M&T Bank (NYSE:MTB) Stock Rating Lowered by StockNews.com

M&T Bank (NYSE:MTB) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Several other research analysts have also weighed in on MTB. DA Davidson reaffirmed a “neutral” rating and issued a $159.00 target price on shares of M&T Bank in a research report on Tuesday, April 16th. Bank of America raised their price objective on M&T Bank from $157.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. UBS Group boosted their target price on M&T Bank from $139.00 to $154.00 in a report on Wednesday, January 17th. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 price target on shares of M&T Bank in a report on Tuesday, April 16th. Finally, Wedbush reiterated an “outperform” rating and set a $170.00 price objective on shares of M&T Bank in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, M&T Bank has a consensus rating of “Hold” and an average target price of $158.48.

M&T Bank Stock Up 0.2 %

MTB opened at $146.58 on Friday. The stock has a market capitalization of $24.42 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.78. M&T Bank has a 12 month low of $108.53 and a 12 month high of $148.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.94 and a quick ratio of 0.99. The business has a 50-day moving average of $141.81 and a two-hundred day moving average of $134.54.

M&T Bank (NYSE:MTB) last released its earnings results on Monday, April 15th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.13 by ($0.11). The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. M&T Bank had a net margin of 19.52% and a return on equity of 10.68%. During the same quarter in the previous year, the firm posted $4.09 earnings per share. On average, research analysts expect that M&T Bank will post 13.92 earnings per share for the current year.

Insider Buying and Selling at M&T Bank

In other news, EVP Doris P. Meister sold 1,638 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $138.21, for a total transaction of $226,387.98. Following the completion of the transaction, the executive vice president now directly owns 3,362 shares in the company, valued at approximately $464,662.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Doris P. Meister sold 3,961 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $143.60, for a total transaction of $568,799.60. Following the transaction, the executive vice president now owns 5,000 shares of the company’s stock, valued at $718,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Doris P. Meister sold 1,638 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $138.21, for a total value of $226,387.98. Following the completion of the sale, the executive vice president now directly owns 3,362 shares of the company’s stock, valued at $464,662.02. The disclosure for this sale can be found here. Insiders sold a total of 46,119 shares of company stock worth $6,679,812 in the last 90 days. 0.82% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in M&T Bank by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 85,000 shares of the financial services provider’s stock worth $10,748,000 after purchasing an additional 1,583 shares during the period. Xponance Inc. grew its position in shares of M&T Bank by 2.7% during the 3rd quarter. Xponance Inc. now owns 21,794 shares of the financial services provider’s stock valued at $2,756,000 after buying an additional 581 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of M&T Bank by 7.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 37,521 shares of the financial services provider’s stock valued at $4,744,000 after buying an additional 2,726 shares during the last quarter. Bank of New York Mellon Corp raised its stake in M&T Bank by 20.2% during the third quarter. Bank of New York Mellon Corp now owns 1,613,660 shares of the financial services provider’s stock worth $204,047,000 after acquiring an additional 270,819 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in M&T Bank by 5.9% in the third quarter. Brown Advisory Inc. now owns 36,735 shares of the financial services provider’s stock worth $4,645,000 after acquiring an additional 2,059 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

M&T Bank Company Profile

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.