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NYSE:MTB

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

$119.48
-2.62 (-2.15%)
(As of 10:58 AM ET)
Compare
Today's Range
$119.23
$121.50
50-Day Range
$119.33
$141.55
52-Week Range
$109.36
$192.56
Volume
176,728 shs
Average Volume
1.45 million shs
Market Capitalization
$19.83 billion
P/E Ratio
7.08
Dividend Yield
4.35%
Price Target
$154.69

M&T Bank MarketRank™ Forecast

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
27.9% Upside
$154.69 Price Target
Short Interest
Healthy
2.21% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
-0.11mentions of M&T Bank in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$7.82 M Sold Last Quarter
Proj. Earnings Growth
-8.94%
From $16.34 to $14.88 Per Share

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 stars

Finance Sector

37th out of 881 stocks

State Commercial Banks Industry

10th out of 183 stocks


MTB stock logo

About M&T Bank (NYSE:MTB) Stock

M&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.

MTB Price History

MTB Stock News Headlines

M&T Bank (NYSE:MTB) Downgraded by StockNews.com
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M&T Bank (NYSE:MTB) Stock Rating Lowered by Odeon Capital Group
FY2023 EPS Estimates for M&T Bank Co. (NYSE:MTB) Cut by Analyst
Odeon Capital Downgrades M & T Bank (MTB)
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.
Wells Fargo Reaffirms Their Hold Rating on M&T Bank (MTB)
Q3 2023 EPS Estimates for M&T Bank Co. (NYSE:MTB) Reduced by Wedbush
M&T Bank (NYSE:MTB) Given New $157.00 Price Target at Morgan Stanley
Racist graffiti spray painted near M&T Bank Stadium
M&T Bank Appoints Phil Cohen as Maine Regional President
D.A. Davidson Keeps Their Hold Rating on M&T Bank (MTB)
Deposit Pressures Make M&T Bank A Sell
See More Headlines
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MTB Company Calendar

Last Earnings
7/19/2023
Ex-Dividend for 9/29 Dividend
8/31/2023
Dividend Payable
9/29/2023
Today
10/03/2023
Next Earnings (Confirmed)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
55261F10
Employees
22,808
Year Founded
1856

Price 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 Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
15 Analysts

Profitability

Net Income
$1.99 billion
Pretax Margin
34.81%

Debt

Sales & Book Value

Annual Sales
$8.60 billion
Cash Flow
$16.22 per share
Book Value
$135.03 per share

Miscellaneous

Free Float
164,339,000
Market Cap
$20.26 billion
Optionable
Optionable
Beta
0.79

Social Links

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Key Executives

  • Mr. Rene F. Jones CPA (Age 58)
    Chairman & CEO
    Comp: $3.52M
  • Mr. Kevin J. PearsonMr. Kevin J. Pearson (Age 61)
    Vice Chairman
    Comp: $2.33M
  • Mr. Darren J. King (Age 53)
    Sr. Exec. VP of Retail Banking, Bus. Banking, Mortgage & Indirect Dealer of Consumer Lending
    Comp: $1.88M
  • Mr. Christopher E. Kay J.D.Mr. Christopher E. Kay J.D. (Age 58)
    Sr. Exec. VP & Head of Enterprise Platforms
    Comp: $1.79M
  • Mr. Daryl N. BibleMr. Daryl N. Bible (Age 62)
    Sr. EVP & Chief Financial Officer
  • Hugh Giorgio
    Head of Investment Banking
  • Mr. Michael A. Wisler
    Sr. VP & Chief Information Officer
  • Ms. Tracy S. Woodrow (Age 49)
    Sr. EVP & Chief Admin. Officer
  • Mr. Brian Paul Klock
    Sr. VP and Head of Markets & Investor Relations
  • Ms. Laura P. O'Hara (Age 63)
    Sr. EVP & Chief Legal Officer













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
.

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

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