NYSE:MTB

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

$155.29
+1.50 (+0.98%)
(As of 11:56 AM ET)
Today's Range
$153.42
$155.76
50-Day Range
$134.56
$155.06
52-Week Range
$108.53
$156.65
Volume
112,873 shs
Average Volume
1.11 million shs
Market Capitalization
$25.91 billion
P/E Ratio
10.50
Dividend Yield
3.35%
Price Target
$158.48

M&T Bank MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
3.0% Upside
$158.48 Price Target
Short Interest
Healthy
1.64% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.65mentions of M&T Bank in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$19.71 M Sold Last Quarter
Proj. Earnings Growth
17.05%
From $14.02 to $16.41 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.

4.88 out of 5 stars

Finance Sector

51st out of 864 stocks

State Commercial Banks Industry

11th out of 175 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

John P. Barnes Sells 43,426 Shares of M&T Bank Co. (NYSE:MTB) Stock
Baltimore Ravens' 2024 schedule leaks tracker
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
5/20/2024
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
$158.48
High Stock Price Target
$180.00
Low Stock Price Target
$133.65
Potential Upside/Downside
+3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
14 Analysts

Profitability

Net Income
$2.74 billion
Pretax Margin
25.50%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$19.79 per share
Book Value
$150.31 per share

Miscellaneous

Free Float
165,486,000
Market Cap
$25.66 billion
Optionable
Optionable
Beta
0.78

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MTB Stock Analysis - Frequently Asked Questions

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 9 hold ratings and 5 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?

14 equities research analysts have issued 1-year price objectives for M&T Bank's shares. Their MTB share price targets range from $133.65 to $180.00. On average, they expect the company's share price to reach $158.48 in the next twelve months. This suggests a possible upside of 1.9% 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 start of the year. Since then, MTB stock has increased by 13.5% and is now trading at $155.59.
View the best growth stocks for 2024 here
.

Are investors shorting M&T Bank?

M&T Bank saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 3,050,000 shares, a drop of 14.6% from the March 31st total of 3,570,000 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 2.6 days.
View M&T Bank's Short Interest
.

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 EPS for the quarter, missing the consensus estimate 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 last year, the firm posted $4.09 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 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 3.34%. 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 3.38%. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. 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 31.69% 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 initiated a share buyback program on Tuesday, July 19th 2022, which permits the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 9.7% of its shares through open market purchases. Shares buyback programs are often 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.56%), Bank of New York Mellon Corp (0.88%), LSV Asset Management (0.62%), Sumitomo Mitsui Trust Holdings Inc. (0.30%), Los Angeles Capital Management LLC (0.25%) and Anchor Capital Advisors LLC (0.24%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Daryl N Bible, Doris P Meister, Doris P Meister, Edna Jennifer Warren, Gary N Geisel, Jeffrey J Tengel, John P Barnes, Kevin J Pearson, Kirk W Walters, Lee C Powlus, Michael J Todaro, Michele D Trolli, Paul J Hennessy, 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 5/20/2024 by MarketBeat.com Staff

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