Analyst’s Review under Consideration: M&T Bank Corporation (MTB)

The shares of M&T Bank Corporation (NYSE:MTB) currently has mean rating of 2.88 while 0 analysts have recommended the shares as “BUY”, 5 recommended as “OUTPERFORM” and 19 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 1.32B by 18 analysts. The means estimate of sales for the year ending Dec-16 is 5.31B by 19 analysts.

The mean price target for the shares of M&T Bank Corporation (MTB) is at 122.09 while the highest price target suggested by the analysts is 131.00 and low price target is 110.00. The mean price target is calculated keeping in view the consensus of 23 brokerage firms.

The average estimate of EPS for the current fiscal quarter for M&T Bank Corporation (MTB)  stands at 2.08 while the EPS for the current year is fixed at 8.24 by 17 analysts.

The next one year’s EPS estimate is set at 9.06 by 25 analysts while a year ago the analysts suggested the company’s EPS at 8.24. The analysts also projected the company’s long-term growth at 7.59% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, M&T Bank Corporation (MTB)  reported earnings of $1.82. The posted earnings missed the analyst’s consensus by $-0.02 with the surprise factor of -1.10%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On April 28, 2016 M&T Bank Corporation (MTB) announced that former New York State Assemblyman Paul A. Tokasz has been named Administrative Vice President of Government Relations.

“Paul’s knowledge and experience in government will help us strengthen our relationships with local, state and federal officials as we continue working together to create new jobs, finance economic development and support families and businesses in our communities,” said Mark J. Czarnecki, President of M&T Bank.

As the 143rd Assembly District member from 1988 until 2006, Tokasz represented residents of the towns and villages of Cheektowaga, Lancaster, Depew and Sloan. He was New York State Assembly Majority Leader from 2001 to 2006.