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

M&T Bank (NYSE:MTB - Get Free Report) is projected to announce its earnings results before the market opens on Monday, April 14th. Analysts expect the company to announce earnings of $3.45 per share and revenue of $2.35 billion for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.92 EPS for the quarter, topping the consensus estimate of $3.70 by $0.22. M&T Bank had a return on equity of 10.12% and a net margin of 19.24%. During the same period in the prior year, the company earned $2.74 EPS. 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 Stock Performance

Shares of NYSE:MTB traded down $0.03 during mid-day trading on Friday, reaching $157.82. 1,548,671 shares of the company traded hands, compared to its average volume of 1,115,242. The company's 50 day moving average price is $181.27 and its 200-day moving average price is $191.77. The firm has a market cap of $25.93 billion, a PE ratio of 10.79, a PEG ratio of 1.38 and a beta of 0.58. M&T Bank has a 52 week low of $133.08 and a 52 week high of $225.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.98 and a quick ratio of 0.99.

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M&T Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 3rd were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Monday, March 3rd. M&T Bank's dividend payout ratio is currently 36.91%.

M&T Bank announced that its Board of Directors has initiated a share buyback program on Wednesday, January 22nd that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 12.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MTB shares. Evercore ISI dropped their target price on shares of M&T Bank from $234.00 to $205.00 and set an "outperform" rating for the company in a report on Thursday, March 13th. Wells Fargo & Company cut their target price on M&T Bank from $205.00 to $185.00 and set an "underweight" rating for the company in a research report on Friday, March 28th. Barclays increased their target price on M&T Bank from $228.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Citigroup lowered their price target on M&T Bank from $230.00 to $195.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of M&T Bank from $212.50 to $186.50 and set a "neutral" rating for the company in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $215.97.

Insiders Place Their Bets

In related news, EVP Christopher E. Kay sold 1,738 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $172.34, for a total value of $299,526.92. Following the completion of the transaction, the executive vice president now owns 10,751 shares of the company's stock, valued at approximately $1,852,827.34. This trade represents a 13.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.53% of the company's stock.

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.