M&T Bank (NYSE:MTB) Price Target Lowered to $189.00 at DA Davidson

M&T Bank (NYSE:MTB - Free Report) had its price objective cut by DA Davidson from $205.00 to $189.00 in a report issued on Tuesday,Benzinga reports. They currently have a neutral rating on the financial services provider's stock. DA Davidson also issued estimates for M&T Bank's Q2 2025 earnings at $3.94 EPS, FY2025 earnings at $15.89 EPS and FY2026 earnings at $18.26 EPS.

A number of other equities research analysts also recently weighed in on the stock. Robert W. Baird reduced their price target on shares of M&T Bank from $220.00 to $200.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley cut their target price on shares of M&T Bank from $269.00 to $253.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Truist Financial reduced their price objective on shares of M&T Bank from $236.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. lowered their price objective on shares of M&T Bank from $212.50 to $186.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Wells Fargo & Company dropped their price objective on M&T Bank from $205.00 to $185.00 and set an "underweight" rating on the stock in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $208.14.

M&T Bank Price Performance

Shares of M&T Bank stock traded up $1.19 on Tuesday, reaching $160.09. 1,105,142 shares of the stock were exchanged, compared to its average volume of 1,111,223. The firm's 50 day moving average is $177.25 and its 200-day moving average is $191.23. The firm has a market cap of $26.30 billion, a PE ratio of 10.94, a P/E/G ratio of 1.38 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.99 and a current ratio of 0.98. M&T Bank has a one year low of $139.78 and a one year high of $225.70.

M&T Bank (NYSE:MTB - Get Free Report) last issued its quarterly earnings results on Monday, April 14th. The financial services provider reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($0.03). M&T Bank had a net margin of 19.24% and a return on equity of 10.12%. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the business posted $3.09 EPS. As a group, analysts anticipate that M&T Bank will post 16.57 EPS for the current fiscal year.

M&T Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 3rd were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Monday, March 3rd. M&T Bank's dividend payout ratio (DPR) is presently 36.17%.

M&T Bank declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 22nd that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 12.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In other news, EVP Christopher E. Kay sold 1,738 shares of M&T Bank stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $172.34, for a total transaction of $299,526.92. Following the completion of the sale, the executive vice president now owns 10,751 shares in the company, valued at approximately $1,852,827.34. This trade represents a 13.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On M&T Bank

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its holdings in shares of M&T Bank by 14.3% during the 4th quarter. FMR LLC now owns 14,110,412 shares of the financial services provider's stock worth $2,652,899,000 after acquiring an additional 1,761,014 shares during the last quarter. Norges Bank bought a new stake in M&T Bank during the fourth quarter worth about $317,690,000. GAMMA Investing LLC boosted its holdings in shares of M&T Bank by 18,471.2% in the 1st quarter. GAMMA Investing LLC now owns 705,705 shares of the financial services provider's stock worth $126,145,000 after purchasing an additional 701,905 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of M&T Bank by 22.3% during the 4th quarter. Nuveen Asset Management LLC now owns 1,567,270 shares of the financial services provider's stock valued at $294,662,000 after purchasing an additional 286,049 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of M&T Bank during the 4th quarter valued at about $48,939,000. Hedge funds and other institutional investors own 84.68% of the company's stock.

About M&T Bank

M&T Bank Corp. operates as a bank holding company, which engages in the provision of retail and commercial banking, trust, wealth management, and investment services. It operates through the following segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management, and All Other.