M&T Bank (MTB) Projected to Post Earnings on Monday

M&T Bank (NYSE:MTB) will likely be announcing its earnings results before the market opens on Monday, April 14th. Analysts expect M&T Bank to post earnings of $3.45 per share and revenue of $2.35 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

M&T Bank (NYSE:MTB) last issued its earnings results on Thursday, January 16th. The financial services provider reported $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.22. M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. During the same period in the prior year, the company posted $2.74 earnings per share. On average, analysts expect M&T Bank to post $17 EPS for the current fiscal year and $19 EPS for the next fiscal year.

M&T Bank Price Performance

Shares of NYSE MTB opened at $157.13 on Monday. M&T Bank has a twelve month low of $133.03 and a twelve month high of $225.70. The company has a market cap of $25.82 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58. The business’s 50 day moving average price is $186.82 and its two-hundred day moving average price is $192.80. The company has a quick ratio of 0.99, a current ratio of 0.98 and a debt-to-equity ratio of 0.47.

M&T Bank announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, January 22nd that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 12.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

M&T Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Monday, March 3rd. M&T Bank’s payout ratio is presently 36.91%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MTB shares. Barclays increased their price objective on shares of M&T Bank from $228.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Wells Fargo & Company lowered their price target on shares of M&T Bank from $205.00 to $185.00 and set an “underweight” rating on the stock in a report on Friday, March 28th. DA Davidson boosted their price objective on M&T Bank from $222.00 to $223.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Evercore ISI lowered their target price on M&T Bank from $234.00 to $205.00 and set an “outperform” rating on the stock in a research note on Thursday, March 13th. Finally, StockNews.com upgraded M&T Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $215.97.

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 stock was sold at an average price of $172.34, for a total transaction 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 $1,852,827.34. This represents a 13.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by company insiders.

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.