In a report released yesterday, Jason Goldberg from Barclays maintained a Buy rating on M&T Bank (MTB), with a price target of $217. The company’s shares closed yesterday at $168.28.
According to TipRanks.com, Goldberg is a 4-star analyst with an average return of 6.1% and a 63.8% success rate. Goldberg covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, Fifth Third Bancorp, and Citizens Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for M&T Bank with a $180.75 average price target, representing a 7.4% upside. In a report issued on April 10, Piper Jaffray also maintained a Buy rating on the stock with a $197 price target.
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Based on M&T Bank’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $483 million. In comparison, last year the company had a net profit of $351 million.
Based on the recent corporate insider activity of 142 insiders, corporate insider sentiment is negative on the stock.
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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, 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 Portfo
