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

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTB shares.
View MTB analyst ratings or view top-rated stocks.

15 Wall Street analysts have issued 12-month price targets for M&T Bank's stock. Their MTB share price forecasts range from $132.00 to $195.00. On average, they anticipate the company's stock price to reach $157.41 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price.
View analysts price targets for MTB or view top-rated stocks among Wall Street analysts.

M&T Bank's stock was trading at $145.06 at the beginning of 2023. Since then, MTB shares have decreased by 14.1% and is now trading at $124.54.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our MTB earnings forecast.

M&T Bank will be holding an earnings conference call on Wednesday, October 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) announced its earnings results on Wednesday, July, 19th. The financial services provider reported $5.05 EPS for the quarter, beating analysts' consensus estimates of $4.16 by $0.89. The financial services provider had revenue of $3.32 billion for the quarter, compared to analysts' expectations of $2.39 billion. M&T Bank had a net margin of 26.30% and a trailing twelve-month return on equity of 13.26%. During the same quarter last year, the company earned $3.10 earnings per share.
Read the conference call transcript.

M&T Bank announced a quarterly dividend on Tuesday, August 15th. Investors of record on Friday, September 1st will be paid a dividend of $1.30 per share on Friday, September 29th. This represents a $5.20 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, August 31st.
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 (NYSE:MTB) pays an annual dividend of $5.20 per share and currently has a dividend yield of 4.14%. MTB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.81%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 34.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTB.

M&T Bank announced that its board has approved a stock repurchase program 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 stock through open market purchases. Stock buyback programs are usually an indication 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTB."

M&T Bank's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.80%), State Street Corp (4.73%), JPMorgan Chase & Co. (3.67%), Geode Capital Management LLC (2.22%), Charles Schwab Investment Management Inc. (2.14%) and Northern Trust Corp (0.97%). 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.

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.

One share of MTB stock can currently be purchased for approximately $124.54.

M&T Bank (NYSE:MTB) has a market capitalization of $20.67 billion and generates $8.60 billion in revenue each year. The financial services provider earns $1.99 billion in net income (profit) each year or $16.88 on an earnings per share basis.

The company employs 22,808 workers across the globe.

M&T Bank's mailing address is ONE M&T PLAZA, BUFFALO NY, 14203. The official website for the company is www.mtb.com. The financial services provider can be reached via phone at (716) 635-4000, via email at ir@mtb.com, or via fax at 716-842-5021.