In a report released today, David Konrad from KBW maintained a Hold rating on M&T Bank (MTB – Research Report), with a price target of $221.00. The company’s shares closed last Friday at $175.59.

Konrad covers the Financial sector, focusing on stocks such as Citigroup, M&T Bank, and Bank of America. According to TipRanks, Konrad has an average return of 18.3% and a 67.21% success rate on recommended stocks.

M&T Bank has an analyst consensus of Moderate Buy, with a price target consensus of $222.45.

Based on M&T Bank’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.36 billion and a net profit of $681 million. In comparison, last year the company earned a revenue of $2.28 billion and had a net profit of $482.4 million

Based on the recent corporate insider activity of 112 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, Christopher Kay, the SEVP of MTB sold 1,738.00 shares for a total of $299,526.92.