M&T Bank (MTB) Gets a Hold from UBS
In a report released today, Erika Najarian from UBS assigned a Hold rating to M&T Bank, with a price target of $252.00.
4th of July Sale - 70% Off
- Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions.
- Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter.
According to TipRanks, Najarian is a 4-star analyst with an average return of 11.0% and a 60.61% success rate. Najarian covers the Financial sector, focusing on stocks such as PNC Financial, Citigroup, and Goldman Sachs Group.
In addition to UBS, M&T Bank also received a Hold from Evercore ISI’s John Pancari in a report issued yesterday. However, on the same day, Wells Fargo assigned a Sell rating to M&T Bank (NYSE: MTB).
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 88 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. Last month, John R. Taylor, the EVP and Controller of MTB sold 1,098.00 shares for a total of $256,086.54.
Read More on MTB:
