KBW Reiterates a Hold Rating on M&T Bank

By Ryan Adsit

In a report released yesterday, Melissa Roberts from KBW reiterated a Hold rating on M&T Bank (NYSE: MTB), with a price target of $160. The company’s shares opened today at $153.18.

According to TipRanks.com, Roberts is a 2-star analyst with an average return of 0.9% and a 33.9% success rate. Roberts covers the Financial sector, focusing on stocks such as Argo Group International Holdings Ltd, Fidelity National Financial Ventures, and First Financial Corporation Indiana.

Currently, the analyst consensus on M&T Bank is Moderate Buy and the average price target is $169, representing a 10.3% upside.

In a report issued on April 3, Jefferies also reiterated a Hold rating on the stock with a $174 price target.

Based on the recent corporate insider activity of 177 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. operates as a bank holding company. The company, through its wholly owned subsidiaries, M&T Bank and Wilmington Trust NA, offers a wide range of retail and commercial banking, trust, wealth management and investment services to their customers. It offers a broad range of financial services to a diverse base of consumers, businesses, professional clients, governmental entities and financial institutions located in its markets. The company operates through following segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides a wide range of services to small businesses and professionals through the company’s branch network, business banking centers and other delivery channels such as telephone banking, Internet banking and automated teller machines within markets served by the company. Its services and products include various business loans and leases, including loans guaranteed by the Small Business Administration, business credit cards, deposit products, and financial services such as cash management, payroll and direct deposit, merchant credit card and letters of credit. The Commercial Banking segment provides a wide range of credit products and banking services for middle-market and large commercial customers. Its services include commercial lending and leasing, letters of credit, deposit products, and cash management services. The Commercial Real Estate segment provides credit and deposit services to its customers. The Discretionary Portfolio segment includes investment and trading securities, residential mortgage loans and other assets, short-term and long-term borrowed funds, brokered certificates of deposit and interest rate swap agreements related thereto, and Cayman Islands branch deposits. It also provides foreign exchange services to customers. The Residential Mortgage Banking segment originates and services residential mortgage loans and sells substantially all of those loans in the secondary market to investors. The Retail Banking segment offers a variety of services to consumers through several delivery channels which include branch offices, automated teller machines, telephone banking and Internet banking. The company was founded in November 1969 and is headquartered in Buffalo, NY.