M&T Bank Co. (MTB) Forecasted to Earn Q1 2020 Earnings of $3.56 Per Share

M&T Bank Co. (NYSE:MTB) – Wedbush issued their Q1 2020 earnings estimates for shares of M&T Bank in a report released on Tuesday, April 16th. Wedbush analyst P. Winter anticipates that the financial services provider will post earnings of $3.56 per share for the quarter. Wedbush has a “Neutral” rating and a $155.00 price objective on the stock. Wedbush also issued estimates for M&T Bank’s Q2 2020 earnings at $3.93 EPS, Q3 2020 earnings at $3.99 EPS and Q4 2020 earnings at $4.13 EPS.

Other research analysts have also recently issued research reports about the stock. Barclays restated a “buy” rating and issued a $217.00 target price on shares of M&T Bank in a research report on Wednesday. UBS Group set a $169.00 price target on shares of M&T Bank and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. ValuEngine lowered shares of M&T Bank from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Robert W. Baird lowered shares of M&T Bank from an “outperform” rating to a “neutral” rating and set a $175.00 price target for the company. in a research note on Thursday, February 21st. Finally, Zacks Investment Research lowered shares of M&T Bank from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. M&T Bank currently has an average rating of “Hold” and an average target price of $179.25.

NYSE MTB opened at $168.28 on Wednesday. M&T Bank has a 52 week low of $133.78 and a 52 week high of $187.07. The company has a quick ratio of 1.06, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $22.67 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.50 and a beta of 1.05.

M&T Bank (NYSE:MTB) last posted its earnings results on Monday, April 15th. The financial services provider reported $3.35 EPS for the quarter, topping the consensus estimate of $3.30 by $0.05. M&T Bank had a net margin of 30.84% and a return on equity of 14.46%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the firm earned $2.23 EPS.

A number of large investors have recently bought and sold shares of the stock. IFP Advisors Inc lifted its holdings in shares of M&T Bank by 21.9% during the 4th quarter. IFP Advisors Inc now owns 351 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 63 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of M&T Bank by 13.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 608 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 73 shares during the period. Moody Lynn & Lieberson LLC lifted its holdings in shares of M&T Bank by 1.4% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 5,527 shares of the financial services provider’s stock worth $791,000 after acquiring an additional 75 shares during the period. Alps Advisors Inc. lifted its holdings in shares of M&T Bank by 4.9% during the 4th quarter. Alps Advisors Inc. now owns 1,617 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 76 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of M&T Bank by 2.1% during the 4th quarter. Nuveen Asset Management LLC now owns 3,656 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

In related news, VP Michele D. Trolli sold 5,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $173.14, for a total value of $865,700.00. Following the transaction, the vice president now directly owns 10,878 shares in the company, valued at approximately $1,883,416.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Darren J. King sold 10,000 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $164.56, for a total transaction of $1,645,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,766 shares of company stock worth $2,977,668. Company insiders own 0.54% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 4th were given a $1.00 dividend. The ex-dividend date was Friday, March 1st. This represents a $4.00 annualized dividend and a dividend yield of 2.38%. M&T Bank’s dividend payout ratio (DPR) is presently 31.10%.

M&T Bank Company Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

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Earnings History and Estimates for M&T Bank (NYSE:MTB)

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