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

13 Wall Street 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 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.
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13 analysts have issued 12-month price targets 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 year. This suggests a possible upside of 11.9% from the stock's current price.
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M&T Bank's stock was trading at $145.06 on January 1st, 2023. Since then, MTB shares have decreased by 9.8% and is now trading at $130.83.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our MTB earnings forecast.

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.

M&T Bank Co. (NYSE:MTB) posted its quarterly earnings data on Wednesday, October, 18th. The financial services provider reported $3.98 earnings per share for the quarter, beating the consensus estimate of $3.88 by $0.10. The financial services provider earned $3.20 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $3.83 EPS.
Read the conference call transcript.

M&T Bank announced a quarterly dividend on Tuesday, November 14th. Shareholders 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 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for MTB.

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.

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).

M&T Bank declared that its Board of Directors has authorized a share 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 buy up to 9.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

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.

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).

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, 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.
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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.
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