Analyst Price Target Update on M&T Bank Corporation (NYSE:MTB)

M&T Bank Corporation (NYSE:MTB): The stock price is expected to reach $ 122.14 in the short term. The number of analysts agreeing with this consensus is 14. The higher estimate for the short term price target is at $130 while the lower estimate is at $115. The standard deviation of the price stands at $4.45.

Many analysts have stated their opinion on the company shares. Major Brokerage house, Deutsche Bank downgrades its ratings on M&T Bank Corporation (NYSE:MTB). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 22, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The officer (Executive Vice President), of M&T Bank Corp, Bojdak Robert J had unloaded 1,703 shares at $117.1 per share in a transaction on June 3, 2016. The total value of transaction was $199,421. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

M&T Bank Corporation (NYSE:MTB) : On Monday heightened volatility was witnessed in M&T Bank Corporation (NYSE:MTB) which led to swings in the share price. The stock opened for trading at $117.14 and hit $118.97 on the upside , eventually ending the session at $117.69, with a gain of 0.12% or 0.14 points. The heightened volatility saw the trading volume jump to 1,136,150 shares. The 52-week high of the share price is $134 and the company has a market cap of $18,713 million. The 52-week low of the share price is at $100.075 .

M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Companys segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit, lending, cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities, loans and other assets, and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches, and 1,600 automated teller machines.

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