M&T Bank Co. (NYSE:MTB) has earned an average rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $176.77.

MTB has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of M&T Bank from $189.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, July 19th. Piper Jaffray Companies cut shares of M&T Bank from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $196.00 to $168.00 in a report on Monday, July 22nd. ValuEngine upgraded shares of M&T Bank from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. UBS Group decreased their target price on shares of M&T Bank from $176.00 to $172.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of M&T Bank from $173.00 to $174.00 and gave the stock a “neutral” rating in a report on Tuesday, July 2nd.

In related news, insider Michael J. Todaro purchased 186 shares of M&T Bank stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $144.84 per share, with a total value of $26,940.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William J. Farrell II sold 3,070 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $163.82, for a total transaction of $502,927.40. Following the completion of the sale, the executive vice president now directly owns 10,774 shares of the company’s stock, valued at $1,764,996.68. The disclosure for this sale can be found here. Insiders sold 6,479 shares of company stock valued at $1,043,915 over the last three months. 0.54% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Delphi Management Inc. MA bought a new position in M&T Bank during the second quarter valued at approximately $1,257,000. Prudential PLC raised its position in shares of M&T Bank by 1.2% in the second quarter. Prudential PLC now owns 185,848 shares of the financial services provider’s stock valued at $31,594,000 after purchasing an additional 2,136 shares during the period. Royal Bank of Canada raised its position in shares of M&T Bank by 2.3% in the second quarter. Royal Bank of Canada now owns 195,394 shares of the financial services provider’s stock valued at $33,231,000 after purchasing an additional 4,349 shares during the period. DF Dent & Co. Inc. raised its position in shares of M&T Bank by 43.0% in the second quarter. DF Dent & Co. Inc. now owns 4,613 shares of the financial services provider’s stock valued at $785,000 after purchasing an additional 1,386 shares during the period. Finally, HM Payson & Co. bought a new position in shares of M&T Bank in the second quarter valued at approximately $51,000. 82.56% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MTB traded up $1.02 during trading hours on Friday, hitting $148.40. 328,401 shares of the company’s stock traded hands, compared to its average volume of 799,579. M&T Bank has a 52 week low of $133.78 and a 52 week high of $180.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.06. The company’s fifty day simple moving average is $161.27 and its two-hundred day simple moving average is $165.22. The company has a market cap of $19.94 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 2.09 and a beta of 1.05.

M&T Bank (NYSE:MTB) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.70 by ($0.36). M&T Bank had a net margin of 29.81% and a return on equity of 14.26%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $3.26 EPS. On average, analysts anticipate that M&T Bank will post 13.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 3rd will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, August 30th. M&T Bank’s dividend payout ratio (DPR) is 31.10%.

M&T Bank Company Profile

M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.

Featured Article: Quantitative Easing

Analyst Recommendations for M&T Bank (NYSE:MTB)

Receive News & Ratings for M&T Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for M&T Bank and related companies with MarketBeat.com's FREE daily email newsletter.