M&T Bank (NYSE:MTB) PT Set at $225.00 by Jefferies Financial Group

M&T Bank (NYSE:MTB) has been given a $225.00 price target by analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 24.64% from the company’s current price.

Other research analysts have also recently issued research reports about the company. TD Cowen began coverage on M&T Bank in a report on Thursday, May 15th. They issued a “buy” rating and a $230.00 price target on the stock. Morgan Stanley dropped their price target on M&T Bank from $269.00 to $253.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Cowen began coverage on M&T Bank in a report on Wednesday, May 14th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft raised M&T Bank from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird lowered their price objective on shares of M&T Bank from $220.00 to $200.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, M&T Bank presently has an average rating of “Moderate Buy” and a consensus target price of $212.53.

M&T Bank Stock Performance

Shares of NYSE MTB opened at $180.52 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $172.02 and a 200-day simple moving average of $189.04. The company has a market cap of $28.98 billion, a PE ratio of 12.34, a P/E/G ratio of 1.38 and a beta of 0.58. M&T Bank has a 12-month low of $139.78 and a 12-month high of $225.70.

M&T Bank (NYSE:MTB) last announced its earnings results on Monday, April 14th. The financial services provider reported $3.38 EPS for the quarter, missing the consensus estimate of $3.41 by ($0.03). M&T Bank had a return on equity of 10.12% and a net margin of 19.24%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm earned $3.09 EPS. On average, equities research analysts forecast that M&T Bank will post 16.57 EPS for the current year.

Insider Buying and Selling

In related news, EVP Christopher E. Kay sold 1,738 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total value of $299,526.92. Following the completion of the sale, the executive vice president now directly owns 10,751 shares in the company, valued at approximately $1,852,827.34. This represents a 13.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On M&T Bank

A number of large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in M&T Bank by 20.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,656 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 276 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in M&T Bank by 5.3% in the first quarter. IFM Investors Pty Ltd now owns 29,775 shares of the financial services provider’s stock worth $5,322,000 after purchasing an additional 1,503 shares in the last quarter. Focus Partners Wealth lifted its position in M&T Bank by 3.8% during the 1st quarter. Focus Partners Wealth now owns 18,840 shares of the financial services provider’s stock worth $3,368,000 after acquiring an additional 696 shares during the last quarter. Integrity Alliance LLC. acquired a new position in M&T Bank during the 1st quarter worth $623,000. Finally, Ransom Advisory Ltd acquired a new position in M&T Bank during the 1st quarter worth $458,000. 84.68% of the stock is currently owned by institutional investors.

M&T Bank Company Profile

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.