer a wide range of commercial banking, trust and investment services to their customers. From time to time, M&T Bank considers acquiring banks, thrift institutions, branch offices or other businesses within markets currently served or in other nearby markets.”
Speece Thorson Capital Group Inc holds 4.04% of its portfolio in M&T Bank Corporation for 157,425 shares. Nuance Investments Llc owns 265,234 shares or 3.24% of their US portfolio. Moreover, Nexus Investment Management Inc. has 3.07% invested in the company for 136,020 shares. The California-based Skba Capital Management Llc has invested 2.75% in the stock. Lloyds Banking Group Plc, a United Kingdom-based fund reported 2,813 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 35 insider sales for $80.77 million net activity.
Ratings analysis reveals 20% of M&T Bank’s analysts are positive. Out of 20 Wall Street analysts rating M&T Bank, 4 give it “Buy”, 1 “Sell” rating, while 15 recommend “Hold”. The lowest target is $105 while the high is $150. The stock’s average target of $127.15 is -11.52% below today’s ($143.71) share price. MTB was included in 39 notes of analysts from August 6, 2015. The firm has “Buy” rating given on Wednesday, August 12 by Deutsche Bank. The company was maintained on Friday, October 9 by Deutsche Bank. The stock has “Outperform” rating given by Wood on Thursday, October 1. The stock of M&T Bank Corporation (NYSE:MTB) has “Neutral” rating given on Wednesday, October 21 by Citigroup. The company was initiated on Wednesday, March 30 by Piper Jaffray. The stock has “Neutral” rating given by Goldman Sachs on Monday, January 11. The company was maintained on Thursday, October 20 by FBR Capital. On Thursday, April 21 the stock rating was downgraded by Portales to “Sector Perform”. JP Morgan initiated M&T Bank Corporation (NYSE:MTB) on Thursday, January 21 with “Neutral” rating. The stock of M&T Bank Corporation (NYSE:MTB) has “Mkt Perform” rating given on Tuesday, October 20 by FBR Capital.
M&T Bank Corporation (M&T), incorporated on November 6, 1969, is a bank holding company. The Firm has over two bank subsidiaries: M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The banks collectively offers a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T’s divisions include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Firm operates approximately 810 domestic banking offices located in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia, a full-service commercial banking office in Ontario, Canada, and an office in George Town, Cayman Islands. The Firm has consolidated total assets of approximately $122.8 billion, deposits of over $92.0 billion and shareholders’ equity of approximately $16.2 billion.
Another recent and important M&T Bank Corporation (NYSE:MTB) news was published by Prnewswire.com which published an article titled: “M&T Bank Increases Small Business Lending Across its Communities to Become 6th …” on October 31, 2016.
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By Richard Conner