Analysts Offer Insights on Financial Companies: M&T Bank (MTB), Cnb Financial (CCNE) and FB Financial (FBK)

Analysts fell to the sidelines weighing in on M&T Bank (MTB – Research Report), Cnb Financial (CCNE – Research Report) and FB Financial (FBK – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

M&T Bank (MTB)

KBW analyst David Konrad maintained a Hold rating on M&T Bank yesterday and set a price target of $170.00. The company’s shares closed last Monday at $140.94.

According to TipRanks.com, Konrad is a 5-star analyst with an average return of 20.9% and a 76.6% success rate. Konrad covers the Financial sector, focusing on stocks such as Huntington Bancshares, JPMorgan Chase & Co., and Fifth Third Bancorp.

M&T Bank has an analyst consensus of Moderate Buy, with a price target consensus of $161.18, which is a 15.2% upside from current levels. In a report issued on April 4, J.P. Morgan also maintained a Hold rating on the stock with a $170.00 price target.

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Cnb Financial (CCNE)

KBW analyst Tim Switzer maintained a Hold rating on Cnb Financial yesterday and set a price target of $23.00. The company’s shares closed last Monday at $19.01.

According to TipRanks.com, Switzer is a 2-star analyst with an average return of -1.7% and a 40.0% success rate. Switzer covers the Financial sector, focusing on stocks such as First Mid-Illinois Bancshares, Farmers National Banc Oh, and CB Financial Services.

Currently, the analyst consensus on Cnb Financial is a Hold with an average price target of $23.00.

FB Financial (FBK)

In a report released yesterday, Catherine Mealor from KBW maintained a Hold rating on FB Financial, with a price target of $38.00. The company’s shares closed last Monday at $34.63.

According to TipRanks.com, Mealor is a 5-star analyst with an average return of 12.2% and a 61.8% success rate. Mealor covers the Financial sector, focusing on stocks such as Pinnacle Financial Partners, Southern States Bancshares, and Atlantic Union Bankshares.

The word on The Street in general, suggests a Hold analyst consensus rating for FB Financial with a $39.67 average price target.

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Read More on MTB:

• M&T Bank Updates Investor Presentation with Financial Outlook
• Options Volatility and Implied Earnings Moves Today, April 15, 2024
• M&T Bank Corporation (NYSE:MTB) announces first quarter 2024 results
• MTB Earnings this Week: How Will it Perform?
• M&T Bank price target lowered to $151 from $154 at Jefferies