Laura P. O'Hara | M&T Bank

Joanna Estrada
August 23, 2017

More notable recent M&T Bank Corporation (NYSE:MTB) news were published by: Wsj.com which released: "Fed Drops Enforcement Action Against M&T Bank" on July 27, 2017, also Prnewswire.com with their article: "M&T Bank Names Laura P. O'Hara as Senior Vice President and General Counsel" published on August 21, 2017, Seekingalpha.com published: "M&T Bank Corporation: Hold Off For Now" on August 07, 2017. Moreover, Everpoint Asset Management Limited Liability has 0.14% invested in SAGE Therapeutics Inc (NASDAQ:SAGE) for 145,000 shares. Lvw Advisors Ltd has invested 0.18% in M&T Bank Corporation (NYSE:MTB). Sentinel Asset has invested 0.04% in M&T Bank Corporation (NYSE:MTB). Mosaic Family Wealth LLC now owns 1,163 shares of the bank's stock worth $180,000 after buying an additional 33 shares in the last quarter. Bluestein R H & Co. acquired a new position in shares of M&T Bank Corporation during the first quarter worth about $217,000. WealthTrust Axiom LLC purchased a new position in shares of M&T Bank Corporation during the first quarter valued at $220,000. Sun Life Financial INC now owns 1,128 shares of the bank's stock worth $183,000 after buying an additional 1,115 shares in the last quarter. Mosaic Family Wealth LLC's holdings in M&T Bank Corporation were worth $198,000 at the end of the most recent quarter. First Midwest Bank Trust Division now owns 3,204 shares of the bank's stock valued at $496,000 after buying an additional 34 shares during the last quarter.

Institutional investors have recently added to or reduced their stakes in the company.

The analysts offering 12 month price targets for M&T Bank Corporation have a median target of $163.5, with a high estimate of $186 and a low estimate of $130. The company has market cap of $23.31 billion. The firm's 50-day moving average is $161.68 and its 200 day moving average is $160.50. Regions has invested 0.01% in M&T Bank Corporation (NYSE:MTB). A month ago, analyst EPS consensus estimated earnings of US$2.39 per share. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. M&T Bank Corporation had a return on equity of 9.48% and a net margin of 24.10%. Equities research analysts expect that M&T Bank Corporation will post $9.27 earnings per share for the current fiscal year. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. This buyback authorization allows the bank to reacquire up to 3.6% of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a $0.75 dividend.

Since February 24, 2017, it had 1 insider buy, and 5 sales for $3.50 million activity.

TRADEMARK VIOLATION NOTICE: "M&T Bank Corporation (MTB) Shares Bought by Tocqueville Asset Management L.P." was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & worldwide trademark & copyright law. The original version of this news story can be accessed at https://stocknewstimes.com/2017/08/22/mt-bank-corporation-mtb-downgraded-by-bidaskclub-to-sell.html. The rating was upgraded by Jefferies on Tuesday, July 11 to "Buy". On August 4 the stock rating was downgraded to "Underperform" from "Neutral" by Macquarie. ValuEngine raised M&T Bank Corporation from a "hold" rating to a "buy" rating in a research note on Friday, June 2nd.

According to Zacks brokerage recommendations, M&T Bank Corporation (NYSE:MTB)'s Buy count is 0 and Strong Buy is 1 while the number of analysts recommending Sell and Strong Sell are 1 and 6, respectively. They presently have a $168.00 target price on the bank's stock. Gold Richard S sold $1.12 million worth of stock or 6,904 shares. The stock was sold at an average price of $164.25, for a total value of $1,463,139.00. Following the sale, the insider now directly owns 12,169 shares of the company's stock, valued at $1,971,621.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The stock now has a consensus rating of "Hold" and an average price target of $161.00. Another trade for 2,000 shares valued at $324,042 was made by HICKEY BRIAN E on Tuesday, May 23. The disclosure for this sale can be found here. The fund owned 1,225 shares of the bank's stock after buying an additional 62 shares during the period. Iowa-based Principal Inc has invested 0.31% in M&T Bank Corporation (NYSE:MTB).

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