DA Davidson Forecasts Strong Price Appreciation for M&T Bank (NYSE:MTB) Stock

M&T Bank (NYSE:MTB - Free Report) had its price target hoisted by DA Davidson from $189.00 to $207.00 in a research note issued to investors on Thursday,Benzinga reports. DA Davidson currently has a neutral rating on the financial services provider's stock. DA Davidson also issued estimates for M&T Bank's Q3 2025 earnings at $4.44 EPS, FY2025 earnings at $16.66 EPS and FY2026 earnings at $18.96 EPS.

MTB has been the topic of a number of other reports. Robert W. Baird dropped their price target on M&T Bank from $220.00 to $200.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on M&T Bank from $212.50 to $186.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Truist Financial cut their target price on M&T Bank from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Barclays decreased their price target on 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. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of M&T Bank in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $212.88.

M&T Bank Stock Performance

MTB traded up $0.09 during trading hours on Thursday, hitting $196.28. 335,875 shares of the stock were exchanged, compared to its average volume of 1,198,119. The stock has a market cap of $31.51 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 1.35 and a beta of 0.63. The stock has a 50-day simple moving average of $188.64 and a 200-day simple moving average of $184.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.97. M&T Bank has a 12 month low of $150.75 and a 12 month high of $225.70.

M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $4.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.04 by $0.24. M&T Bank had a net margin of 20.44% and a return on equity of 10.35%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the firm posted $3.73 EPS. Analysts anticipate 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 was paid on Monday, June 30th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend was Monday, June 2nd. M&T Bank's dividend payout ratio is presently 34.97%.

Insiders Place Their Bets

In other news, Director Robert E. Sadler, Jr. sold 6,700 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $183.52, for a total value of $1,229,584.00. Following the completion of the sale, the director owned 23,070 shares of the company's stock, valued at approximately $4,233,806.40. The trade was a 22.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.53% of the company's stock.

Hedge Funds Weigh In On M&T Bank

A number of institutional investors have recently added to or reduced their stakes in MTB. Wellington Management Group LLP lifted its stake in shares of M&T Bank by 33.1% in the first quarter. Wellington Management Group LLP now owns 9,894,065 shares of the financial services provider's stock valued at $1,768,564,000 after buying an additional 2,460,315 shares in the last quarter. FMR LLC raised its position in M&T Bank by 14.3% in the 4th quarter. FMR LLC now owns 14,110,412 shares of the financial services provider's stock valued at $2,652,899,000 after buying an additional 1,761,014 shares during the last quarter. Norges Bank bought a new position in shares of M&T Bank during the fourth quarter valued at about $317,690,000. Nuveen LLC purchased a new stake in M&T Bank in the 1st quarter valued at about $243,451,000. Finally, GAMMA Investing LLC lifted its position in shares of M&T Bank by 18,471.2% during the 1st quarter. GAMMA Investing LLC now owns 705,705 shares of the financial services provider's stock worth $126,145,000 after buying an additional 701,905 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors and hedge funds.

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.