M&T Bank Corporation (MTB) is Downgraded by Robert W. Baird to Underperform, Lowers Price Target to $ 115

M&T Bank Corporation (MTB) was Downgraded by Robert W. Baird to ” Underperform” while Lowering the Price Target of the company shares to $ 115 from a previous price target of $125 . Earlier the firm had a rating of “Neutral ” on the company shares. Robert W. Baird advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on M&T Bank Corporation. M&T Bank Corporation was Downgraded by Sandler O’Neill to ” Hold” on Apr 19, 2016. Company shares were Reiterated by FBR Capital on Apr 19, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 120 from a previous price target of $112 .Shares were Reiterated by RBC Capital Mkts on Apr 19, 2016 to “Outperform” and Lowered the Price Target to $ 125 from a previous price target of $135 .

On the company’s financial health, M&T Bank Corporation reported $1.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 18, 2016. Analyst had a consensus of $1.89.Analysts expectations of $ 1294.03.During the same quarter in the previous year, the company posted $1.65 EPS.

M&T Bank Corporation opened for trading at $114.35 and hit $116.22 on the upside on Monday, eventually ending the session at $115.81, with a gain of 0.87% or 1 points. The heightened volatility saw the trading volume jump to 9,59,523 shares. Company has a market cap of $18,425 M.

In a different news, on Dec 18, 2015, Richard S Gold (Executive Vice President) sold 6,225 shares at $125.37 per share price. According to the SEC, on Dec 16, 2015, Michael R Spychala (Sr. VP & Controller) sold 7,090 shares at $124.59 per share price. On Dec 16, 2015, Janet M. Coletti (Executive Vice President) sold 5,666 shares at $124.06 per share price, according to the Form-4 filing with the securities and exchange commission.

M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust National Association (Wilmington Trust N.A.). The Company’s segments include Business Banking Commercial Banking Commercial Real Estate Discretionary Portfolio Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit lending cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities loans and other assets and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches and 1600 automated teller machines.

M&T Bank Corporation

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