EPS for M&T Bank Corporation (MTB) Expected At $2.40

September 17, 2017 - By Winifred Garcia

 EPS for M&T Bank Corporation (MTB) Expected At $2.40
Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.29, from 1.17 in 2016Q3. It dropped, as 32 investors sold M&T Bank Corporation shares while 200 reduced holdings. 70 funds opened positions while 135 raised stakes. 123.12 million shares or 4.03% more from 118.36 million shares in 2016Q3 were reported.
Ameriprise Finance has invested 0.07% in M&T Bank Corporation (NYSE:MTB). Tci Wealth Advisors Incorporated has invested 0.01% of its portfolio in M&T Bank Corporation (NYSE:MTB). Ameritas Prtn invested in 0.03% or 3,748 shares. Df Dent And holds 0.02% or 4,164 shares in its portfolio. Ontario Teachers Pension Plan Board invested in 45,500 shares or 0.07% of the stock. Voya Inv Ltd Liability Corporation holds 0.03% or 86,979 shares in its portfolio. Welch Forbes Limited Co has invested 0.02% in M&T Bank Corporation (NYSE:MTB). Royal Bancorp Of Canada holds 0.02% or 244,086 shares. Lvw Advisors Lc holds 0.18% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 3,273 shares. Aqr Capital Limited holds 273,810 shares or 0.06% of its portfolio. Lazard Asset Mngmt Limited Liability Co reported 243,160 shares. Mai Management invested in 2,117 shares or 0.02% of the stock. Mason Street Advsr Ltd Company holds 0.09% or 21,210 shares in its portfolio. Sumitomo Mitsui Asset Mngmt Comm holds 0.29% in M&T Bank Corporation (NYSE:MTB) or 95,846 shares. Vontobel Asset Mgmt Inc holds 1.76% or 1.24M shares in its portfolio.

Since May 23, 2017, it had 0 insider purchases, and 4 sales for $3.33 million activity. 6,904 shares valued at $1.12 million were sold by Gold Richard S on Friday, June 9. Coletti Janet M. sold $1.72 million worth of stock or 10,577 shares. HICKEY BRIAN E also sold $324,042 worth of M&T Bank Corporation (NYSE:MTB) on Tuesday, May 23.

Wall Street await M&T Bank Corporation (NYSE:MTB) to release earnings on October, 18. Analysts forecast EPS of $2.40, up exactly $0.27 or 12.68 % from 2014’s $2.13 EPS. The expected MTB’s profit could reach $364.66M giving the stock 15.62 P/E in the case that $2.40 earnings per share is reported. After posting $2.38 EPS for the previous quarter, M&T Bank Corporation’s analysts now forecast 0.84 % EPS growth. The stock increased 0.05% or $0.07 on September 15, reaching $149.99. About 1.57M shares traded or 127.78% up from the average. M&T Bank Corporation (NYSE:MTB) has risen 35.81% since September 17, 2016 and is uptrending. It has outperformed by 19.11% the S&P500.

M&T Bank Corporation (NYSE:MTB) Ratings Coverage

Among 22 analysts covering M&T Bank (NYSE:MTB), 4 have Buy rating, 4 Sell and 14 Hold. Therefore 18% are positive. M&T Bank had 58 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Thursday, April 21 by Robert W. Baird. The rating was initiated by Argus Research on Tuesday, March 29 with “Hold”. As per Wednesday, July 19, the company rating was maintained by Keefe Bruyette & Woods. The stock of M&T Bank Corporation (NYSE:MTB) earned “Hold” rating by Wood on Friday, March 24. FBR Capital maintained M&T Bank Corporation (NYSE:MTB) on Tuesday, October 20 with “Mkt Perform” rating. Piper Jaffray initiated the stock with “Neutral” rating in Wednesday, March 30 report. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, October 20 report. Wedbush maintained M&T Bank Corporation (NYSE:MTB) on Wednesday, November 30 with “Neutral” rating. The firm has “Sell” rating given on Tuesday, September 5 by Robert W. Baird. Deutsche Bank maintained the stock with “Buy” rating in Friday, October 9 report.

M&T Bank Corporation is a bank holding company. The company has market cap of $22.79 billion. 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.). It has a 17.51 P/E ratio. The Company, along with its subsidiaries, offers a range of retail and commercial banking, trust and wealth management, and investment services.

More notable recent M&T Bank Corporation (NYSE:MTB) news were published by: Nasdaq.com which released: “Why Hold Strategy is Ideal for M&T Bank (MTB) Stock Now” on September 05, 2017, also Prnewswire.com with their article: “M&T Bank Names Laura P. O’Hara as Senior Vice President and General Counsel” published on August 21, 2017, Prnewswire.com published: “M&T Bank to Anchor New Tower at 1 Light Street in Baltimore” on September 07, 2017. More interesting news about M&T Bank Corporation (NYSE:MTB) were released by: Nasdaq.com and their article: “M&T Bank (MTB) Down 4% Since Earnings Report: Can It Rebound?” published on August 22, 2017 as well as Nasdaq.com‘s news article titled: “M&T Bank Corporation (MTB) Ex-Dividend Date Scheduled for August 30, 2017” with publication date: August 29, 2017.

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