Impact of Brokerage Rating on M&T Bank Corporation(MTB)

Many M&T Bank Corporation(MTB) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Downgraded by UBS on Jan 11, 2017 to Sell, Raises Price Target to $ 150 from a previous price target of $145 .Company shares were Reiterated by Barclays on Jan 3, 2017 to Overweight, Raises Price Target to $ 172 from a previous price target of $130 .M&T Bank Corporation was Downgraded by BofA/Merrill to Underperform on Dec 15, 2016. Company shares were Reiterated by Wedbush on Nov 30, 2016 to Neutral, Raises Price Target to $ 134 from a previous price target of $128 .

Company has reported several Insider transactions to the SEC, on Feb 8, 2017, Sabeth Siddique (Chief of Reg. Affairs) sold 1,900 shares at 162.62 per share price.On Feb 2, 2017, D Scott N Warman (Executive Vice President) sold 1,055 shares at 162.32 per share price.On Feb 2, 2017, Michael J. Todaro (Executive Vice President) sold 2,518 shares at 163.07 per share price.

M&T Bank Corporation Last issued its quarterly earnings results on Jan 19, 2017. The company reported $2.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.02. Analyst had a consensus of $2.03.Analysts expectations of $ 1322.00.During the same quarter in the previous year, the company posted $2.09 EPS.

M&T Bank Corporation (NYSE:MTB) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 3.14 by 14 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold. 2 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

M&T Bank Corporation (NYSE:MTB) shares are expected to touch $153.62 in the short term. This short term price target has been shared by 13 analysts. However, the standard deviation of short term price estimate has been valued at 17.14. The target price could hit $180 on the higher end and $125 on the lower end.

M&T Bank Corporation (NYSE:MTB) rose 0.85% or 1.42 points on Tuesday and made its way into the gainers of the day. After trading began at $166.98 the stock was seen hitting $169.08 as a peak level and $166.47 as the lowest level. The stock ended up at $168.22. The daily volume was measured at 1,077,614 shares. The 52-week high of the share price is $169.08 and the 52-week low is $101.95. The company has a market cap of $26,082 million.

M&T Bank Corp is a bank holding company. They have two primary bank subsidiaries: Manufacturers and Traders Trust Company and M&T Bank, National Association. The banks collectively offer a wide range of commercial banking, trust and investment services to their customers. From time to time, M&T Bank considers acquiring banks, thrift institutions, branch offices or other businesses within markets currently served or in other nearby markets.

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