M&T Bank (MTB) received a Hold rating and a $175 price target from Robert W. Baird analyst David George today. The company’s shares closed yesterday at $176.
According to TipRanks.com, George is a 4-star analyst with an average return of 7.4% and a 67.0% success rate. George covers the Financial sector, focusing on stocks such as Capital One Financial, Bank of America, and SunTrust Banks.
Currently, the analyst consensus on M&T Bank is a Moderate Buy with an average price target of $183.25.
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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 143 insiders, corporate insider sentiment is negative on the stock.
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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
