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

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTB shares.
View MTB analyst ratings or view top-rated stocks.

18 Wall Street research analysts have issued 1 year target prices for M&T Bank's stock. Their MTB share price forecasts range from $125.00 to $200.00. On average, they anticipate the company's share price to reach $163.74 in the next twelve months. This suggests a possible upside of 30.4% from the stock's current price.
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M&T Bank's stock was trading at $145.06 at the beginning of the year. Since then, MTB shares have decreased by 13.4% and is now trading at $125.59.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 19th 2023.
View our MTB earnings forecast.

M&T Bank Co. (NYSE:MTB) released its quarterly earnings results on Monday, April, 17th. The financial services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.98 by $0.03. The financial services provider had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $2.37 billion. M&T Bank had a net margin of 23.20% and a trailing twelve-month return on equity of 11.97%. During the same quarter last year, the business posted $2.73 earnings per share.
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M&T Bank announced a quarterly dividend on Tuesday, May 16th. Stockholders of record on Thursday, June 1st will be given a dividend of $1.30 per share on Friday, June 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for MTB.

ETFs with the largest weight of M&T Bank (NYSE:MTB) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Democratic Large Cap Core ETF (DEMZ), SPDR S&P Regional Banking ETF (KRE), Sound Equity Income ETF (SDEI), Schwab Ariel ESG ETF (SAEF) and Direxion Daily Regional Banks Bull 3x Shares (DPST).

M&T Bank (NYSE:MTB) pays an annual dividend of $5.20 per share and currently has a dividend yield of 4.29%. MTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 40.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 32.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTB.

M&T Bank declared that its board has authorized a share repurchase program on Tuesday, July 19th 2022, which permits the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 9.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its shares are undervalued.

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.

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).

M&T Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTB."

M&T Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (9.02%), BlackRock Inc. (7.80%), FMR LLC (4.76%), State Street Corp (4.81%), JPMorgan Chase & Co. (3.68%) and Geode Capital Management LLC (2.22%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Denis J Salamone, Doris P Meister, Edna Jennifer Warren, Gary N Geisel, Kevin J Pearson, Kirk W Walters, Michael J Todaro, Michele D Trolli, Robert J Bojdak and Rudina Seseri.
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Shares of MTB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTB stock can currently be purchased for approximately $125.59.

M&T Bank (NYSE:MTB) has a market capitalization of $20.83 billion and generates $8.60 billion in revenue each year. The financial services provider earns $1.99 billion in net income (profit) each year or $12.91 on an earnings per share basis.

The company employs 22,808 workers across the globe.

M&T Bank's mailing address is ONE M&T PLAZA, BUFFALO NY, 14203. The official website for the company is www.mtb.com. The financial services provider can be reached via phone at (716) 635-4000, via email at ir@mtb.com, or via fax at 716-842-5021.