Wedbush Increases M&T Bank (NYSE:MTB) Price Target to $210.00

M&T Bank (NYSE:MTB) had its price objective boosted by equities researchers at Wedbush from $208.00 to $210.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Wedbush’s price target points to a potential upside of 21.63% from the stock’s current price. Wedbush also issued estimates for M&T Bank’s Q1 2025 earnings at $3.55 EPS, Q2 2025 earnings at $3.96 EPS, Q3 2025 earnings at $4.19 EPS, Q4 2025 earnings at $4.30 EPS, FY2025 earnings at $16.00 EPS and FY2026 earnings at $17.85 EPS.

A number of other analysts have also recently commented on MTB. Keefe, Bruyette & Woods upped their price target on M&T Bank from $170.00 to $180.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. Wells Fargo & Company downgraded shares of M&T Bank from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $170.00 to $165.00 in a research note on Thursday, August 15th. Royal Bank of Canada lifted their price target on shares of M&T Bank from $160.00 to $174.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Evercore ISI upped their price objective on shares of M&T Bank from $157.00 to $168.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. raised M&T Bank from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $183.00 to $215.00 in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, M&T Bank currently has an average rating of “Hold” and an average target price of $178.35.

M&T Bank Price Performance

Shares of MTB stock opened at $172.66 on Tuesday. The firm’s 50 day moving average price is $168.09 and its two-hundred day moving average price is $154.06. The stock has a market cap of $28.81 billion, a PE ratio of 11.67, a PEG ratio of 3.55 and a beta of 0.76. M&T Bank has a 52-week low of $108.53 and a 52-week high of $180.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.00.

M&T Bank (NYSE:MTB) last announced its quarterly earnings data on Thursday, July 18th. The financial services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.23. The business had revenue of $3.37 billion during the quarter, compared to analysts’ expectations of $2.27 billion. M&T Bank had a return on equity of 9.62% and a net margin of 17.84%. During the same period in the previous year, the firm earned $5.12 earnings per share. As a group, analysts forecast that M&T Bank will post 14.23 EPS for the current year.

Insider Activity at M&T Bank

In other M&T Bank news, Director Denis J. Salamone sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $172.03, for a total value of $1,720,300.00. Following the completion of the transaction, the director now directly owns 44,902 shares in the company, valued at $7,724,491.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Robert E. Sadler, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $172.23, for a total value of $172,230.00. Following the completion of the sale, the director now directly owns 31,796 shares in the company, valued at approximately $5,476,225.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denis J. Salamone sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $172.03, for a total value of $1,720,300.00. Following the transaction, the director now directly owns 44,902 shares in the company, valued at approximately $7,724,491.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,699 shares of company stock valued at $5,115,349. 0.82% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. General Partner Inc. bought a new stake in shares of M&T Bank during the 1st quarter valued at $27,000. Fidelis Capital Partners LLC acquired a new position in shares of M&T Bank in the first quarter worth approximately $30,000. Oakworth Capital Inc. bought a new stake in shares of M&T Bank in the 2nd quarter valued at $35,000. Versant Capital Management Inc boosted its position in M&T Bank by 82.7% during the second quarter. Versant Capital Management Inc now owns 444 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 201 shares during the last quarter. Finally, Bank & Trust Co bought a new stake in shares of M&T Bank during the 2nd quarter valued at about $70,000. 84.68% of the stock is owned by institutional investors and hedge funds.

About M&T Bank

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.