M&T Bank (NYSE:MTB) PT Lowered to $206.00 at Barclays

M&T Bank (NYSE:MTB) had its price objective cut by equities research analysts at Barclays from $217.00 to $206.00 in a research report issued on Friday, BenzingaRatingsTable reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 26.48% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. UBS Group increased their target price on shares of Willis Towers Watson from $202.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Zacks Investment Research cut shares of First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, July 12th. Wedbush increased their target price on shares of Wintrust Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Finally, ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $181.17.

MTB stock opened at $162.87 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 1.06. M&T Bank has a 52-week low of $133.78 and a 52-week high of $180.77. The company’s 50-day moving average price is $168.19. The company has a market capitalization of $22.25 billion, a PE ratio of 11.58, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06.



M&T Bank (NYSE:MTB) last released its earnings results on Thursday, July 18th. The financial services provider reported $3.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.70 by ($0.36). M&T Bank had a net margin of 29.81% and a return on equity of 14.26%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business posted $3.26 EPS. On average, equities analysts forecast that M&T Bank will post 14.32 earnings per share for the current fiscal year.

In related news, insider Doris P. Meister sold 460 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $160.29, for a total value of $73,733.40. Following the completion of the transaction, the insider now owns 1,553 shares of the company’s stock, valued at $248,930.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Farrell II sold 1,476 shares of the stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $169.43, for a total transaction of $250,078.68. Following the completion of the transaction, the insider now directly owns 13,844 shares of the company’s stock, valued at approximately $2,345,588.92. The disclosure for this sale can be found here. Insiders sold 5,521 shares of company stock valued at $920,389 in the last three months. Company insiders own 0.54% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Liberty Wealth Management LLC increased its holdings in shares of M&T Bank by 972.7% during the first quarter. Liberty Wealth Management LLC now owns 236 shares of the financial services provider’s stock worth $37,000 after buying an additional 214 shares in the last quarter. Webster Bank N. A. acquired a new stake in shares of M&T Bank during the second quarter worth approximately $43,000. Pearl River Capital LLC acquired a new stake in shares of M&T Bank during the first quarter worth approximately $42,000. CX Institutional acquired a new stake in shares of M&T Bank during the first quarter worth approximately $47,000. Finally, Legacy Advisors LLC acquired a new stake in shares of M&T Bank during the first quarter worth approximately $66,000. 81.52% of the stock is owned by institutional investors.

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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Analyst Recommendations for M&T Bank (NYSE:MTB)

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