M&T Bank Corporation (MTB) was Reiterated by FBR Capital to “Mkt Perform” while Lowering the Price Target of the company shares to $ 105 from a previous price target of $120 . FBR Capital advised their investors in a research report released on Jul 21, 2016.
Many Wall Street Analysts have commented on M&T Bank Corporation. Shares were Downgraded by Nomura on Jul 7, 2016 to ” Neutral” and Lowered the Price Target to $ 103 from a previous price target of $131 .M&T Bank Corporation was Resumed by Piper Jaffray to “Neutral” on Jul 5, 2016.
On the company’s financial health, M&T Bank Corporation reported $2.07 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $2.07. The company had revenue of $1312.00 million for the quarter, compared to analysts expectations of $1319.82 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS.
M&T Bank Corporation closed down -4.92 points or -4.14% at $113.81 with 21,18,815 shares getting traded on Wednesday. Post opening the session at $118.47, the shares hit an intraday low of $113.77 and an intraday high of $118.73 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 7, 2016, Robert J Bojdak (Executive Vice President) sold 1,703 shares at $117.10 per share price. According to the SEC, on May 16, 2016, Mark J Czarnecki (President) sold 25,332 shares at $115.04 per share price. On May 2, 2016, D Scott N Warman (Executive Vice President) sold 503 shares at $119.72 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.