Q2 Earnings Forecast for M&T Bank Issued By Zacks Research

Key Points

• Analysts at Zacks Research have revised their Q2 2026 earnings estimate for M&T Bank to $4.63 per share, indicating an increase from the previous estimate of $4.62.
• M&T Bank recently increased its quarterly dividend to $1.50 per share from $1.35, reflecting a 3.3% dividend yield based on an annualized amount of $6.00.
• Various analysts have raised their target prices for M&T Bank's stock, with Evercore ISI now setting the target at $225.00, while most analysts have given the stock a consensus rating of "Moderate Buy."

M&T Bank Corporation (NYSE:MTB - Free Report) - Investment analysts at Zacks Research lifted their Q2 2026 earnings estimates for M&T Bank in a research report issued to clients and investors on Thursday, October 9th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $4.63 for the quarter, up from their prior estimate of $4.62. The consensus estimate for M&T Bank's current full-year earnings is $16.57 per share. Zacks Research also issued estimates for M&T Bank's Q1 2027 earnings at $4.71 EPS and Q2 2027 earnings at $5.03 EPS.

M&T Bank (NYSE:MTB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 9th. The financial services provider reported $3.54 earnings per share (EPS) for the quarter. The company had revenue of $1.54 billion for the quarter. M&T Bank had a net margin of 20.44% and a return on equity of 10.35%.

Other equities research analysts have also recently issued research reports about the stock. Evercore ISI raised their target price on shares of M&T Bank from $222.00 to $225.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 30th. UBS Group raised their target price on shares of M&T Bank from $207.00 to $208.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 7th. Wells Fargo & Company raised their target price on shares of M&T Bank from $175.00 to $185.00 and gave the stock an "underweight" rating in a research note on Thursday, July 17th. Jefferies Financial Group raised their target price on shares of M&T Bank from $220.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Finally, Cantor Fitzgerald assumed coverage on shares of M&T Bank in a research note on Wednesday, September 10th. They set an "overweight" rating and a $228.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $216.18.

M&T Bank Stock Performance

MTB opened at $180.66 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The company has a market cap of $28.23 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 0.90 and a beta of 0.62. The company's 50 day moving average is $195.21 and its 200 day moving average is $186.18. M&T Bank has a 12-month low of $150.75 and a 12-month high of $225.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MTB. Wellington Management Group LLP grew its holdings 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 purchasing an additional 2,460,315 shares in the last quarter. Nuveen LLC purchased a new position in shares of M&T Bank in the first quarter valued at $243,451,000. Invesco Ltd. grew its holdings in shares of M&T Bank by 15.2% in the first quarter. Invesco Ltd. now owns 3,552,666 shares of the financial services provider's stock valued at $635,039,000 after purchasing an additional 468,758 shares in the last quarter. Canoe Financial LP grew its holdings in shares of M&T Bank by 24,443.7% in the second quarter. Canoe Financial LP now owns 295,506 shares of the financial services provider's stock valued at $57,325,000 after purchasing an additional 294,302 shares in the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of M&T Bank by 390.5% in the first quarter. Brandywine Global Investment Management LLC now owns 349,506 shares of the financial services provider's stock valued at $62,474,000 after purchasing an additional 278,246 shares in the last quarter. 84.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John P. Barnes sold 15,000 shares of M&T Bank stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $199.79, for a total transaction of $2,996,850.00. Following the sale, the director owned 17,866 shares in the company, valued at $3,569,448.14. This trade represents a 45.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter D'arcy sold 2,461 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $197.31, for a total transaction of $485,579.91. Following the completion of the transaction, the executive vice president directly owned 9,319 shares of the company's stock, valued at approximately $1,838,731.89. This trade represents a 20.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,738 shares of company stock worth $3,734,612 over the last quarter. Insiders own 0.53% of the company's stock.

M&T Bank Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.50 per share. The ex-dividend date was Tuesday, September 2nd. This is an increase from M&T Bank's previous quarterly dividend of $1.35. This represents a $6.00 annualized dividend and a dividend yield of 3.3%. M&T Bank's dividend payout ratio (DPR) is 38.86%.

M&T Bank Company Profile

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.

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