M&T Bank (NYSE:MTB) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies Financial Group raised its price target on M&T Bank to $265 (from $255) and kept a buy rating, implying roughly a 25.9% upside from the prior close.
• Analyst sentiment is mixed: the MarketBeat consensus is a "Hold" with an average target of $232.87 (1 Strong Buy, 7 Buy, 12 Hold, 1 Sell).
• M&T reported EPS $4.72 (beating estimates) but revenue missed at $1.79B versus $2.47B expected, and insiders recently sold about 49,092 shares (~$11.18M), leaving insider ownership at 0.53%.

M&T Bank (NYSE:MTB - Get Free Report) had its price target boosted by investment analysts at Jefferies Financial Group from $255.00 to $265.00 in a research report issued on Thursday,MarketScreener reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Jefferies Financial Group's price target indicates a potential upside of 25.93% from the stock's previous close.

A number of other analysts have also recently commented on MTB. Wall Street Zen upgraded M&T Bank from a "sell" rating to a "hold" rating in a research report on Saturday. Piper Sandler raised their price target on shares of M&T Bank from $225.00 to $235.00 in a research note on Friday, January 16th. Wells Fargo & Company lifted their price target on shares of M&T Bank from $185.00 to $205.00 and gave the stock an "underweight" rating in a report on Monday, January 5th. Barclays boosted their price objective on shares of M&T Bank from $220.00 to $236.00 and gave the company an "equal weight" rating in a research report on Monday, January 5th. Finally, UBS Group upped their price objective on shares of M&T Bank from $217.00 to $230.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $232.87.

M&T Bank Price Performance

Shares of NYSE:MTB opened at $210.43 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.96 and a current ratio of 0.96. The business's fifty day moving average price is $219.16 and its two-hundred day moving average price is $202.30. The stock has a market cap of $31.35 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.95 and a beta of 0.58. M&T Bank has a one year low of $150.75 and a one year high of $239.00.

M&T Bank (NYSE:MTB - Get Free Report) last released its quarterly earnings results on Friday, January 16th. The financial services provider reported $4.72 earnings per share for the quarter, topping analysts' consensus estimates of $4.47 by $0.25. M&T Bank had a return on equity of 10.94% and a net margin of 21.55%.The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same period in the previous year, the firm posted $3.77 earnings per share. On average, analysts forecast that M&T Bank will post 16.57 EPS for the current fiscal year.

Insider Buying and Selling at M&T Bank

In related news, Director John P. Barnes sold 21,193 shares of the stock in a transaction on Monday, February 9th. The stock was 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 in the company, valued at approximately $3,571,240.70. This represents a 58.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $206,679.33. Following the completion of the transaction, the director directly owned 5,976 shares in the company, valued at $1,358,763.12. This trade represents a 13.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 49,092 shares of company stock worth $11,182,250. 0.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On M&T Bank

Several institutional investors and hedge funds have recently modified their holdings of MTB. Canoe Financial LP boosted its stake in shares of M&T Bank by 46.8% during the 3rd quarter. Canoe Financial LP now owns 433,679 shares of the financial services provider's stock valued at $85,704,000 after buying an additional 138,173 shares during the last quarter. LSV Asset Management increased its stake in shares of M&T Bank by 19.9% in the third quarter. LSV Asset Management now owns 342,400 shares of the financial services provider's stock worth $67,665,000 after buying an additional 56,750 shares during the last quarter. Plato Investment Management Ltd increased its stake in shares of M&T Bank by 54.3% in the third quarter. Plato Investment Management Ltd now owns 8,251 shares of the financial services provider's stock worth $1,618,000 after buying an additional 2,905 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its holdings in M&T Bank by 120.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 17,925 shares of the financial services provider's stock valued at $3,542,000 after acquiring an additional 9,788 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in M&T Bank by 19.1% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 86,731 shares of the financial services provider's stock valued at $17,140,000 after acquiring an additional 13,889 shares during the last quarter. Hedge funds and other institutional investors own 84.68% of the company's stock.

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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