M&T Bank Corporation (NYSE:MTB) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts consensus: M&T has an average rating of "Hold" from 21 analysts (1 sell, 12 hold, 7 buy, 1 strong buy) and an average 12‑month target of $232.87, with several firms (JPMorgan, Cantor Fitzgerald, Citi) recently raising targets.
• Quarterly results showed an EPS beat at $4.72 (vs. $4.47 est.) but revenue missed at $1.79B (vs. $2.47B); the stock trades around $195.99 with a P/E of 11.49 and a 1‑year range of $150.75–$239.00.
• M&T declared a quarterly dividend of $1.50 (annualized $6.00) for a ~3.1% yield, ex‑dividend on March 2 and payable March 31, while insiders sold about 49,092 shares (~$11.18M) in the last 90 days.

M&T Bank Corporation (NYSE:MTB - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty-one analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $232.8684.

Several research firms have commented on MTB. Citigroup raised their target price on shares of M&T Bank from $215.00 to $225.00 and gave the company a "neutral" rating in a research note on Friday, January 2nd. JPMorgan Chase & Co. increased their price objective on shares of M&T Bank from $217.00 to $244.50 and gave the company a "neutral" rating in a report on Monday, February 9th. Cantor Fitzgerald raised their price objective on shares of M&T Bank from $238.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, March 3rd. Robert W. Baird boosted their target price on M&T Bank from $225.00 to $230.00 and gave the stock an "outperform" rating in a report on Thursday, December 18th. Finally, Bank of America restated a "neutral" rating and issued a $225.00 target price on shares of M&T Bank in a research report on Wednesday, January 7th.

M&T Bank Trading Down 0.5%

NYSE:MTB opened at $195.99 on Friday. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.86 and a beta of 0.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 0.96. M&T Bank has a 1 year low of $150.75 and a 1 year high of $239.00. The business has a fifty day moving average of $218.03 and a 200-day moving average of $202.46.

M&T Bank (NYSE:MTB - Get Free Report) last issued its quarterly earnings data on Friday, January 16th. The financial services provider reported $4.72 earnings per share for the quarter, beating analysts' consensus estimates of $4.47 by $0.25. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $2.47 billion. M&T Bank had a net margin of 21.55% and a return on equity of 10.94%. During the same period in the previous year, the business earned $3.77 earnings per share. Equities analysts predict that M&T Bank will post 16.57 earnings per share for the current year.

M&T Bank Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd will be issued a $1.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $6.00 annualized dividend and a dividend yield of 3.1%. M&T Bank's dividend payout ratio is 35.19%.

Insider Transactions at M&T Bank

In other M&T Bank news, Director John P. Barnes sold 21,193 shares of the company's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $235.85, for a total value of $4,998,369.05. Following the completion of the sale, the director directly owned 15,142 shares of the company's stock, valued at approximately $3,571,240.70. This represents a 58.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kirk W. Walters sold 909 shares of the firm's stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $227.37, for a total transaction of $206,679.33. Following the transaction, the director owned 5,976 shares of the company's stock, valued at approximately $1,358,763.12. This trade represents a 13.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 49,092 shares of company stock worth $11,182,250. Corporate insiders own 0.44% of the company's stock.

Institutional Trading of M&T Bank

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Jackson Hole Trust boosted its holdings in M&T Bank by 342.9% during the third quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider's stock worth $31,000 after buying an additional 120 shares in the last quarter. Triumph Capital Management bought a new position in shares of M&T Bank in the third quarter valued at $32,000. Elyxium Wealth LLC bought a new position in shares of M&T Bank in the fourth quarter valued at $33,000. Ameriflex Group Inc. lifted its position in shares of M&T Bank by 82.4% during the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 84 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of M&T Bank during the 2nd quarter valued at $36,000. 84.68% of the stock is owned by institutional investors and hedge funds.

About M&T Bank

M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.

Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.

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