Barclays Reaffirms Their Hold Rating on M&T Bank (MTB)
Barclays analyst Jason Goldberg maintained a Hold rating on M&T Bank today and set a price target of $236.00.
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According to TipRanks, Goldberg is a 5-star analyst with an average return of 14.7% and a 70.02% success rate. Goldberg covers the Financial sector, focusing on stocks such as Citigroup, Truist Financial, and KeyCorp.
M&T Bank has an analyst consensus of Hold, with a price target consensus of $230.73.
Based on M&T Bank’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.23 billion and a net profit of $664 million. In comparison, last year the company earned a revenue of $3.17 billion and had a net profit of $584 million
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTB in relation to earlier this year. Earlier this month, John R. Taylor, the EVP and Controller of MTB sold 1,098.00 shares for a total of $256,086.54.
