Zacks Research Has Strong Forecast for M&T Bank Q1 Earnings

Key Points

• Zacks Research has increased its Q1 2026 earnings per share estimate for M&T Bank from $3.93 to $3.96, with full-year earnings now projected at $16.57 per share.
• M&T Bank recently declared a quarterly dividend of $1.50 per share, marking an increase from the previous $1.35 dividend, resulting in an annualized yield of 3.2%.
• Multiple analysts have raised their target prices for M&T Bank, with the average consensus target now at $216.18, reflecting a variety of ratings including "Buy" and "Neutral."

M&T Bank Corporation (NYSE:MTB - Free Report) - Analysts at Zacks Research lifted their Q1 2026 EPS estimates for shares of M&T Bank in a report released on Thursday, October 9th. Zacks Research analyst Team now expects that the financial services provider will post earnings per share of $3.96 for the quarter, up from their prior estimate of $3.93. 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 Q3 2026 earnings at $4.83 EPS, Q4 2026 earnings at $4.96 EPS and FY2026 earnings at $18.38 EPS.

MTB has been the subject of several other research reports. DA Davidson boosted their target price on M&T Bank from $189.00 to $207.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. UBS Group raised their price objective on shares of M&T Bank from $207.00 to $208.00 and gave the stock a "neutral" rating in a report on Tuesday. Cantor Fitzgerald started coverage on shares of M&T Bank in a report on Wednesday, September 10th. They issued an "overweight" rating and a $228.00 target price for the company. Wells Fargo & Company increased their target price on shares of M&T Bank from $175.00 to $185.00 and gave the company an "underweight" rating in a research report on Thursday, July 17th. Finally, Citigroup lifted their price target on shares of M&T Bank from $200.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $216.18.

M&T Bank Stock Down 0.1%

Shares of NYSE MTB opened at $187.92 on Friday. M&T Bank has a 1 year low of $150.75 and a 1 year high of $225.70. The company has a market capitalization of $29.37 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 0.92 and a beta of 0.62. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day moving average of $195.30 and a two-hundred day moving average of $186.12.

M&T Bank (NYSE:MTB - Get Free Report) last issued its earnings results on Wednesday, July 16th. The financial services provider reported $4.28 EPS for the quarter, topping analysts' consensus estimates of $4.04 by $0.24. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.39 billion. M&T Bank had a net margin of 20.44% and a return on equity of 10.35%. During the same quarter in the previous year, the firm posted $3.73 earnings per share.

M&T Bank Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 2nd were paid a dividend of $1.50 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $6.00 dividend on an annualized basis and a yield of 3.2%. This is an increase from M&T Bank's previous quarterly dividend of $1.35. M&T Bank's dividend payout ratio (DPR) is currently 38.86%.

Insiders Place Their Bets

In related news, EVP Peter D'arcy sold 2,461 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $197.31, for a total transaction of $485,579.91. Following the transaction, the executive vice president owned 9,319 shares of the company's stock, valued at $1,838,731.89. This trade represents a 20.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John P. Barnes sold 15,000 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $199.79, for a total value of $2,996,850.00. Following the completion of the transaction, the director owned 17,866 shares in the company, valued at $3,569,448.14. This trade represents a 45.64% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,738 shares of company stock valued at $3,734,612. Insiders own 0.53% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wealth Preservation Advisors LLC acquired a new stake in shares of M&T Bank during the first quarter worth $25,000. WPG Advisers LLC acquired a new stake in shares of M&T Bank in the 1st quarter worth $25,000. Golden State Wealth Management LLC boosted its holdings in shares of M&T Bank by 2,214.3% in the second quarter. Golden State Wealth Management LLC now owns 162 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 155 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in M&T Bank during the second quarter worth about $36,000. Finally, Grove Bank & Trust lifted its position in M&T Bank by 104.6% in the first quarter. Grove Bank & Trust now owns 223 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 84.68% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.