S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
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How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
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The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Game-Changing Cancer Tech Nears FDA Completion (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
The Strategic Gold Play You Haven't Heard About (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Game-Changing Cancer Tech Nears FDA Completion (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
The Strategic Gold Play You Haven't Heard About (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
S&P 500   5,096.27
DOW   38,996.39
QQQ   439.00
Pure Storage, Hormel Foods rise; WW International, First Advantage fall, Thursday, 2/29/2024
Game-Changing Cancer Tech Nears FDA Completion (Ad)
How major US stock indexes fared Thursday, 2/29/2024
Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase
The Strategic Gold Play You Haven't Heard About (Ad)
Grads From This Midwestern School Are More Likely to Start a Billion Dollar Company Than Founders Who Went To Stanford, Harvard, or MIT: Study
It's Leap Day, and You're Probably Working — Here's How 'February 29' Affects Your Paycheck
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World stocks track Wall Street gains, Japan shares hit record high
China's manufacturing activity contracts for 5th straight month despite policy support
NYSE:MTB

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

$139.54
+1.41 (+1.02%)
(As of 02/29/2024 ET)
Today's Range
$137.63
$140.54
50-Day Range
$130.47
$143.74
52-Week Range
$108.53
$155.09
Volume
1.44 million shs
Average Volume
1.19 million shs
Market Capitalization
$23.25 billion
P/E Ratio
8.84
Dividend Yield
3.73%
Price Target
$149.71

M&T Bank MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.3% Upside
$149.71 Price Target
Short Interest
Healthy
2.09% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.39mentions of M&T Bank in the last 14 days
Based on 24 Articles This Week
Insider Trading
Selling Shares
$10.69 M Sold Last Quarter
Proj. Earnings Growth
12.84%
From $14.10 to $15.91 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.

4.92 out of 5 stars

Finance Sector

29th out of 869 stocks

State Commercial Banks Industry

6th out of 184 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

Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
M&T Bank (MTB) Declares $1.30 Dividend
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
Decoding M&T Bank Corp (MTB): A Strategic SWOT Insight
M&T Bank CEO celebrates Black Heritage
Insider Stock Buying Reaches US$1.82m On M&T Bank
MTB Mar 2024 115.000 put
MTB Mar 2024 75.000 put
MTB Mar 2024 160.000 call
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Last Earnings
1/18/2024
Today
2/29/2024
Ex-Dividend for 3/29 Dividend
3/01/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/15/2024
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
$149.71
High Stock Price Target
$179.00
Low Stock Price Target
$130.00
Potential Upside/Downside
+7.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$2.74 billion
Pretax Margin
28.38%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$19.91 per share
Book Value
$149.71 per share

Miscellaneous

Free Float
165,008,000
Market Cap
$23.25 billion
Optionable
Optionable
Beta
0.80

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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 year. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTB shares.
View MTB analyst ratings
or view top-rated stocks.

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

14 analysts have issued 1-year price objectives for M&T Bank's stock. Their MTB share price targets range from $130.00 to $179.00. On average, they anticipate the company's share price to reach $149.71 in the next twelve months. This suggests a possible upside of 7.3% 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 at the beginning of the year. Since then, MTB stock has increased by 1.8% and is now trading at $139.54.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, April 15th 2024.
View our MTB earnings forecast
.

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

M&T Bank Co. (NYSE:MTB) posted its quarterly earnings data on Thursday, January, 18th. The financial services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by $0.36. The financial services provider earned $3.32 billion during the quarter, compared to analysts' expectations of $2.27 billion. M&T Bank had a net margin of 21.49% and a trailing twelve-month return on equity of 11.59%. During the same period in the prior year, the business earned $4.57 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 announced a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, March 4th will be paid 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 3.73%. The ex-dividend date 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 3.76%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 32.68% 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 initiated a stock buyback plan 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 plans are typically a sign that the company's leadership believes its shares are 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 investors include Vanguard Group Inc. (11.71%), State Farm Mutual Automobile Insurance Co. (2.48%), Charles Schwab Investment Management Inc. (2.16%), Massachusetts Financial Services Co. MA (1.04%), M&T Bank Corp (1.03%) and Norges Bank (1.02%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Daryl N Bible, David K Norton, Doris P Meister, Edna Jennifer Warren, Gary N Geisel, George P Carter, Jeffrey J Tengel, Jerry Franklin, John P Barnes, Kevin J Pearson, Kirk W Walters, Lee C Powlus, Mark F Herron, Michael J Todaro, Michele D Trolli, Paul J Hennessy, R David Rosato, 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 3/1/2024 by MarketBeat.com Staff