NYSE:MTB M&T Bank (MTB) Stock Forecast, Price & News $128.64 -1.34 (-1.03%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$125.91▼$129.6450-Day Range$111.43▼$129.9752-Week Range$109.36▼$193.42Volume1.12 million shsAverage Volume1.77 million shsMarket Capitalization$21.34 billionP/E Ratio9.96Dividend Yield4.04%Price Target$163.74 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability M&T Bank MarketRank™ ForecastAnalyst RatingModerate Buy2.56 Rating ScoreUpside/Downside27.3% Upside$163.74 Price TargetShort InterestHealthy2.97% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.42Upright™ Environmental ScoreNews Sentiment0.80Based on 8 Articles This WeekInsider TradingAcquiring Shares$1.21 M Bought Last QuarterProj. Earnings Growth-3.75%From $16.82 to $16.19 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.3.55 out of 5 starsFinance Sector5th out of 858 stocksState Commercial Banks Industry3rd out of 177 stocks 4.3 Analyst's Opinion Consensus RatingM&T Bank has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 10 buy ratings, 8 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $163.74, M&T Bank has a forecasted upside of 27.3% from its current price of $128.64.Amount of Analyst CoverageM&T Bank has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.97% 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 2.4, 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 4.84%, indicating that investor sentiment is improving. Previous Next 3.3 Dividend Strength Dividend LeadershipM&T Bank is a leading dividend payer. It pays a dividend yield of 4.26%, 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 40.28%. 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 32.12% 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 2.1 News and Social Media Coverage News SentimentM&T Bank has a news sentiment score of 0.80. 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 higher news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 8 news articles for M&T Bank this week, compared to 10 articles on an average week.Search InterestOnly 25 people have searched for MTB on MarketBeat in the last 30 days. This is a decrease of -68% compared to the previous 30 days.MarketBeat FollowsOnly 10 people have added M&T Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, M&T Bank insiders have bought 1,355.24% more of their company's stock than they have sold. Specifically, they have bought $1,206,100.00 in company stock and sold $82,880.00 in company stock.Percentage Held by InsidersOnly 0.97% of the stock of M&T Bank is held by insiders.Percentage Held by Institutions84.10% 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 -3.75% in the coming year, from $16.82 to $16.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of M&T Bank is 9.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.06.Price to Earnings Ratio vs. SectorThe P/E ratio of M&T Bank is 9.96, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 145.03.Price to Earnings Growth RatioM&T Bank has a PEG Ratio of 0.73. 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 0.95. 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 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 Stock News HeadlinesJune 9, 2023 | bizjournals.comM&T shows off $24 million investment in second downtown tech hubJune 8, 2023 | news.yahoo.comM&T Bank opens new Tech Hub in Buffalo with plans to bring 500 workers downtownJune 9, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!June 8, 2023 | americanbankingnews.comM&T Bank (NYSE:MTB) Shares Gap Up After Insider Buying ActivityJune 7, 2023 | americanbankingnews.comDaryl N. Bible Purchases 10,000 Shares of M&T Bank Co. (NYSE:MTB) StockJune 4, 2023 | americanbankingnews.comBrokerages Set M&T Bank Co. (NYSE:MTB) Price Target at $163.74June 1, 2023 | bizjournals.com8 things to know: M&T Bank brings back Spotlight Shop; SECU adds board memberMay 31, 2023 | msn.comM&T Bank opens Pop Up Shop in Federal Hill in support of small businessJune 9, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...May 31, 2023 | finance.yahoo.comM&T Bank Corporation to Participate in the Morgan Stanley US Financials, Payments & CRE ConferenceMay 31, 2023 | americanbankingnews.comQ3 2023 Earnings Forecast for M&T Bank Co. Issued By Zacks Research (NYSE:MTB)May 29, 2023 | americanbankingnews.comM&T Bank Co. to Issue Quarterly Dividend of $1.30 (NYSE:MTB)May 26, 2023 | bizjournals.comM&T Bank comes in at No. 1 again on list of largest public companiesMay 26, 2023 | finance.yahoo.comWhy You Might Be Interested In M&T Bank Corporation (NYSE:MTB) For Its Upcoming DividendMay 25, 2023 | cbsnews.comGirls' flag football clinic takes over M&T Bank Stadium: 'I love playing flag football'May 25, 2023 | finance.yahoo.comM&T Bank to Welcome Thousands of Runners, Volunteers, and Spectators to the 34th M&T Bank Vermont City Marathon & RelayMay 23, 2023 | bizjournals.comLiberty Bank to open first full-service branch in Mass.May 22, 2023 | finance.yahoo.comM&T Bank Corporation: Raising Our Fair Value for M&T Bank to $169 After First-Quarter EarningsMay 22, 2023 | americanbankingnews.comInsider Selling: M&T Bank Co. (NYSE:MTB) Director Sells $82,880.00 in StockMay 19, 2023 | msn.comM&T Bank volunteers paint the USS Little RockMay 18, 2023 | cnbc.comBuy this resilient regional bank trading at a 50% discount, Bank of America saysMay 18, 2023 | markets.businessinsider.comBank of America Securities Sticks to Its Buy Rating for M&T Bank (MTB)May 18, 2023 | americanbankingnews.comM&T Bank (NYSE:MTB) Coverage Initiated at StockNews.comMay 17, 2023 | msn.comM & T Bank (MTB) Declares $1.30 DividendMay 14, 2023 | businessinsider.comMORNINGSTAR: These 11 regional bank stocks are deeply undervalued and should survive the intense pressures hitting the sector todayMay 13, 2023 | msn.comNew Bank Celebrates Opening In WestchesterMay 11, 2023 | fool.comBest Bank Stocks to Invest in During a RecessionSee More Headlines MTB Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTB Company Calendar Ex-Dividend for 3/31 Dividend3/03/2023Dividend Payable3/31/2023Last Earnings4/17/2023Ex-Dividend for 6/30 Dividend5/31/2023Today6/09/2023Dividend Payable6/30/2023Next Earnings (Estimated)7/19/2023Fiscal 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$163.74 High Stock Price Forecast$200.00 Low Stock Price Forecast$125.00 Forecasted Upside/Downside+27.3%Consensus RatingModerate Buy Rating Score (0-4)2.56 Research Coverage18 Analysts Profitability EPS (Most Recent Fiscal Year)$12.91 Trailing P/E Ratio9.96 Forward P/E Ratio7.65 P/E Growth0.73Net Income$1.99 billion Net Margins23.20% Pretax Margin30.47% Return on Equity11.97% Return on Assets1.39% Debt Debt-to-Equity Ratio0.32 Current Ratio0.97 Quick Ratio0.97 Sales & Book Value Annual Sales$9.14 billion Price / Sales2.33 Cash Flow$17.02 per share Price / Cash Flow7.56 Book Value$135.03 per share Price / Book0.95Miscellaneous Outstanding Shares165,870,000Free Float164,261,000Market Cap$21.34 billion OptionableOptionable Beta0.79 Social Links Key ExecutivesMr. Rene F. Jones CPA (Age 58)Chairman & CEO Comp: $3.52MMr. Darren J. King (Age 53)Sr. EVP & CFO Comp: $1.88MMr. Kevin J. Pearson (Age 61)Vice Chairman Comp: $2.33MMr. Christopher E. Kay J.D. (Age 58)Sr. Exec. VP of Consumer Banking, Bus. Banking & Marketing Comp: $1.79MMr. Daryl N. Bible (Age 62)Chief Financial Officer Mr. Michael R. SpychalaExec. VP, Controller & Principal Accounting OfficerMr. 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 & Gen. Counsel More ExecutivesKey CompetitorsCitizens Financial GroupNYSE:CFGWillis Towers Watson PublicNASDAQ:WTWThird Coast BancsharesNASDAQ:TCBXMiddlefield BancNASDAQ:MBCNAffinity BancsharesNASDAQ:AFBIView All CompetitorsInsiders & InstitutionsBerkshire Asset Management LLC PABought 810 shares on 6/6/2023Ownership: 0.110%Macquarie Group Ltd.Bought 2,514 shares on 6/1/2023Ownership: 0.008%Daryl N BibleBought 10,000 shares on 6/1/2023Total: $1.21 M ($120.61/share)Coastline Trust CoSold 12,635 shares on 5/31/2023Ownership: 0.003%ProShare Advisors LLCSold 6,644 shares on 5/26/2023Ownership: 0.029%View All Insider TransactionsView All Institutional Transactions MTB Stock - Frequently Asked Questions Should I buy or sell M&T Bank stock right now? 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 8 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTB shares. View MTB analyst ratings or view top-rated stocks. What is M&T Bank's stock price forecast for 2023? 18 Wall Street analysts have issued 12-month price objectives for M&T Bank's shares. Their MTB share price forecasts range from $125.00 to $200.00. On average, they predict the company's stock price to reach $163.74 in the next year. This suggests a possible upside of 27.3% 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 2023? M&T Bank's stock was trading at $145.06 on January 1st, 2023. Since then, MTB shares have decreased by 11.3% and is now trading at $128.61. 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, July 19th 2023. View our MTB earnings forecast. How were M&T Bank's earnings last quarter? M&T Bank Co. (NYSE:MTB) released its quarterly earnings data on Monday, April, 17th. The financial services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.98 by $0.03. The financial services provider earned $2.91 billion during the quarter, compared to the consensus estimate 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 in the prior year, the business earned $2.73 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 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 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend is Wednesday, May 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), 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). 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 4.26%. 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. How will M&T Bank's stock buyback program work? M&T Bank announced that its Board of Directors has authorized a stock buyback plan on Tuesday, July 19th 2022, which allows the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 9.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership 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." Who are M&T Bank's major shareholders? M&T Bank's stock is owned by a number of retail and institutional investors. Top institutional investors 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, Daryl N Bible, 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. 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 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 $128.61. How much money does M&T Bank make? M&T Bank (NYSE:MTB) has a market capitalization of $21.33 billion and generates $9.14 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. 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 6/9/2023 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. 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