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S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
Recent Reports Are A Wake-Up Call For Investors (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Recent Reports Are A Wake-Up Call For Investors (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
An Unusual Way to Invest in Gold (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
Recent Reports Are A Wake-Up Call For Investors (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Recent Reports Are A Wake-Up Call For Investors (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
An Unusual Way to Invest in Gold (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
Recent Reports Are A Wake-Up Call For Investors (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
Recent Reports Are A Wake-Up Call For Investors (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
An Unusual Way to Invest in Gold (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary

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

$132.78
+1.95 (+1.49%)
(As of 12/7/2023 ET)
Compare
Today's Range
$131.50
$133.86
50-Day Range
$108.93
$134.39
52-Week Range
$108.53
$161.99
Volume
1.20 million shs
Average Volume
1.36 million shs
Market Capitalization
$22.04 billion
P/E Ratio
7.66
Dividend Yield
3.92%
Price Target
$146.43

M&T Bank MarketRank™ Stock Analysis

Analyst Rating
Hold
2.46 Rating Score
Upside/​Downside
10.3% Upside
$146.43 Price Target
Short Interest
Healthy
2.12% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.57mentions of M&T Bank in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$3.98 M Sold Last Quarter
Proj. Earnings Growth
-8.76%
From $15.98 to $14.58 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.02 out of 5 stars

Finance Sector

21st out of 694 stocks

State Commercial Banks Industry

3rd out of 139 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 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 Stock Price History

MTB Stock News Headlines

New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
M&T Bank (NYSE:MTB) PT Raised to $160.00 at Morgan Stanley
Recent Reports Are A Wake-Up Call For Investors
As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.
M&T Bank (NYSE:MTB) Upgraded by StockNews.com to Hold
Royal Bank of Canada Raises Quarterly Dividend by 2.2%
M&T Bank closes high-profile Downtown Baltimore branch
40 Under 40: Katie O'Connor of M&T Bank
M&T Bank Corp MTB
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
8/31/2023
Dividend Payable
9/29/2023
Last Earnings
10/18/2023
Ex-Dividend for 12/29 Dividend
11/30/2023
Today
12/08/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Confirmed)
1/18/2024

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 Target
$146.43
High Stock Price Target
$175.00
Low Stock Price Target
$130.00
Potential Upside/Downside
+10.3%
Consensus Rating
Hold
Rating Score (0-4)
2.46
Research Coverage
13 Analysts

Profitability

Net Income
$1.99 billion
Pretax Margin
32.85%

Debt

Sales & Book Value

Annual Sales
$8.60 billion
Cash Flow
$16.81 per share
Book Value
$135.03 per share

Miscellaneous

Free Float
164,350,000
Market Cap
$22.04 billion
Optionable
Optionable
Beta
0.87

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

Should I Buy M&T Bank Stock? MTB Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of M&T Bank was last updated on Tuesday, November 28, 2023 at 10:22 PM.

Pros

Here are some ways that investors could benefit from investing in M&T Bank Co.:

  • MTB Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association. This provides investors with exposure to the banking industry and potential for financial growth.
  • M&T Bank Corporation offers a wide range of financial services, including commercial banking, investment banking, and wealth management. This diversification can provide stability and potential for long-term growth.
  • Recent developments in the banking industry, such as advancements in technology and digital banking, have created new opportunities for M&T Bank Co. to expand its customer base and increase its market share.
  • M&T Bank Corporation has a strong track record of financial performance, with consistent revenue growth and profitability. This indicates the company's ability to generate returns for investors.
  • The current stock price of M&T Bank Co. is favorable for investors, providing an opportunity for potential capital appreciation.

Cons

Investors should be bearish about investing in M&T Bank Co. for these reasons:

  • MTB Metals Corp. engages in the acquisition, exploration, and evaluation of mineral properties in Canada. This is not directly related to the banking industry and may not align with the investment goals of investors looking for exposure to the financial sector.
  • Mount Burgess Mining N.L. primarily explores for zinc, lead, and other minerals. This focus on mining resources may introduce additional risks and volatility to the investment.














MTB Stock Analysis - Frequently Asked Questions

Should I buy or sell M&T Bank stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

13 analysts have issued 1 year price objectives for M&T Bank's stock. Their MTB share price targets range from $130.00 to $175.00. On average, they anticipate the company's share price to reach $146.43 in the next year. This suggests a possible upside of 10.3% 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 8.5% and is now trading at $132.78.
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 Thursday, January 18th 2024.
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 Thursday, January 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) released its earnings results on Wednesday, October, 18th. The financial services provider reported $3.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.88 by $0.10. The financial services provider had revenue of $3.20 billion for the quarter, compared to analyst estimates of $2.32 billion. M&T Bank had a trailing twelve-month return on equity of 13.13% and a net margin of 24.81%. During the same quarter in the prior year, the firm posted $3.83 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 Tuesday, November 14th. Stockholders of record on Friday, December 1st will be paid a dividend of $1.30 per share on Friday, December 29th. This represents a $5.20 annualized dividend and a yield of 3.92%. The ex-dividend date is Thursday, November 30th.
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 3.92%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.01%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 35.67% 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 declared that its board has approved a stock 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors 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).

Who are M&T Bank's major shareholders?

M&T Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (8.56%), FMR LLC (4.99%), JPMorgan Chase & Co. (3.66%), Invesco Ltd. (2.92%), Charles Schwab Investment Management Inc. (2.17%) and Morgan Stanley (1.91%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Daryl N Bible, Doris P Meister, Edna Jennifer Warren, Gary N Geisel, John P Barnes, 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.

This page (NYSE:MTB) was last updated on 12/8/2023 by MarketBeat.com Staff

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