EPS for Southern National Bancorp of Virginia, Inc. (SONA) Expected At $0.27; United Services Automobile Association Has Lowered M&T Bank (MTB) Holding By $2.98 Million

April 19, 2018 - By Louis Casey

M&T Bank Corporation (NYSE:MTB) Logo

United Services Automobile Association decreased M&T Bank Corp (MTB) stake by 14.66% reported in 2017Q4 SEC filing. United Services Automobile Association sold 17,536 shares as M&T Bank Corp (MTB)’s stock rose 4.19%. The United Services Automobile Association holds 102,122 shares with $17.46 million value, down from 119,658 last quarter. M&T Bank Corp now has $26.44B valuation. The stock increased 0.35% or $0.62 during the last trading session, reaching $178.05. About 1.06 million shares traded or 47.87% up from the average. M&T Bank Corporation (NYSE:MTB) has risen 16.97% since April 19, 2017 and is uptrending. It has outperformed by 5.42% the S&P500.

Analysts expect Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) to report $0.27 EPS on April, 26.They anticipate $0.08 EPS change or 42.11% from last quarter’s $0.19 EPS. SONA’s profit would be $6.48M giving it 14.81 P/E if the $0.27 EPS is correct. After having $0.26 EPS previously, Southern National Bancorp of Virginia, Inc.’s analysts see 3.85% EPS growth. The stock increased 0.31% or $0.05 during the last trading session, reaching $15.99. About 24,133 shares traded. Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) has declined 6.03% since April 19, 2017 and is downtrending. It has underperformed by 17.58% the S&P500.

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.64, from 1.88 in 2017Q3. It is negative, as 8 investors sold Southern National Bancorp of Virginia, Inc. shares while 21 reduced holdings. 9 funds opened positions while 27 raised stakes. 16.22 million shares or 0.14% more from 16.19 million shares in 2017Q3 were reported. Blackrock holds 1.08M shares. Bokf Na reported 14,639 shares or 0.01% of all its holdings. Bridgeway Mngmt invested 0.01% of its portfolio in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA). Jfs Wealth Advsr Limited Liability accumulated 1,000 shares. 693 were accumulated by Us Bankshares De. Wilbanks Smith Thomas Asset Mngmt holds 89,108 shares. Franklin has invested 0% of its portfolio in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA). Deutsche National Bank Ag accumulated 207,082 shares. Geode Cap Lc accumulated 182,575 shares. First Manhattan reported 0.02% stake. Moreover, Foundry Prtn Ltd Co has 0.12% invested in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) for 181,875 shares. The Illinois-based Northern has invested 0% in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA). Haverford reported 0% of its portfolio in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA). Wells Fargo & Mn reported 50,597 shares stake. New York-based Fincl Bank Of Ny Mellon Corporation has invested 0% in Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA).

Since January 11, 2018, it had 10 buys, and 0 sales for $381,320 activity. $9,969 worth of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) shares were bought by Johnson Eric Alan. Biagas John Fitzgerald bought $9,986 worth of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) on Monday, March 12. $32,200 worth of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) was bought by LAGOS WILLIAM H. Shares for $26,096 were bought by KABBASH CHARLES A. STEVENS WILLIAM H also bought $13,800 worth of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) shares. $18,400 worth of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) shares were bought by Baker Thomas Preston. $24,930 worth of Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) shares were bought by Clagett Robert Yates.

Southern National Bancorp of Virginia, Inc. operates as the bank holding firm for Sonabank that provides commercial banking services to middle market corporate clients and retail clients in the United States. The company has market cap of $383.52 million. The Company’s deposit products include non-interest-bearing and interest-bearing checking, commercial checking, money market, and savings accounts, as well as certificates of deposit. It has a 123 P/E ratio. The companyÂ’s loan portfolio comprises commercial mortgage and non-mortgage loans, including commercial real estate loans, construction to permanent loans, development and builder loans, accounts receivable financing, lines of credit, equipment and vehicle loans, leasing, and commercial overdraft protection; construction loans for commercial, multifamily, and other non-residential properties; commercial business loans, such as lines of credit, revolving credit facilities, demand loans, term loans, equipment loans, small business administration loans, stand-by letters of credit, and unsecured loans; residential mortgage lending; and secured and unsecured consumer loans.

Among 26 analysts covering M&T Bank (NYSE:MTB), 5 have Buy rating, 4 Sell and 17 Hold. Therefore 19% are positive. M&T Bank had 92 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Tuesday, December 12 with “Hold”. The company was maintained on Thursday, October 1 by Wood. The firm has “Overweight” rating by Barclays Capital given on Tuesday, October 20. On Friday, October 7 the stock rating was initiated by Wedbush with “Neutral”. The firm earned “Neutral” rating on Thursday, August 20 by Sterne Agee CRT. Piper Jaffray maintained the shares of MTB in report on Monday, April 16 with “Hold” rating. As per Monday, October 9, the company rating was maintained by Citigroup. The firm earned “Neutral” rating on Tuesday, April 17 by Wedbush. Citigroup maintained M&T Bank Corporation (NYSE:MTB) rating on Wednesday, October 21. Citigroup has “Neutral” rating and $122 target. The stock has “Buy” rating by RBC Capital Markets on Wednesday, April 5.

Investors sentiment decreased to 0.81 in 2017 Q4. Its down 0.28, from 1.09 in 2017Q3. It worsened, as 41 investors sold MTB shares while 198 reduced holdings. 57 funds opened positions while 137 raised stakes. 112.08 million shares or 0.32% less from 112.44 million shares in 2017Q3 were reported. Hardman Johnston Advsr Limited Liability Company holds 0.1% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 13,130 shares. Fjarde Ap has invested 0.11% in M&T Bank Corporation (NYSE:MTB). Goldman Sachs Grp, New York-based fund reported 810,945 shares. Fred Alger Mngmt has 25 shares for 0% of their portfolio. Forte Cap Limited Liability Corporation Adv has 0.07% invested in M&T Bank Corporation (NYSE:MTB). Qs Invsts Llc reported 1,672 shares. Ohio-based Farmers has invested 0.28% in M&T Bank Corporation (NYSE:MTB). General Investors owns 110,000 shares. Fuller & Thaler Asset Management Inc has invested 0% in M&T Bank Corporation (NYSE:MTB). Rhumbline Advisers invested in 265,868 shares. Magnetar Ltd Liability Corp accumulated 0.02% or 3,582 shares. Reilly Advsrs Limited Com stated it has 0% in M&T Bank Corporation (NYSE:MTB). New York State Common Retirement Fund has 319,900 shares for 0.07% of their portfolio. Basswood Cap Management Ltd has 0.05% invested in M&T Bank Corporation (NYSE:MTB). Fenimore Asset Management Inc has invested 2.31% of its portfolio in M&T Bank Corporation (NYSE:MTB).

M&T Bank Corporation (NYSE:MTB) Institutional Positions Chart

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