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NYSE:MTB

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

$139.04
+1.65 (+1.20%)
(As of 04:28 PM ET)
Today's Range
$137.82
$140.16
50-Day Range
$130.47
$145.90
52-Week Range
$108.53
$148.23
Volume
1.17 million shs
Average Volume
1.22 million shs
Market Capitalization
$23.17 billion
P/E Ratio
9.40
Dividend Yield
3.74%
Price Target
$157.98

M&T Bank MarketRank™ Stock Analysis

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
13.3% Upside
$157.98 Price Target
Short Interest
Healthy
2.14% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.35mentions of M&T Bank in the last 14 days
Based on 51 Articles This Week
Insider Trading
Selling Shares
$5.11 M Sold Last Quarter
Proj. Earnings Growth
15.41%
From $13.89 to $16.03 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.

4.97 out of 5 stars

Finance Sector

10th out of 838 stocks

State Commercial Banks Industry

3rd out of 174 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

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A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.
M&T Bank (NYSE:MTB) Shares Gap Up to $134.56
[Urgent!] Generational Wealth Gameplan
A brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan that could help you retire quickly and comfortably in today's crypto market.
M&T Bank (NYSE:MTB) Receives "Neutral" Rating from DA Davidson
M&T Bank profit slumps 25% after interest income fall
Decoding 16 Analyst Evaluations For M&T Bank
M&T Bank Analysts Boost Their Forecasts After Q1 Results
Q1 2024 M&T Bank Corp Earnings Call
M&T Bank Corp. Q1 Income Falls
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/01/2024
Dividend Payable
3/29/2024
Last Earnings
4/15/2024
Today
4/17/2024
Next Earnings (Estimated)
7/17/2024
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
$157.98
High Stock Price Target
$180.00
Low Stock Price Target
$133.65
Potential Upside/Downside
+15.0%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
15 Analysts

Profitability

Net Income
$2.74 billion
Pretax Margin
25.50%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$19.30 per share
Book Value
$150.99 per share

Miscellaneous

Free Float
165,255,000
Market Cap
$22.89 billion
Optionable
Optionable
Beta
0.80

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

Pros

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

  • M&T Bank operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management, providing diversified revenue streams.
  • The company offers a range of credit products and banking services, catering to both commercial and retail customers, enhancing its market reach and potential for growth.
  • Institutional investors and hedge funds own a significant portion of the company's stock (84.68%), indicating confidence in the company's performance and stability.
  • M&T Bank has a long-standing history, founded in 1856, showcasing stability and resilience in the banking sector.
  • Recent increase in institutional investments in M&T Bank, such as Stonebridge Capital Advisors LLC and RVW Wealth LLC, could indicate positive market sentiment towards the company.

Cons

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

  • The banking industry is subject to regulatory changes and economic fluctuations, impacting M&T Bank's operations and profitability.
  • Intense competition in the banking sector may pressure M&T Bank's margins and market share, affecting its financial performance.
  • Market volatility and interest rate fluctuations can influence M&T Bank's loan portfolio quality and interest income, posing risks to investors.
  • Dependence on interest rates for revenue generation exposes M&T Bank to interest rate risk, affecting its profitability in changing rate environments.
  • Investors should consider the current stock price of M&T Bank and evaluate if it aligns with their investment goals and risk tolerance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these M&T Bank pros and cons to contact@marketbeat.com.

MTB Stock Analysis - Frequently Asked Questions

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

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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?

15 Wall Street analysts have issued twelve-month price objectives for M&T Bank's shares. Their MTB share price targets range from $133.65 to $180.00. On average, they predict the company's stock price to reach $157.98 in the next twelve months. This suggests a possible upside of 13.3% 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 2024. Since then, MTB stock has increased by 1.7% and is now trading at $139.38.
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 Wednesday, July 17th 2024.
View our MTB earnings forecast
.

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

M&T Bank Co. (NYSE:MTB) issued its quarterly earnings data on Monday, April, 15th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.13 by $0.11. The financial services provider had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. M&T Bank had a net margin of 19.52% and a trailing twelve-month return on equity of 10.68%. During the same period in the previous year, the firm posted $4.09 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 declared 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 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend 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 3.69%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 32.44% 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 program on Tuesday, July 19th 2022, which authorizes the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are generally an indication 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 Los Angeles Capital Management LLC (0.25%), Matrix Asset Advisors Inc. NY (0.06%), Reinhart Partners LLC. (0.05%), Sound Income Strategies LLC (0.05%), O Keefe Stevens Advisory Inc. (0.02%) and Courier Capital LLC (0.02%). 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 4/17/2024 by MarketBeat.com Staff

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