Jefferies Financial Group Reiterates "$225.00" Price Target for M&T Bank (NYSE:MTB)

M&T Bank (NYSE:MTB - Get Free Report) has been given a $225.00 target price by equities research analysts at Jefferies Financial Group in a research report issued on Wednesday, MarketBeat reports. The firm presently has a "buy" rating on the financial services provider's stock. Jefferies Financial Group's price target indicates a potential upside of 25.25% from the company's previous close.

MTB has been the subject of several other research reports. Piper Sandler decreased their price target on M&T Bank from $220.00 to $210.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. TD Cowen initiated coverage on M&T Bank in a research note on Thursday, May 15th. They set a "buy" rating and a $230.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded M&T Bank from a "hold" rating to a "buy" rating and set a $210.00 price target for the company in a report on Thursday, April 24th. Citigroup dropped their price objective on M&T Bank from $230.00 to $195.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Finally, Barclays reduced their price objective on shares of M&T Bank from $235.00 to $220.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, M&T Bank has an average rating of "Moderate Buy" and an average target price of $212.53.

M&T Bank Stock Down 0.5%

MTB stock traded down $0.98 during midday trading on Wednesday, hitting $179.64. 1,262,206 shares of the company's stock were exchanged, compared to its average volume of 1,145,009. The stock has a market capitalization of $28.83 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.38 and a beta of 0.58. The company has a current ratio of 0.98, a quick ratio of 0.99 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $172.12 and a 200-day moving average price of $188.62. M&T Bank has a 12-month low of $139.78 and a 12-month high of $225.70.

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

Insider Activity

In related news, EVP Christopher E. Kay sold 1,738 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $172.34, for a total value of $299,526.92. Following the completion of the transaction, the executive vice president now directly owns 10,751 shares in the company, valued at approximately $1,852,827.34. This represents a 13.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.

Institutional Trading of M&T Bank

A number of large investors have recently bought and sold shares of the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of M&T Bank in the 1st quarter valued at $25,000. WPG Advisers LLC acquired a new position in M&T Bank in the first quarter valued at about $25,000. Wood Tarver Financial Group LLC bought a new stake in M&T Bank during the fourth quarter worth about $29,000. Banque Transatlantique SA acquired a new stake in shares of M&T Bank during the fourth quarter worth approximately $38,000. Finally, Y.D. More Investments Ltd raised its stake in shares of M&T Bank by 122.6% in the fourth quarter. Y.D. More Investments Ltd now owns 207 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 114 shares during the last quarter. 84.68% of the stock is currently owned by institutional investors.

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.