M&T Bank (NYSE:MTB) Price Target Raised to $157.00 at Evercore ISI

M&T Bank (NYSE:MTBGet Free Report) had its target price upped by stock analysts at Evercore ISI from $146.00 to $157.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “in-line” rating on the financial services provider’s stock. Evercore ISI’s price target would suggest a potential upside of 7.95% from the stock’s previous close.

Other research analysts also recently issued reports about the company. UBS Group raised their price objective on M&T Bank from $139.00 to $154.00 in a report on Wednesday, January 17th. StockNews.com cut M&T Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Barclays increased their target price on M&T Bank from $150.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft cut M&T Bank from a “buy” rating to a “hold” rating and set a $145.00 target price on the stock. in a research report on Monday, December 18th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $159.00 target price on shares of M&T Bank in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $150.17.

Read Our Latest Report on M&T Bank

M&T Bank Trading Up 0.4 %

MTB opened at $145.44 on Thursday. The stock’s fifty day moving average is $139.34 and its two-hundred day moving average is $131.49. The company has a market capitalization of $24.23 billion, a P/E ratio of 9.22, a PEG ratio of 1.28 and a beta of 0.79. M&T Bank has a 52 week low of $108.53 and a 52 week high of $148.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.33.

M&T Bank (NYSE:MTBGet Free Report) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $2.74 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.36). The firm had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $2.27 billion. M&T Bank had a return on equity of 11.59% and a net margin of 21.49%. During the same quarter in the previous year, the business earned $4.57 earnings per share. Analysts forecast that M&T Bank will post 13.87 earnings per share for the current year.

Insiders Place Their Bets

In other M&T Bank news, EVP Doris P. Meister sold 1,675 shares of M&T Bank stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $137.91, for a total transaction of $230,999.25. Following the completion of the sale, the executive vice president now owns 8,961 shares of the company’s stock, valued at approximately $1,235,811.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other M&T Bank news, EVP Doris P. Meister sold 1,675 shares of M&T Bank stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $137.91, for a total transaction of $230,999.25. Following the completion of the sale, the executive vice president now owns 8,961 shares of the company’s stock, valued at approximately $1,235,811.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kirk W. Walters sold 28,845 shares of M&T Bank stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $145.00, for a total value of $4,182,525.00. Following the transaction, the director now owns 6,367 shares of the company’s stock, valued at approximately $923,215. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,481 shares of company stock valued at $5,114,624. 0.82% of the stock is owned by company insiders.

Hedge Funds Weigh In On M&T Bank

Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in shares of M&T Bank during the 3rd quarter valued at about $833,000. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of M&T Bank by 8.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,985 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 305 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of M&T Bank in the 3rd quarter valued at about $299,000. Metis Global Partners LLC increased its stake in shares of M&T Bank by 15.2% in the 3rd quarter. Metis Global Partners LLC now owns 7,063 shares of the financial services provider’s stock valued at $893,000 after purchasing an additional 931 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in shares of M&T Bank by 20.6% in the 4th quarter. AustralianSuper Pty Ltd now owns 340,661 shares of the financial services provider’s stock valued at $46,698,000 after purchasing an additional 58,130 shares in the last quarter. Hedge funds and other institutional investors own 84.68% of the company’s stock.

M&T Bank Company Profile

(Get Free Report)

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.

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