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

M&T Bank Co. (NYSE:MTB) – Investment analysts at Wedbush issued their Q1 2020 earnings per share estimates for shares of M&T Bank in a report issued on Tuesday, April 16th, according to Zacks Investment Research. Wedbush analyst P. Winter forecasts that the financial services provider will post earnings per share of $3.56 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.

A number of other equities analysts have also issued reports on the company. Barclays restated a “buy” rating and issued a $217.00 target price on shares of M&T Bank in a research note on Wednesday, April 17th. UBS Group set a $169.00 target price on M&T Bank and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Zacks Investment Research lowered M&T Bank from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. ValuEngine lowered M&T Bank from a “hold” rating to a “sell” rating in a research note on Thursday, March 21st. Finally, Citigroup lifted their price objective on M&T Bank from $162.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. 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 company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $179.25.

MTB stock traded down $1.08 during midday trading on Wednesday, reaching $166.11. The stock had a trading volume of 1,196,343 shares, compared to its average volume of 833,609. The firm has a market capitalization of $23.59 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.06 and a quick ratio of 1.06. M&T Bank has a 52-week low of $133.78 and a 52-week high of $187.07.

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

In related news, VP Michele D. Trolli sold 5,000 shares of M&T Bank stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $173.14, for a total value of $865,700.00. Following the completion of the transaction, the vice president now owns 10,878 shares in the company, valued at approximately $1,883,416.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian E. Hickey sold 4,000 shares of M&T Bank stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $168.53, for a total value of $674,120.00. Following the completion of the transaction, the insider now owns 17,819 shares of the company’s stock, valued at approximately $3,003,036.07. The disclosure for this sale can be found here. Insiders have sold a total of 13,246 shares of company stock valued at $2,263,806 in the last quarter. Company insiders own 0.54% of the company’s stock.

Several institutional investors have recently made changes to their positions in MTB. First Hawaiian Bank boosted its holdings in M&T Bank by 111.7% in the 1st quarter. First Hawaiian Bank now owns 4,265 shares of the financial services provider’s stock worth $669,000 after buying an additional 2,250 shares during the last quarter. Domani Wealth LLC acquired a new stake in M&T Bank in the 1st quarter worth about $217,000. Baltimore Washington Financial Advisors Inc. acquired a new stake in M&T Bank in the 1st quarter worth about $313,000. Banco Santander S.A. acquired a new stake in M&T Bank in the 4th quarter worth about $23,961,000. Finally, UMB Bank N A MO boosted its holdings in M&T Bank by 10.4% in the 4th quarter. UMB Bank N A MO now owns 2,041 shares of the financial services provider’s stock worth $292,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

About M&T Bank

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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