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About M&T Bank (NYSE:MTB)
M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide retail and commercial banking services. 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 commercial lending and leasing, letters of credit, deposit products, and cash management services to middle-market and large commercial customers. The company's Commercial Real Estate segment offers credit services, which are secured by various multifamily residential and commercial real estates; and deposit services. Its Discretionary Portfolio segment provides securities, residential real estate loans, and other assets; short-term and long-term borrowed funds; brokered deposits; and the Cayman Islands branch deposits, as well as foreign exchange services. The company's Residential Mortgage Banking segment originates and services residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational vehicle loans, home equity loans and lines of credit, and credit cards; investment products, including mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; investment management and advisory; and insurance agency services. It offers its services through banking offices, business banking centers, telephone and Internet banking, and automated teller machines. As of December 31, 2017, the company had 780 banking offices in the United States, a commercial banking office in Canada, and an office in the Cayman Islands. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
Industry, Sector and Symbol
Industry State commercial banks
Trailing P/E Ratio19.49
Forward P/E Ratio14.66
Sales & Book Value
Annual Sales$6.02 billion
Price / Sales4.41
Cash Flow$11.3777 per share
Price / Cash16.07
Book Value$99.79 per share
Price / Book1.83
EPS (Most Recent Fiscal Year)$9.35
Net Income$1.41 billion
Return on Equity10.91%
Return on Assets1.36%
M&T Bank (NYSE:MTB) Frequently Asked Questions
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 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, May 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.80 per share on Friday, June 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, May 31st. This is an increase from M&T Bank's previous quarterly dividend of $0.75. View M&T Bank's Dividend History.
How will M&T Bank's stock buyback program work?
M&T Bank declared that its Board of Directors has approved a share buyback plan on Wednesday, February 21st 2018, which authorizes the company to buyback $745,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 2.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.
How were M&T Bank's earnings last quarter?
M&T Bank (NYSE:MTB) released its earnings results on Monday, April, 16th. The financial services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.76 by $0.53. The financial services provider had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. M&T Bank had a return on equity of 10.91% and a net margin of 23.12%. During the same quarter last year, the business posted $2.12 earnings per share. View M&T Bank's Earnings History.
When is M&T Bank's next earnings date?
What price target have analysts set for MTB?
16 brokers have issued twelve-month price targets for M&T Bank's stock. Their forecasts range from $145.00 to $210.00. On average, they anticipate M&T Bank's share price to reach $177.7333 in the next twelve months. View Analyst Ratings for M&T Bank.
Who are some of M&T Bank's key competitors?
Some companies that are related to M&T Bank include Itaú Unibanco (ITUB), Scotiabank (BNS), The Bank of New York Mellon (BK), Banco Bradesco (BBD), State Street (STT), Deutsche Bank (DB), Banco Bradesco (BBDO), Northern Trust (NTRS), Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH) and Western Alliance Bancorporation (WAL).
Who are M&T Bank's key executives?
M&T Bank's management team includes the folowing people:
- Mr. René F. Jones CPA, Chairman & CEO (Age 53)
- Mr. Richard S. Gold, Pres, COO & Director (Age 57)
- Mr. Darren J. King, Exec. VP & CFO (Age 48)
- Mr. Kevin J. Pearson, Exec. VP (Age 56)
- Ms. Doris P. Meister, Exec. VP of Wealth & Institutional Services (Age 62)
Has M&T Bank been receiving favorable news coverage?
News stories about MTB stock have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. M&T Bank earned a media sentiment score of 0.10 on Accern's scale. They also assigned press coverage about the financial services provider an impact score of 47.11 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are M&T Bank's major shareholders?
M&T Bank's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.21%), JPMorgan Chase & Co. (3.85%), Wells Fargo & Company MN (1.09%), Northern Trust Corp (1.05%), American Century Companies Inc. (0.99%) and Principal Financial Group Inc. (0.80%). Company insiders that own M&T Bank stock include Brian E Hickey, D Scott N Warman, Darren J King, Denis J Salamone, Drew J Pfirrman, Gary N Geisel, Gino A Martocci, John L Dangelo, Kevin J Pearson, Mark J Czarnecki, Michael J Todaro, Michael R Spychala, Michele D Trolli, Randolph Michael Kasum, Rene F Jones, Richard S Gold, Robert E Sadler Jr, Robert G Wilmers, Robert J Bojdak, Sabeth Siddique and Wilfried Bernard. View Institutional Ownership Trends for M&T Bank.
Which institutional investors are selling M&T Bank stock?
MTB stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., JPMorgan Chase & Co., Millennium Management LLC, American Century Companies Inc., Neuberger Berman Group LLC, Interval Partners LP, Hsbc Holdings PLC and Prudential Financial Inc.. Company insiders that have sold M&T Bank company stock in the last year include Brian E Hickey, D Scott N Warman, Darren J King, Denis J Salamone, Gary N Geisel, Michael J Todaro, Michael R Spychala, Michele D Trolli, Randolph Michael Kasum, Richard S Gold, Robert E Sadler Jr, Robert J Bojdak, Sabeth Siddique and Wilfried Bernard. View Insider Buying and Selling for M&T Bank.
Which institutional investors are buying M&T Bank stock?
MTB stock was acquired by a variety of institutional investors in the last quarter, including Eaton Vance Management, BlackRock Inc., Toronto Dominion Bank, Loomis Sayles & Co. L P, Seven Eight Capital LP, Arnhold LLC, Federated Investors Inc. PA and The Manufacturers Life Insurance Company . View Insider Buying and Selling for M&T Bank.
How do I buy shares of M&T Bank?
Shares of MTB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is M&T Bank's stock price today?
One share of MTB stock can currently be purchased for approximately $182.84.
How big of a company is M&T Bank?
M&T Bank has a market capitalization of $26.41 billion and generates $6.02 billion in revenue each year. The financial services provider earns $1.41 billion in net income (profit) each year or $9.35 on an earnings per share basis. M&T Bank employs 16,794 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 financial services provider can be reached via phone at 716-635-4000 or via email at [email protected]
MarketBeat Community Rating for M&T Bank (MTB)MarketBeat's community ratings are surveys of what our community members think about M&T Bank and other stocks. Vote "Outperform" if you believe MTB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTB will underperform the S&P 500 over the long term. You may vote once every thirty days.
M&T Bank (NYSE:MTB) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
16 Wall Street analysts have issued ratings and price targets for M&T Bank in the last 12 months. Their average twelve-month price target is $177.7333, suggesting that the stock has a possible downside of 2.79%. The high price target for MTB is $210.00 and the low price target for MTB is $145.00. There are currently 2 sell ratings, 10 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.13||2.13||2.11||1.95|
|Ratings Breakdown: ||2 Sell Rating(s)|
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
12 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|4 Sell Rating(s)|
13 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$177.7333||$177.7333||$173.5625||$161.5556|
|Price Target Upside: ||2.79% downside||0.17% upside||6.20% downside||2.21% downside|
M&T Bank (NYSE:MTB) Consensus Price Target History
M&T Bank (NYSE:MTB) Analyst Ratings History
(Data available from 5/21/2016 forward)
M&T Bank (NYSE:MTB) Dividend Information
M&T Bank pays an annual dividend of $3.00 per share, with a dividend yield of 1.64%. MTB's next quarterly dividend payment will be made on Friday, June 29. M&T Bank pays out 32.09% of its earnings out as a dividend.
|Dividend Growth:||2.30% (3 Year Average)|
|Payout Ratio(s):||32.09% (Trailing 12 Months of Earnings) |
24.06% (Based on This Year's Estimates)
22.29% (Based on Next Year's Estimates)
26.37% (Based on Cash Flow)
M&T Bank (NYSE:MTB) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
M&T Bank (NYSE MTB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.48%
Institutional Ownership Percentage: 78.74%
M&T Bank (NYSE MTB) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|4/26/2018||Sabeth Siddique||Insider||Sell||975||$182.52||$177,957.00||2,759|| |
|3/12/2018||Robert E Sadler Jr||Director||Sell||1,000||$194.85||$194,850.00||52,197|| |
|2/26/2018||Robert J Bojdak||Insider||Sell||1,062||$195.17||$207,270.54||22,071|| |
|2/1/2018||Michael J Todaro||Insider||Sell||1,025||$190.39||$195,149.75||814|| |
|2/1/2018||Richard S Gold||COO||Sell||4,904||$191.50||$939,116.00||44,888|| |
|1/30/2018||Michael J Todaro||Insider||Sell||672||$188.56||$126,712.32||814|| |
|1/29/2018||Darren J King||CFO||Sell||3,834||$191.04||$732,447.36||44,392|| |
|1/23/2018||Michele D Trolli||VP||Sell||6,000||$187.35||$1,124,100.00||8,978|| |
|1/22/2018||D Scott N Warman||Insider||Sell||22,083||$187.97||$4,150,941.51||33,941|| |
|1/22/2018||Denis J Salamone||Director||Sell||31,511||$188.00||$5,924,068.00||125,133|| |
|12/15/2017||Gary N Geisel||Director||Sell||1,046||$170.49||$178,332.54||17,586|| |
|12/12/2017||Michael R Spychala||VP||Sell||6,935||$172.73||$1,197,882.55||51,622|| |
|12/8/2017||Michael R Spychala||VP||Sell||13,417||$170.92||$2,293,233.64||51,622|| |
|12/5/2017||Robert E Sadler Jr||Director||Sell||1,000||$171.19||$171,190.00||52,049|| |
|10/27/2017||Michele D Trolli||VP||Sell||9,730||$167.89||$1,633,569.70||24,708|| |
|9/28/2017||Randolph Michael Kasum||Insider||Sell||530,000||$0.08||$42,400.00|
|9/27/2017||Randolph Michael Kasum||Insider||Sell||150,000||$0.09||$13,500.00|
|9/22/2017||Randolph Michael Kasum||Insider||Sell||200,000||$0.05||$10,000.00|
|9/21/2017||Randolph Michael Kasum||Insider||Sell||800,000||$0.08||$64,000.00|
|9/12/2017||Sabeth Siddique||Insider||Sell||950||$147.17||$139,811.50||1,488|| |
|8/15/2017||Randolph Michael Kasum||Insider||Sell||89,000||$0.10||$8,900.00|
|8/14/2017||Randolph Michael Kasum||Insider||Sell||59,000||$0.10||$5,900.00|
|8/11/2017||Randolph Michael Kasum||Insider||Sell||294,000||$0.09||$26,460.00|
|8/10/2017||Randolph Michael Kasum||Insider||Sell||116,000||$0.09||$10,440.00|
|8/9/2017||Robert J Bojdak||Insider||Sell||1,200||$163.42||$196,104.00||20,217|| |
|8/4/2017||Michele D Trolli||VP||Sell||8,908||$164.25||$1,463,139.00||23,091|| |
|6/9/2017||Richard S Gold||Insider||Sell||6,904||$162.71||$1,123,349.84||39,326|| |
|5/23/2017||Brian E Hickey||Insider||Sell||2,000||$162.02||$324,040.00||12,169|| |
|2/24/2017||John L Dangelo||VP||Sell||1,000||$168.56||$168,560.00||1,829|| |
|2/6/2017||Sabeth Siddique||Insider||Sell||1,900||$162.62||$308,978.00||2,654|| |
|2/1/2017||Gino A Martocci||Insider||Sell||3,079||$164.98||$507,973.42||12,747|| |
|1/31/2017||D Scott N Warman||Insider||Sell||1,055||$162.32||$171,247.60||13,169|| |
|1/25/2017||D Scott N Warman||Insider||Sell||1,000||$161.36||$161,360.00||12,380|| |
|12/14/2016||D Scott N Warman||Insider||Sell||1,899||$152.74||$290,053.26||13,380|| |
|11/22/2016||Michael J Todaro||Insider||Sell||13,101||$141.68||$1,856,149.68||15,155|| |
|11/15/2016||Michael J Todaro||Insider||Sell||8,788||$136.05||$1,195,607.40||10,842|| |
|11/8/2016||Brian E Hickey||Insider||Sell||13,167||$124.98||$1,645,611.66||25,055|| |
|11/7/2016||Darren J King||CFO||Sell||8,762||$123.01||$1,077,813.62||17,983|| |
|11/7/2016||Rene F Jones||EVP||Sell||15,740||$124.31||$1,956,639.40||61,474|| |
|11/4/2016||D Scott N Warman||Insider||Sell||1,000||$122.18||$122,180.00||14,307|| |
|11/2/2016||Mark J Czarnecki||President||Sell||93,543||$121.51||$11,366,409.93||57,385|| |
|11/1/2016||Robert J Bojdak||Insider||Sell||1,095||$122.01||$133,600.95||21,373|| |
|10/31/2016||Richard S Gold||Insider||Sell||7,249||$123.00||$891,627.00||49,899|| |
|10/27/2016||Richard S Gold||Insider||Sell||14,496||$120.52||$1,747,057.92||49,370|| |
|10/21/2016||D Scott N Warman||Insider||Sell||2,000||$118.72||$237,440.00||15,307|| |
|10/20/2016||Richard S Gold||Insider||Sell||7,500||$119.00||$892,500.00||49,874|| |
|8/31/2016||Robert G Wilmers||CEO||Sell||60,363||$118.32||$7,142,150.16||2,490,996|| |
|8/29/2016||Robert G Wilmers||CEO||Sell||39,637||$118.38||$4,692,228.06||2,490,996|| |
|8/26/2016||Kevin J Pearson||Insider||Sell||33,379||$116.75||$3,896,998.25||61,094|| |
|8/26/2016||Michele D Trolli||VP||Sell||5,000||$117.88||$589,400.00||11,679|| |
|8/26/2016||Robert G Wilmers||Chairman||Sell||100,000||$117.76||$11,776,000.00||2,598,729|| |
|8/25/2016||Drew J Pfirrman||VP||Sell||500||$117.47||$58,735.00||3,090|| |
|8/25/2016||Robert J Bojdak||Insider||Sell||1,152||$117.37||$135,210.24||21,430|| |
|8/18/2016||Brian E Hickey||Insider||Sell||6,017||$117.45||$706,696.65||17,905|| |
|8/9/2016||Michael J Todaro||Insider||Sell||1,700||$117.57||$199,869.00||2,972|| |
|8/1/2016||Drew J Pfirrman||VP||Sell||3,920||$114.44||$448,604.80||3,590|| |
|5/12/2016||Mark J Czarnecki||President||Sell||25,332||$115.03||$2,913,939.96||84,022|| |
|4/28/2016||D Scott N Warman||EVP||Sell||503||$119.72||$60,219.16||17,307|| |
|4/22/2016||John L Dangelo||VP||Sell||1,050||$119.13||$125,086.50||2,119|| |
|12/16/2015||Richard S. Gold||EVP||Sell||6,225||$125.37||$780,428.25||40,393|| |
|12/15/2015||Janet M. Coletti||EVP||Sell||5,666||$124.06||$702,923.96||8,771|| |
|12/15/2015||Michael R. Spychala||VP||Sell||7,090||$124.59||$883,343.10||36,733|| |
|12/2/2015||Gino A. Martocci||EVP||Sell||3,634||$125.66||$456,648.44||8,977|| |
|12/1/2015||Darren J. King||EVP||Sell||8,869||$126.33||$1,120,420.77||17,566|| |
|11/12/2015||Robert J. Bojdak||EVP||Sell||12,456||$123.89||$1,543,173.84||23,036|| |
|10/26/2015||Kevin J. Pearson||EVP||Sell||20,435||$122.37||$2,500,630.95||26,050|| |
|7/22/2015||John L Dangelo||VP||Sell||2,670||$132.75||$354,442.50|| |
|6/15/2015||D Scott N Warman||EVP||Sell||915||$126.31||$115,573.65|| |
|8/13/2014||Kevin J Pearson||EVP||Sell||10,055||$120.07||$1,207,303.85|| |
|8/4/2014||Jorge G Pereira||Chairman||Sell||17,241||$119.49||$2,060,127.09|| |
|8/1/2014||Jorge G Pereira||Chairman||Sell||14,470||$120.67||$1,746,094.90|| |
|7/30/2014||Jorge G Pereira||Chairman||Sell||68,289||$122.74||$8,381,791.86|| |
|7/21/2014||Robert J Bojdak||EVP||Sell||1,026||$121.92||$125,089.92|| |
|6/13/2014||Rene F Jones||CFO||Sell||4,800||$123.09||$590,832.00|| |
|2/27/2014||Richard Gold||EVP||Sell||9,783||$115.37||$1,128,664.71||40,745|| |
|2/10/2014||Stephen Braunscheidel||EVP||Sell||7,000||$112.50||$787,500.00|| |
|2/6/2014||Gino Martocci||EVP||Sell||1,100||$111.44||$122,584.00||11,802|| |
|2/4/2014||Stephen Braunscheidel||EVP||Sell||1,985||$110.73||$219,799.05|| |
|1/21/2014||Robert Bojdak||EVP||Sell||31,843||$111.10||$3,537,757.30||27,230|| |
|10/22/2013||Michael R Spychala||VP||Sell||1,342||$113.26||$151,994.92|| |
|7/22/2013||Darren J King||EVP||Sell||10,396||$118.93||$1,236,396.28|| |
|7/19/2013||Michele D Trolli||VP||Sell||4,962||$119.00||$590,478.00|| |
|7/19/2013||Stephen J Braunscheidel||EVP||Sell||44,643||$118.14||$5,274,124.02|| |
|6/28/2013||Richard S Gold||EVP||Sell||6,898||$112.01||$772,644.98|| |
|5/22/2013||Richard S Gold||EVP||Sell||7,000||$107.00||$749,000.00|| |
|3/12/2013||Richard G King||Director||Buy||1,250||$104.17||$130,212.50|| |
|11/1/2012||Robert G Wilmers||CEO||Sell||300,000||$104.22||$31,266,000.00|| |
|8/8/2012||Rene F Jones||CFO||Sell||4,000||$86.70||$346,800.00|| |
M&T Bank (NYSE MTB) News Headlines
M&T Bank (NYSE:MTB) SEC Filings
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M&T Bank (NYSE:MTB) Income Statement, Balance Sheet and Cash Flow Statement
M&T Bank (NYSE MTB) Stock Chart for Monday, May, 21, 2018