M&T Bank Stock Price, News & Analysis (NYSE:MTB) $132.11 -2.28 (-1.70%) (As of 12/5/2023 ET) Add Compare Share Share Today's Range$131.98▼$133.7950-Day Range$108.93▼$134.3952-Week Range$108.53▼$162.36Volume863,922 shsAverage Volume1.36 million shsMarket Capitalization$21.92 billionP/E Ratio7.62Dividend Yield3.94%Price Target$148.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability M&T Bank MarketRank™ Stock AnalysisAnalyst RatingHold2.43 Rating ScoreUpside/Downside10.8% Upside$146.43 Price TargetShort InterestHealthy2.12% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.42Upright™ Environmental ScoreNews Sentiment0.61Based on 18 Articles This WeekInsider TradingSelling Shares$3.98 M Sold Last QuarterProj. Earnings Growth-8.76%From $15.98 to $14.58 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.3.08 out of 5 starsFinance Sector16th out of 763 stocksState Commercial Banks Industry2nd out of 154 stocks 2.2 Analyst's Opinion Consensus RatingM&T Bank has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $146.43, M&T Bank has a forecasted upside of 10.8% from its current price of $132.11.Amount of Analyst CoverageM&T Bank has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.12% 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 3.7, 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 7.61%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipM&T Bank is a leading dividend payer. It pays a dividend yield of 3.92%, 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 30.01%. 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 35.67% 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 2.6 News and Social Media Coverage News SentimentM&T Bank has a news sentiment score of 0.61. 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 0.43 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 18 news articles for M&T Bank this week, compared to 10 articles on an average week.Search InterestOnly 4 people have searched for MTB on MarketBeat in the last 30 days. This is a decrease of -76% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added M&T Bank to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% 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 sold 617.23% more of their company's stock than they have bought. Specifically, they have bought $555,200.00 in company stock and sold $3,982,036.00 in company stock.Percentage Held by InsidersOnly 0.97% of the stock of M&T Bank is held by insiders.Percentage Held by Institutions82.86% 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 -8.76% in the coming year, from $15.98 to $14.58 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of M&T Bank is 7.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.15.Price to Earnings Ratio vs. SectorThe P/E ratio of M&T Bank is 7.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 51.27.Price to Earnings Growth RatioM&T Bank has a PEG Ratio of 0.91. 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 0.98. 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 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.Read More MTB Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MTB Stock News HeadlinesNovember 7, 2023 | marketbeat.comBanking and trucking: Is the economy rolling toward troubles? (MTB)The seizure of an Iowa bank rippled through the banking sector. Bad loans were due to the troubled trucking industry, signaling possible economic woes ahead.December 6, 2023 | americanbankingnews.comM&T Bank (NYSE:MTB) PT Raised to $160.00 at Morgan StanleyDecember 6, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.December 5, 2023 | msn.com3 banks now offer $5,000 for opening an account – and 7 more of the most lucrative bank sign-up bonusesDecember 5, 2023 | americanbankingnews.comM&T Bank Co. (NYSE:MTB) Director Kirk W. Walters Sells 29,004 SharesDecember 5, 2023 | americanbankingnews.comM&T Bank (NYSE:MTB) Upgraded by StockNews.com to HoldDecember 4, 2023 | bizjournals.comM&T Bank, Geico insurance shifts affect WNY health plansNovember 30, 2023 | finance.yahoo.comM&T Bank Corporation: M&T Sees Choppy Deposit Trends but Shares UndervaluedDecember 6, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 30, 2023 | marketwatch.comRoyal Bank of Canada Raises Quarterly Dividend by 2.2%November 29, 2023 | bizjournals.comTD Bank almost doubles its SBA loan output in eastern Pennsylvania, dwarfing the competitionNovember 29, 2023 | bizjournals.comM&T Bank closes high-profile Downtown Baltimore branchNovember 28, 2023 | finance.yahoo.comM&T Bank Corporation: Slightly Lowering Our Fair Value Estimate for M&T Bank, Shares Still UndervaluedNovember 26, 2023 | finance.yahoo.comIs It Smart To Buy M&T Bank Corporation (NYSE:MTB) Before It Goes Ex-Dividend?November 26, 2023 | americanbankingnews.comM&T Bank (NYSE:MTB) Cut to "Sell" at StockNews.comNovember 22, 2023 | news.yahoo.comWilkes-Barre man pleads guilty to four bank robberies in Pa., N.J.November 17, 2023 | msn.comFAA investigating drone activity during Thursday's Ravens game at M&T Bank StadiumNovember 16, 2023 | msn.comBengals vs Ravens Weather Report: Will Seasonal Rains Impact Joe Burrow Vs Lamar Jackson Clash At M&T Bank Stadium?November 15, 2023 | finance.yahoo.comM&T Bank Gives $100,000 to Five Charities in Maine to Support Lewiston Recovery EffortsNovember 14, 2023 | msn.comRoquan Smith reacts to Patrick Mahomes listing M&T Bank Stadium as one of the two loudest in NFLNovember 14, 2023 | msn.comFirst registered runner looks ahead to the M&T Bank Vermont City MarathonNovember 12, 2023 | cbsnews.comLive Update: Baltimore Ravens take on Cleveland Browns at M&T Bank StadiumNovember 10, 2023 | bizjournals.com40 Under 40: Katie O'Connor of M&T BankNovember 9, 2023 | morningstar.comM&T Bank Corp MTBNovember 8, 2023 | bizjournals.comM&T Bank's new chief human resources officer David Hollis shares strategyNovember 7, 2023 | finance.yahoo.comThe M&T Bank Corp (MTB) Company: A Short SWOT AnalysisNovember 6, 2023 | news.yahoo.comRavens fans help donate to Maryland Food BankSee More Headlines 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 Company Calendar Ex-Dividend for 9/29 Dividend8/31/2023Dividend Payable9/29/2023Last Earnings10/18/2023Ex-Dividend for 12/29 Dividend11/30/2023Today12/06/2023Dividend Payable12/29/2023Fiscal Year End12/31/2023Next Earnings (Estimated)1/18/2024Get 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 Target$148.83 High Stock Price Target$180.00 Low Stock Price Target$130.00 Potential Upside/Downside+12.7%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)$17.33 Trailing P/E Ratio7.62 Forward P/E Ratio8.27 P/E Growth0.91Net Income$1.99 billion Net Margins24.81% Pretax Margin32.85% Return on Equity13.13% Return on Assets1.52% Debt Debt-to-Equity Ratio0.29 Current Ratio0.98 Quick Ratio0.98 Sales & Book Value Annual Sales$8.60 billion Price / Sales2.55 Cash Flow$16.72 per share Price / Cash Flow7.90 Book Value$135.03 per share Price / Book0.98Miscellaneous Outstanding Shares165,960,000Free Float164,350,000Market Cap$21.92 billion OptionableOptionable Beta0.87 Social Links 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Rene F. Jones CPA (Age 58)Chairman & CEO Comp: $3.52MMr. Kevin J. Pearson (Age 61)Vice Chairman Comp: $2.33MMr. Darren J. King (Age 53)Sr. Executive VP of Retail Banking, Business Banking, Mortgage & Indirect Dealer of Consumer Lending Comp: $1.88MMr. Christopher E. Kay J.D. (Age 58)Senior Executive VP & Head of Enterprise Platforms Comp: $1.79MMr. Daryl N. Bible (Age 62)Senior EVP & Chief Financial Officer Hugh GiorgioHead of Investment BankingMr. Michael A. WislerSenior VP & Chief Information OfficerMs. Tracy S. Woodrow (Age 49)Senior EVP & Chief Administrative Officer Mr. Brian Paul KlockSenior VP and Head of Markets & Investor RelationsMs. Laura P. O'Hara (Age 63)Senior EVP & Chief Legal Officer More ExecutivesKey CompetitorsFirst Citizens BancSharesNASDAQ:FCNCAFifth Third BancorpNASDAQ:FITBSouthStateNASDAQ:SSBWestern Alliance BancorporationNYSE:WALProsperity BancsharesNYSE:PBView All CompetitorsInsiders & InstitutionsWellington Management Group LLPSold 667,639 shares on 12/1/2023Ownership: 8.562%Kirk W WaltersSold 29,004 sharesTotal: $3.77 M ($130.00/share)B. Riley Wealth Advisors Inc.Bought 548 shares on 12/1/2023Ownership: 0.003%American Century Companies Inc.Bought 5,405 shares on 11/30/2023Ownership: 0.026%Trust Co. of VermontBought 284 shares on 11/27/2023Ownership: 0.010%View All Insider TransactionsView All Institutional Transactions 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 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 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 12-month target prices for M&T Bank's shares. Their MTB share price targets range from $130.00 to $175.00. On average, they expect the company's share price to reach $146.43 in the next twelve months. This suggests a possible upside of 10.8% 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 beginning of the year. Since then, MTB stock has decreased by 8.9% and is now trading at $132.11. 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 were M&T Bank's earnings last quarter? M&T Bank Co. (NYSE:MTB) released its quarterly earnings data on Wednesday, October, 18th. The financial services provider reported $3.98 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.10. The financial services provider earned $3.20 billion during the quarter, compared to analysts' expectations of $2.32 billion. M&T Bank had a net margin of 24.81% and a trailing twelve-month return on equity of 13.13%. During the same period last year, the company earned $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. Investors of record on Friday, December 1st will be given a dividend of $1.30 per share on Friday, December 29th. This represents a $5.20 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend 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. 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), First Trust Nasdaq Bank ETF (FTXO), Invesco KBW Bank ETF (KBWB), Proshares Equities For Rising Rates ETF (EQRR), Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), SPDR S&P Regional Banking ETF (KRE) and Democratic Large Cap Core ETF (DEMZ). How will M&T Bank's stock buyback program work? M&T Bank announced that its Board of Directors has approved 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 purchase 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). 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 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, Denis J Salamone, 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 12/6/2023 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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