M&T Bank (MTB) – Investment Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for M&T Bank (NYSE: MTB):

• 1/17/2025 – M&T Bank had its price target raised by analysts at DA Davidson from $222.00 to $223.00. They now have a “neutral” rating on the stock.
• 1/17/2025 – M&T Bank had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $236.00 price target on the stock, up previously from $233.00.
• 1/7/2025 – M&T Bank is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $233.00 price target on the stock.
• 1/6/2025 – M&T Bank had its price target raised by analysts at Barclays PLC from $228.00 to $235.00. They now have an “equal weight” rating on the stock.
• 12/10/2024 – M&T Bank had its price target raised by analysts at Compass Point from $220.00 to $250.00. They now have a “neutral” rating on the stock.
• 12/4/2024 – M&T Bank had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $223.50 price target on the stock, up previously from $215.00.
• 12/4/2024 – M&T Bank had its price target raised by analysts at Keefe, Bruyette & Woods from $205.00 to $221.00. They now have a “market perform” rating on the stock.
• 11/27/2024 – M&T Bank had its price target raised by analysts at Piper Sandler from $205.00 to $243.00. They now have an “overweight” rating on the stock.
• 11/26/2024 – M&T Bank had its price target raised by analysts at The Goldman Sachs Group, Inc. from $216.00 to $243.00. They now have a “neutral” rating on the stock.
• 11/25/2024 – M&T Bank was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $230.00 price target on the stock, up previously from $220.00.

M&T Bank Stock Performance

NYSE MTB traded up $0.78 on Friday, hitting $196.88. 2,029,408 shares of the stock were exchanged, compared to its average volume of 1,476,269. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.99 and a quick ratio of 0.99. The business’s fifty day moving average is $202.66 and its 200 day moving average is $183.16. The company has a market capitalization of $32.67 billion, a PE ratio of 14.57, a P/E/G ratio of 2.16 and a beta of 0.79. M&T Bank Co. has a 52 week low of $128.31 and a 52 week high of $225.70.

M&T Bank (NYSE:MTB) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.22. M&T Bank had a return on equity of 9.52% and a net margin of 17.82%. During the same quarter in the previous year, the firm earned $2.74 earnings per share. Research analysts anticipate that M&T Bank Co. will post 14.58 EPS for the current fiscal year.

M&T Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 2nd were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.74%. The ex-dividend date was Monday, December 2nd. M&T Bank’s payout ratio is presently 39.97%.

Insider Transactions at M&T Bank

In other M&T Bank news, Vice Chairman Gary N. Geisel sold 2,490 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $215.89, for a total transaction of $537,566.10. Following the completion of the transaction, the insider now owns 16,429 shares in the company, valued at approximately $3,546,856.81. This trade represents a 13.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Tracy S. Woodrow sold 2,121 shares of M&T Bank stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $220.75, for a total transaction of $468,210.75. Following the transaction, the executive vice president now directly owns 5,141 shares of the company’s stock, valued at $1,134,875.75. This represents a 29.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,994 shares of company stock valued at $17,211,278. 0.82% of the stock is currently owned by insiders.

Institutional Trading of M&T Bank

Hedge funds have recently modified their holdings of the stock. Plato Investment Management Ltd lifted its holdings in shares of M&T Bank by 2,300.0% in the 3rd quarter. Plato Investment Management Ltd now owns 168 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 161 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in M&T Bank during the 3rd quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its stake in M&T Bank by 54.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 193 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in M&T Bank by 329.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 206 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 158 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of M&T Bank in the third quarter valued at approximately $44,000. Institutional investors own 84.68% of the company’s stock.

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.