M&T Financial institution Co. (NYSE:MTB – Get Ranking) – Equities analysis analysts at Jefferies Monetary Group decreased their FY2022 earnings per share (EPS) estimates for shares of M&T Financial institution in a report issued on Monday, January ninth. Jefferies Monetary Group analyst Okay. Usdin now anticipates that the monetary providers supplier will submit earnings of $14.06 per share for the yr, down from their earlier estimate of $14.41. The consensus estimate for M&T Financial institution’s present full-year earnings is $14.23 per share. Jefferies Monetary Group additionally issued estimates for M&T Financial institution’s Q1 2023 earnings at $4.05 EPS, Q2 2023 earnings at $3.98 EPS, Q3 2023 earnings at $4.05 EPS, FY2023 earnings at $16.05 EPS, Q1 2024 earnings at $4.24 EPS, Q2 2024 earnings at $4.46 EPS, Q3 2024 earnings at $4.30 EPS and This autumn 2024 earnings at $4.34 EPS.
Quite a lot of different analysis analysts have additionally commented on the corporate. Wells Fargo & Firm reduce their value goal on M&T Financial institution from $175.00 to $165.00 and set an “equal weight” score for the corporate in a report on Thursday, December eighth. TheStreet upgraded M&T Financial institution from a “c+” score to a “b-” score in a report on Tuesday, September twenty seventh. StockNews.com reduce M&T Financial institution from a “maintain” score to a “promote” score in a analysis report on Tuesday. DA Davidson assumed protection on M&T Financial institution in a analysis report on Wednesday, December twenty first. They set a “impartial” score and a $160.00 value goal on the inventory. Lastly, Keefe, Bruyette & Woods reduce M&T Financial institution from an “outperform” score to a “market carry out” score and lowered their value goal for the corporate from $215.00 to $180.00 in a analysis report on Tuesday, December sixth. One analyst has rated the inventory with a promote score, eight have issued a maintain score and eight have given a purchase score to the inventory. Based mostly on information from MarketBeat, M&T Financial institution at the moment has a median score of “Maintain” and a median goal value of $184.55.
M&T Financial institution Inventory Down 0.4 %
Shares of MTB inventory opened at $148.00 on Tuesday. M&T Financial institution has a 12 month low of $138.43 and a 12 month excessive of $193.42. The agency has a market cap of $25.55 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.82 and a beta of 0.83. The inventory has a 50 day shifting common of $156.91 and a 200-day shifting common of $169.15. The corporate has a fast ratio of 0.96, a present ratio of 0.96 and a debt-to-equity ratio of 0.15.
M&T Financial institution (NYSE:MTB – Get Ranking) final issued its quarterly earnings outcomes on Wednesday, October nineteenth. The monetary providers supplier reported $3.83 EPS for the quarter, lacking analysts’ consensus estimates of $4.21 by ($0.38). M&T Financial institution had a return on fairness of 10.74% and a internet margin of twenty-two.80%. The enterprise had income of $2.24 billion for the quarter, in comparison with analyst estimates of $2.29 billion. Throughout the identical quarter final yr, the agency earned $3.76 earnings per share.
Institutional Buying and selling of M&T Financial institution
Massive buyers have just lately purchased and bought shares of the inventory. WASHINGTON TRUST Co grew its holdings in shares of M&T Financial institution by 77.4% throughout the second quarter. WASHINGTON TRUST Co now owns 188 shares of the monetary providers supplier’s inventory price $30,000 after buying a further 82 shares over the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of M&T Financial institution by 712.5% throughout the second quarter. SRS Capital Advisors Inc. now owns 195 shares of the monetary providers supplier’s inventory price $31,000 after buying a further 171 shares over the last quarter. J.W. Cole Advisors Inc. purchased a brand new stake in shares of M&T Financial institution throughout the first quarter price $34,000. TCI Wealth Advisors Inc. grew its holdings in shares of M&T Financial institution by 1,523.1% throughout the second quarter. TCI Wealth Advisors Inc. now owns 211 shares of the monetary providers supplier’s inventory price $34,000 after buying a further 198 shares over the last quarter. Lastly, Ronald Blue Belief Inc. grew its holdings in shares of M&T Financial institution by 148.9% throughout the third quarter. Ronald Blue Belief Inc. now owns 219 shares of the monetary providers supplier’s inventory price $35,000 after buying a further 131 shares over the last quarter. 84.10% of the inventory is at the moment owned by institutional buyers.
M&T Financial institution Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which was paid on Friday, December thirtieth. Shareholders of document on Thursday, December 1st got a $1.20 dividend. This represents a $4.80 dividend on an annualized foundation and a yield of three.24%. The ex-dividend date was Wednesday, November thirtieth. M&T Financial institution’s dividend payout ratio (DPR) is 45.28%.
M&T Financial institution Firm Profile
M&T Financial institution Company operates as a financial institution holding firm that gives business and retail banking providers. The corporate’s Enterprise Banking phase affords deposit, lending, money administration, and different monetary providers to small companies and professionals. Its Industrial Banking phase offers deposit merchandise, business lending and leasing, letters of credit score, and money administration providers for middle-market and enormous business prospects.
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