News Review: M&T Bank Corporation (NYSE:MTB), Fifth Street Finance Corp. (NASDAQ:FSC)

M&T Bank Corporation (NYSE:MTB)

The company announced its last quarter financial performance results on 10/19/2016. M&T Bank Corporation (NYSE:MTB) belongs to Finance sector that surged 1.46% in value when last trading session closed at $153.5. The company has a market capitalization of $23.95 Billion. The company’s stock has a Return on Assets (ROA) of 1 percent, a Return on Equity (ROE) of 7.9 percent and Return on Investment (ROI) of 8.1 percent. The company reached its 52-Week high of $154.76 on Dec 8, 2016 and 52-Week low of $100.08 on Feb 11, 2016.

Earnings per share (ttm) for M&T Bank Corporation (NYSE:MTB) according to Finviz Data is $7.49.

The growth estimate for M&T Bank Corporation (NYSE:MTB) for the current quarter is 23 percent. The projected growth estimate for the next quarter is 9.8 percent. The company’s stock has grown by 6.13 percent in the past 5 years. For the next 5 years, the company is expected to grow by 6.73 percent.

This company was Initiated by Wedbush on 7-Oct-16  to Neutral.

The 22 analysts offering 12-month price forecasts for M&T Bank have a median target of 130.50, with a high estimate of 151.00 and a low estimate of 115.00. The median estimate represents a -14.98% decrease from the last price of 153.50.

Financial History:

Following Earnings result, share price were DOWN 15 times out of last 27 Qtrs. In the last 27 earnings reports, the company has topped earnings-per-share estimates 50% percent of times. It has met expectations  0 times and missed earnings  6  times.

The consensus recommendation for M&T Bank Corporation (NYSE:MTB) is 2.92. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The consensus recommendation 30 days ago for this company stood at 2.92. In comparison, the consensus recommendation 60 days ago was at 2.93, and 90 days ago was at 2.92 respectively.

Future Expectations:

When the current quarter ends, Wall Street expects M&T Bank Corporation to have earnings per share of $2.03.

Revenue is expected to range from 1.31 Billion to 1.33 Billion with an average of 1.32 Billion.

Company Profile:

M&T Bank Corp is a bank holding company.  They have two primary bank subsidiaries: Manufacturers and Traders Trust Company and M&T Bank, National Association.  The banks collectively offer a wide range of commercial banking, trust and investment services to their customers. From time to time, M&T Bank considers acquiring banks, thrift institutions, branch offices or other businesses within markets currently served or in other nearby markets.

Fifth Street Finance Corp. (NASDAQ:FSC):

Fifth Street Finance Corp. (NASDAQ:FSC) belongs to Finance sector closed its last session with a gain of 1.45 percent and closed its previous trading session at $5.59. According to Finviz reported data, the stock currently has Earnings per Share (EPS) (ttm) of $-0.41. The company has the Market capitalization of $814.41 Million. The company’s stock has a Return on Assets (ROA) of -2.7 percent, a Return on Equity (ROE) of -5.5 percent and Return on Investment (ROI) of 6 percent. The company reached its 52-Week high of $6.52 on Jan 6, 2016 and 52-Week low of $4.4 on Feb 24, 2016.

The growth estimate for Fifth Street Finance Corp. (NASDAQ:FSC) for the current quarter is 0 percent. The projected growth estimate for the next quarter is 5.9 percent. The company’s stock has grown by -7.96 percent in the past 5 years. For the next 5 years, the company is expected to grow by 1.55 percent.

This company was Downgrade by Maxim Group on 24-May-16 to Hold.

The 6 analysts offering 12-month price forecasts for Fifth Street Finance Corp have a median target of 6.00, with a high estimate of 6.50 and a low estimate of 5.00. The median estimate represents a +7.33% increase from the last price of 5.59.

Financial History:

Following Earnings result, share price were DOWN 14 times out of last 26 Qtrs. In the last 27 earnings reports, the company has topped earnings-per-share estimates 16% percent of times. It has met expectations  4  times and missed earnings  6  times.

The consensus recommendation for Fifth Street Finance Corp. (NASDAQ:FSC) is 2.67. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The consensus recommendation 30 days ago for this company stood at 2.71. In comparison, the consensus recommendation 60 days ago was at 2.71, and 90 days ago was at 2.67 respectively.

Future Expectations:

When the current quarter ends, Wall Street expects Fifth Street Finance Corp. to have earnings per share of $0.18.

Revenue is expected to range from 56.42 Million to 59.23 Million with an average of 58.43 Million.

Company Profile:

FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp.’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments and capital appreciation from its equity investments.