Free Trial
NYSE:MTB

M&T Bank (MTB) Stock Price, News & Analysis

$153.45
+1.19 (+0.78%)
(As of 03:02 PM ET)
Today's Range
$152.12
$153.54
50-Day Range
$134.56
$155.06
52-Week Range
$108.53
$156.65
Volume
262,128 shs
Average Volume
1.11 million shs
Market Capitalization
$25.60 billion
P/E Ratio
10.38
Dividend Yield
3.39%
Price Target
$158.48

M&T Bank MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
3.3% Upside
$158.48 Price Target
Short Interest
Healthy
1.64% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.65mentions of M&T Bank in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$19.71 M Sold Last Quarter
Proj. Earnings Growth
17.05%
From $14.02 to $16.41 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.88 out of 5 stars

Finance Sector

36th out of 830 stocks

State Commercial Banks Industry

9th out of 167 stocks

MTB stock logo

About M&T Bank Stock (NYSE:MTB)

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, commercial real estate loans, and credit facilities secured by various commercial real estate to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, and direct deposit services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, security brokerage, and administrative services; personal trust, planning, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. The company was founded in 1856 and is headquartered in Buffalo, New York.

MTB Stock Price History

MTB Stock News Headlines

John P. Barnes Sells 43,426 Shares of M&T Bank Co. (NYSE:MTB) Stock
Baltimore Ravens' 2024 schedule leaks tracker
See More Headlines
Receive MTB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for M&T Bank and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 3/29 Dividend
3/01/2024
Dividend Payable
3/29/2024
Last Earnings
4/15/2024
Today
5/21/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
CUSIP
55261F10
Employees
22,223
Year Founded
1856

Price Target and Rating

Average Stock Price Target
$158.48
High Stock Price Target
$180.00
Low Stock Price Target
$133.65
Potential Upside/Downside
+3.6%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
14 Analysts

Profitability

Net Income
$2.74 billion
Pretax Margin
25.50%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$19.69 per share
Book Value
$150.31 per share

Miscellaneous

Free Float
165,486,000
Market Cap
$25.52 billion
Optionable
Optionable
Beta
0.78

Social Links

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

MTB Stock Analysis - Frequently Asked Questions

Should I buy or sell M&T Bank stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MTB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTB, but not buy additional shares or sell existing shares.
View MTB analyst ratings
or view top-rated stocks.

What is M&T Bank's stock price target for 2024?

14 Wall Street analysts have issued 1 year price targets for M&T Bank's stock. Their MTB share price targets range from $133.65 to $180.00. On average, they anticipate the company's share price to reach $158.48 in the next twelve months. This suggests a possible upside of 3.3% from the stock's current price.
View analysts price targets for MTB
or view top-rated stocks among Wall Street analysts.

How have MTB shares performed in 2024?

M&T Bank's stock was trading at $137.08 on January 1st, 2024. Since then, MTB shares have increased by 11.9% and is now trading at $153.42.
View the best growth stocks for 2024 here
.

Are investors shorting M&T Bank?

M&T Bank saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 3,050,000 shares, a decrease of 14.6% from the March 31st total of 3,570,000 shares. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 2.6 days.
View M&T Bank's Short Interest
.

When is M&T Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our MTB earnings forecast
.

How were M&T Bank's earnings last quarter?

M&T Bank Co. (NYSE:MTB) announced its quarterly earnings results on Monday, April, 15th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.13 by $0.11. The financial services provider had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.26 billion. M&T Bank had a trailing twelve-month return on equity of 10.68% and a net margin of 19.52%. During the same period last year, the business earned $4.09 earnings per share.
Read the conference call transcript
.

How often does M&T Bank pay dividends? What is the dividend yield for M&T Bank?

M&T Bank declared a quarterly dividend on Wednesday, February 21st. Shareholders of record on Monday, March 4th will be given a dividend of $1.30 per share on Friday, March 29th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, March 1st.
Read our dividend analysis for MTB
.

Is M&T Bank a good dividend stock?

M&T Bank (NYSE:MTB) pays an annual dividend of $5.20 per share and currently has a dividend yield of 3.38%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 35.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 31.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTB.

How will M&T Bank's stock buyback program work?

M&T Bank announced that its Board of Directors has authorized a stock repurchase program on Tuesday, July 19th 2022, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board believes its stock is undervalued.

What is Rene F Jones' approval rating as M&T Bank's CEO?

160 employees have rated M&T Bank Chief Executive Officer Rene F Jones on Glassdoor.com. Rene F Jones has an approval rating of 86% among the company's employees.

What other stocks do shareholders of M&T Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other M&T Bank investors own include AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), Intel (INTC), JPMorgan Chase & Co. (JPM), Merck & Co., Inc. (MRK), Micron Technology (MU), AbbVie (ABBV), Walmart (WMT) and Pfizer (PFE).

Who are M&T Bank's major shareholders?

M&T Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.56%), Bank of New York Mellon Corp (0.88%), LSV Asset Management (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Los Angeles Capital Management LLC (0.25%) and Anchor Capital Advisors LLC (0.24%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Daryl N Bible, Doris P Meister, Doris P Meister, Edna Jennifer Warren, Gary N Geisel, Jeffrey J Tengel, John P Barnes, Kevin J Pearson, Kirk W Walters, Lee C Powlus, Michael J Todaro, Michele D Trolli, Paul J Hennessy, Robert J Bojdak and Rudina Seseri.
View institutional ownership trends
.

How do I buy shares of M&T Bank?

Shares of MTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MTB) was last updated on 5/21/2024 by MarketBeat.com Staff

From Our Partners