Barclays Sticks to Its Buy Rating for M&T Bank (MTB)


Barclays analyst Jason Goldberg maintained a Buy rating on M&T Bank (MTB) yesterday and set a price target of $207. The company’s shares closed yesterday at $163.21.

According to TipRanks.com, Goldberg is a 4-star analyst with an average return of 5.8% and a 62.3% success rate. Goldberg covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Capital One Financial, and Fifth Third Bancorp.

Currently, the analyst consensus on M&T Bank is a Moderate Buy with an average price target of $180.38, implying a 10.5% upside from current levels. In a report issued on January 2, Robert W. Baird also reiterated a Buy rating on the stock with a $175 price target.

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Based on M&T Bank’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $546 million. In comparison, last year the company had a net profit of $321 million.

Based on the recent corporate insider activity of 140 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

M&T Bank Corp. is a a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management and investment services, through its wholly owned subsidiaries, M&T Bank and Wilmington Trust NA. It operates through following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Re

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