NYSE:MTB M&T Bank (MTB) Stock Forecast, Price & News $119.48 -2.62 (-2.15%) (As of 10:58 AM ET) Add Compare Share Share Today's Range$119.23▼$121.5050-Day Range$119.33▼$141.5552-Week Range$109.36▼$192.56Volume176,728 shsAverage Volume1.45 million shsMarket Capitalization$19.83 billionP/E Ratio7.08Dividend Yield4.35%Price Target$154.69 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability M&T Bank MarketRank™ ForecastAnalyst RatingHold2.47 Rating ScoreUpside/Downside27.9% Upside$154.69 Price TargetShort InterestHealthy2.21% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.42Upright™ Environmental ScoreNews Sentiment-0.11Based on 26 Articles This WeekInsider TradingSelling Shares$7.82 M Sold Last QuarterProj. Earnings Growth-8.94%From $16.34 to $14.88 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.20 out of 5 starsFinance Sector37th out of 881 stocksState Commercial Banks Industry10th out of 183 stocks 3.2 Analyst's Opinion Consensus RatingM&T Bank has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 7 buy ratings, 8 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $154.69, M&T Bank has a forecasted upside of 27.9% from its current price of $120.93.Amount of Analyst CoverageM&T Bank has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.21% of the outstanding shares of M&T Bank have been sold short.Short Interest Ratio / Days to CoverM&T Bank has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in M&T Bank has recently decreased by 12.86%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipM&T Bank is a leading dividend payer. It pays a dividend yield of 4.11%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthM&T Bank has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of M&T Bank is 30.81%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, M&T Bank will have a dividend payout ratio of 34.95% next year. This indicates that M&T Bank will be able to sustain or increase its dividend. Previous Next 3.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreM&T Bank has received a 45.71% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Home insurance services for individuals", "Commercial deposit accounts", and "Consumer deposit accounts" products. See details.Environmental SustainabilityThe Environmental Impact score for M&T Bank is -0.42. Previous Next 1.6 News and Social Media Coverage News SentimentM&T Bank has a news sentiment score of -0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.71 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 26 news articles for M&T Bank this week, compared to 10 articles on an average week.Search InterestOnly 7 people have searched for MTB on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows9 people have added M&T Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, M&T Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,819,234.00 in company stock.Percentage Held by InsidersOnly 0.97% of the stock of M&T Bank is held by insiders.Percentage Held by Institutions82.86% of the stock of M&T Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for M&T Bank are expected to decrease by -8.94% in the coming year, from $16.34 to $14.88 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of M&T Bank is 7.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.09.Price to Earnings Ratio vs. SectorThe P/E ratio of M&T Bank is 7.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 62.23.Price to Earnings Growth RatioM&T Bank has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioM&T Bank has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About M&T Bank (NYSE:MTB) StockM&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that offer retail and commercial banking products and services in the United States. The company's Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial lending and leasing, letters of credit, and cash management services for middle-market and large commercial customers. The company's Commercial Real Estate segment originates, sells, and services commercial real estate loans; and offers deposit, and credit services. Its Discretionary Portfolio segment provides deposits, securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans, and sub-services residential real estate loans for others. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; insurance agency; institutional brokerage and securities; and investment management and advisory services; financial management, and planning, leasing, and financing services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.Read More MTB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTB Stock News HeadlinesOctober 3, 2023 | americanbankingnews.comM&T Bank (NYSE:MTB) Downgraded by StockNews.comOctober 2, 2023 | msn.comNavigating M&T Bank: A Hidden Gem Or A Lost Cause?October 3, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. October 2, 2023 | americanbankingnews.comM&T Bank Co. (NYSE:MTB) Receives Average Rating of "Hold" from BrokeragesOctober 1, 2023 | americanbankingnews.comM&T Bank (NYSE:MTB) Stock Rating Lowered by Odeon Capital GroupOctober 1, 2023 | americanbankingnews.comHead to Head Survey: M&T Bank (NYSE:MTB) & M&F Bancorp (OTCMKTS:MFBP)September 30, 2023 | americanbankingnews.comFY2023 EPS Estimates for M&T Bank Co. (NYSE:MTB) Cut by AnalystSeptember 29, 2023 | msn.comOdeon Capital Downgrades M & T Bank (MTB)October 3, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. September 29, 2023 | markets.businessinsider.comWells Fargo Reaffirms Their Hold Rating on M&T Bank (MTB)September 29, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for M&T Bank Co. (NYSE:MTB) Reduced by WedbushSeptember 28, 2023 | msn.comSuspect used fake ID to withdraw money from M&T Bank in WestfieldSeptember 28, 2023 | americanbankingnews.comM&T Bank (NYSE:MTB) Given New $157.00 Price Target at Morgan StanleySeptember 27, 2023 | finance.yahoo.comM&T Bank Provides $1.22 Million to Community Revitalization Programs in PennsylvaniaSeptember 24, 2023 | cbsnews.comLive Updates: Baltimore Ravens host the Indianapolis Colts for a battle at M&T Bank StadiumSeptember 22, 2023 | finance.yahoo.comM&T Bank Corporation Announces Third Quarter 2023 Earnings Release and Conference CallSeptember 22, 2023 | cbsnews.comRacist graffiti spray painted near M&T Bank StadiumSeptember 21, 2023 | finance.yahoo.comUnraveling the Future of M&T Bank Corp (MTB): A Deep Dive into Key MetricsSeptember 20, 2023 | finance.yahoo.comM&T Bank Partners with The Community Grocer to Address Food Access and Insecurity In PhiladelphiaSeptember 15, 2023 | finance.yahoo.comGreat week for M&T Bank Corporation (NYSE:MTB) institutional investors after losing 28% over the previous yearSeptember 14, 2023 | finance.yahoo.comM&T Bank Appoints Phil Cohen as Maine Regional PresidentSeptember 12, 2023 | msn.comRBC Capital Maintains M & T Bank (MTB) Outperform RecommendationSeptember 11, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: M&T Bank (MTB) and Webster Financial (WBS)September 11, 2023 | markets.businessinsider.comD.A. Davidson Keeps Their Hold Rating on M&T Bank (MTB)September 10, 2023 | cbsnews.comBaltimore Ravens' fans fired up after season-opening win at the Bank: 'It was electric in there'September 10, 2023 | cbsnews.comLive Updates: Ravens take on Texans in home opener at M&T Bank StadiumSeptember 10, 2023 | msn.comDeposit Pressures Make M&T Bank A SellSee 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. Email Address MTB Company Calendar Last Earnings7/19/2023Ex-Dividend for 9/29 Dividend8/31/2023Dividend Payable9/29/2023Today10/03/2023Next Earnings (Confirmed)10/18/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry State commercial banks Sub-IndustryRegional Banks SectorFinance Current SymbolNYSE:MTB CUSIP55261F10 CIK36270 Webwww.mtb.com Phone(716) 635-4000Fax716-842-5021Employees22,808Year Founded1856Price Target and Rating Average Stock Price Forecast$154.69 High Stock Price Forecast$195.00 Low Stock Price Forecast$132.00 Forecasted Upside/Downside+26.7%Consensus RatingHold Rating Score (0-4)2.47 Research Coverage15 Analysts Profitability EPS (Most Recent Fiscal Year)$16.88 Trailing P/E Ratio7.23 Forward P/E Ratio7.47 P/E Growth0.94Net Income$1.99 billion Net Margins26.30% Pretax Margin34.81% Return on Equity13.26% Return on Assets1.54% Debt Debt-to-Equity Ratio0.31 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$8.60 billion Price / Sales2.36 Cash Flow$16.22 per share Price / Cash Flow7.53 Book Value$135.03 per share Price / Book0.90Miscellaneous Outstanding Shares165,950,000Free Float164,339,000Market Cap$20.26 billion OptionableOptionable Beta0.79 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Rene F. Jones CPA (Age 58)Chairman & CEO Comp: $3.52MMr. Kevin J. Pearson (Age 61)Vice Chairman Comp: $2.33MMr. Darren J. King (Age 53)Sr. Exec. VP of Retail Banking, Bus. Banking, Mortgage & Indirect Dealer of Consumer Lending Comp: $1.88MMr. Christopher E. Kay J.D. (Age 58)Sr. Exec. VP & Head of Enterprise Platforms Comp: $1.79MMr. Daryl N. Bible (Age 62)Sr. EVP & Chief Financial Officer Hugh GiorgioHead of Investment BankingMr. Michael A. WislerSr. VP & Chief Information OfficerMs. Tracy S. Woodrow (Age 49)Sr. EVP & Chief Admin. Officer Mr. Brian Paul KlockSr. VP and Head of Markets & Investor RelationsMs. Laura P. O'Hara (Age 63)Sr. EVP & Chief Legal Officer More ExecutivesKey CompetitorsFirst Citizens BancSharesNASDAQ:FCNCAFifth Third BancorpNASDAQ:FITBEast West BancorpNASDAQ:EWBCCommerce BancsharesNASDAQ:CBSHSouthStateNASDAQ:SSBView All CompetitorsInsiders & InstitutionsBROOKFIELD Corp ON Bought 158,886 shares on 9/26/2023Ownership: 0.096%M Holdings Securities Inc.Sold 4,636 shares on 9/26/2023Ownership: 0.007%ST Germain D J Co. Inc.Bought 19,649 shares on 9/7/2023Ownership: 0.012%Rehmann Capital Advisory GroupSold 162 shares on 8/23/2023Ownership: 0.001%Stonebridge Capital Advisors LLCBought 198 shares on 8/23/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions MTB Stock - Frequently Asked Questions Should I buy or sell M&T Bank stock right now? 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023? 15 Wall Street research analysts have issued 1-year target prices for M&T Bank's shares. Their MTB share price forecasts range from $132.00 to $195.00. On average, they expect the company's stock price to reach $154.69 in the next twelve months. This suggests a possible upside of 26.7% 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 2023? M&T Bank's stock was trading at $145.06 at the start of the year. Since then, MTB stock has decreased by 15.8% and is now trading at $122.10. View the best growth stocks for 2023 here. When is M&T Bank's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023. View our MTB earnings forecast. How can I listen to M&T Bank's earnings call? M&T Bank will be holding an earnings conference call on Wednesday, October 18th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were M&T Bank's earnings last quarter? M&T Bank Co. (NYSE:MTB) issued its quarterly earnings results on Wednesday, July, 19th. The financial services provider reported $5.05 EPS for the quarter, beating analysts' consensus estimates of $4.16 by $0.89. The financial services provider had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $2.39 billion. M&T Bank had a net margin of 26.30% and a trailing twelve-month return on equity of 13.26%. During the same period last year, the firm earned $3.10 EPS. 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 Tuesday, August 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $1.30 per share on Friday, September 29th. This represents a $5.20 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, August 31st. Read our dividend analysis for MTB. What ETFs hold M&T Bank's stock? ETFs with the largest weight of M&T Bank (NYSE:MTB) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), First Trust Nasdaq Bank ETF (FTXO), Invesco KBW Bank ETF (KBWB), Proshares Equities For Rising Rates ETF (EQRR), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), SPDR S&P Regional Banking ETF (KRE) and Democratic Large Cap Core ETF (DEMZ). 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 4.11%. 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 30.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 34.95% 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 has authorized a stock buyback plan on Tuesday, July 19th 2022, which authorizes the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 9.7% of its stock through open market purchases. Stock buyback plans are often a sign 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). What is M&T Bank's stock symbol? M&T Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTB." 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is M&T Bank's stock price today? One share of MTB stock can currently be purchased for approximately $122.10. How much money does M&T Bank make? M&T Bank (NYSE:MTB) has a market capitalization of $20.26 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 $16.88 on an earnings per share basis. How many employees does M&T Bank have? The company employs 22,808 workers across the globe. How can I contact M&T Bank? 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. This page (NYSE:MTB) was last updated on 10/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding M&T Bank Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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