Analysts Set Expectations for M&T Bank Co.’s Q4 2018 Earnings (MTB)

M&T Bank Co. (NYSE:MTB) – Investment analysts at Jefferies Financial Group boosted their Q4 2018 earnings estimates for shares of M&T Bank in a research note issued to investors on Tuesday, January 8th. Jefferies Financial Group analyst K. Usdin now anticipates that the financial services provider will post earnings per share of $3.61 for the quarter, up from their previous forecast of $3.48. Jefferies Financial Group also issued estimates for M&T Bank’s Q2 2019 earnings at $3.61 EPS, Q3 2019 earnings at $3.64 EPS, FY2019 earnings at $14.20 EPS and FY2020 earnings at $14.55 EPS.

M&T Bank (NYSE:MTB) last released its earnings results on Wednesday, October 17th. The financial services provider reported $3.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.35 by $0.18. M&T Bank had a return on equity of 13.15% and a net margin of 26.84%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $2.21 earnings per share.



Other equities analysts also recently issued reports about the company. Morgan Stanley reduced their target price on M&T Bank from $195.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 18th. Vining Sparks reiterated a “buy” rating and set a $220.00 target price on shares of M&T Bank in a research report on Tuesday, October 9th. Zacks Investment Research downgraded M&T Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Barclays reduced their target price on M&T Bank from $210.00 to $203.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 2nd. Finally, UBS Group upgraded M&T Bank from a “sell” rating to a “neutral” rating in a research report on Tuesday. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $182.40.

NYSE MTB opened at $150.81 on Friday. M&T Bank has a twelve month low of $133.78 and a twelve month high of $197.37. The stock has a market cap of $21.38 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 0.89 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.64.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Monday, December 3rd were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, November 30th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.65%. M&T Bank’s dividend payout ratio (DPR) is 42.78%.

In other news, Director Richard H. Jr. Ledgett sold 500 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $168.40, for a total value of $84,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Doris P. Meister sold 800 shares of the firm’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $167.24, for a total value of $133,792.00. Following the completion of the transaction, the insider now owns 342 shares in the company, valued at $57,196.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,164 shares of company stock worth $524,899. Company insiders own 0.48% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Sageworth Trust Co grew its stake in shares of M&T Bank by 220.0% in the third quarter. Sageworth Trust Co now owns 800 shares of the financial services provider’s stock valued at $132,000 after buying an additional 550 shares in the last quarter. Bank of America Corp DE grew its stake in shares of M&T Bank by 13.7% in the second quarter. Bank of America Corp DE now owns 618,080 shares of the financial services provider’s stock valued at $105,166,000 after buying an additional 74,509 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of M&T Bank by 0.8% in the third quarter. JPMorgan Chase & Co. now owns 5,761,927 shares of the financial services provider’s stock valued at $948,067,000 after buying an additional 43,529 shares in the last quarter. Edgestream Partners L.P. grew its stake in shares of M&T Bank by 66.9% in the third quarter. Edgestream Partners L.P. now owns 28,703 shares of the financial services provider’s stock valued at $4,723,000 after buying an additional 11,509 shares in the last quarter. Finally, National Asset Management Inc. acquired a new stake in shares of M&T Bank in the third quarter valued at about $309,000. Institutional investors and hedge funds own 80.59% 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 retail and commercial banking services. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals.

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

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