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DOW   39,069.11
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My wife was skeptical... until I showed her my account balance. (Ad)
Roku stock and the mother of all entry opportunities
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Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Why Banks Could See a "Cash Frenzy" on March 11 (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
My wife was skeptical... until I showed her my account balance. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Why Banks Could See a "Cash Frenzy" on March 11 (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Why Banks Could See a "Cash Frenzy" on March 11 (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
My wife was skeptical... until I showed her my account balance. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Why Banks Could See a "Cash Frenzy" on March 11 (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Why Banks Could See a "Cash Frenzy" on March 11 (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NYSE:MTB

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

$137.98
+0.86 (+0.63%)
(As of 02/22/2024 ET)
Today's Range
$136.71
$139.57
50-Day Range
$130.47
$143.74
52-Week Range
$108.53
$158.66
Volume
1.43 million shs
Average Volume
1.29 million shs
Market Capitalization
$22.90 billion
P/E Ratio
8.74
Dividend Yield
3.77%
Price Target
$149.71

M&T Bank MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.5% Upside
$149.71 Price Target
Short Interest
Healthy
2.23% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.80mentions of M&T Bank in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$10.46 M Sold Last Quarter
Proj. Earnings Growth
11.18%
From $14.31 to $15.91 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.

4.85 out of 5 stars

Finance Sector

49th out of 816 stocks

State Commercial Banks Industry

14th out of 171 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 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.

MTB Stock Price History

MTB Stock News Headlines

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
M&T Bank CEO celebrates Black Heritage
Insider Stock Buying Reaches US$1.82m On M&T Bank
MTB Mar 2024 115.000 put
MTB Mar 2024 75.000 put
MTB Mar 2024 160.000 call
M&T Bank Corp.
Is M&T Bank Corporation (MTB) Intelligently Managed?
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Last Earnings
1/18/2024
Today
2/22/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/15/2024
Fiscal Year End
12/31/2024
Ex-Dividend for 3/29 Dividend
1/01/2100

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
CUSIP
55261F10
Employees
22,808
Year Founded
1856

Price Target and Rating

Average Stock Price Target
$149.71
High Stock Price Target
$179.00
Low Stock Price Target
$130.00
Potential Upside/Downside
+8.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
14 Analysts

Profitability

Net Income
$2.74 billion
Pretax Margin
28.38%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$17.30 per share
Book Value
$150.31 per share

Miscellaneous

Free Float
164,350,000
Market Cap
$22.97 billion
Optionable
Optionable
Beta
0.80

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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, February 20, 2024 at 2:38 PM.

Pros

Here are some ways that investors could benefit from investing in M&T Bank Co.:

  • Recent developments show M&T Bank Corporation operates as a bank holding company with a long-standing history since 1856, providing stability and trust to investors.
  • M&T Bank Co. offers a wide range of banking services, including telephone and internet banking, providing convenience and accessibility to customers.
  • With the acquisition, exploration, and evaluation of mineral properties in Canada, M&T Bank Co. diversifies its portfolio, potentially increasing profitability.
  • Mount Burgess Mining N.L., a subsidiary of M&T Bank Co., engages in the exploration and development of mineral resource properties, offering additional growth opportunities.
  • The current stock price of M&T Bank Co. is competitive, providing a potentially attractive entry point for investors looking for value.

Cons

Investors should be bearish about investing in M&T Bank Co. for these reasons:

  • MTB Metals Corp., a subsidiary of M&T Bank Co., focuses on mineral exploration, which can be a volatile industry subject to market fluctuations.
  • While M&T Bank Co. offers a wide range of banking services, increased competition in the banking sector may impact its market share and profitability.
  • Investing in mineral properties carries inherent risks related to exploration success, regulatory challenges, and commodity price fluctuations.
  • Mount Burgess Mining N.L., a subsidiary of M&T Bank Co., operates in Botswana, which may pose geopolitical and operational risks affecting its operations.
  • Market conditions and economic factors can impact the stock price of M&T Bank Co., leading to potential fluctuations in investment returns.














MTB Stock Analysis - Frequently Asked Questions

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

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

What is M&T Bank's stock price target for 2024?

14 Wall Street analysts have issued 12 month price targets for M&T Bank's shares. Their MTB share price targets range from $130.00 to $179.00. On average, they expect the company's share price to reach $149.71 in the next twelve months. This suggests a possible upside of 8.5% 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 0.7% and is now trading at $137.98.
View the best growth stocks for 2024 here
.

When is M&T Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 15th 2024.
View our MTB earnings forecast
.

How were M&T Bank's earnings last quarter?

M&T Bank Co. (NYSE:MTB) posted its earnings results on Thursday, January, 18th. The financial services provider reported $2.74 EPS for the quarter, missing analysts' consensus estimates of $3.10 by $0.36. The financial services provider earned $3.32 billion during the quarter, compared to the consensus estimate of $2.27 billion. M&T Bank had a trailing twelve-month return on equity of 11.59% and a net margin of 21.49%. During the same quarter in the prior year, the company posted $4.57 earnings per share.
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. Shareholders 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 dividend yield of 3.77%.
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 3.79%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 32.68% 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 announced that its Board of Directors has initiated a share buyback plan on Tuesday, July 19th 2022, which permits the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 9.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors 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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.71%), State Farm Mutual Automobile Insurance Co. (2.48%), Charles Schwab Investment Management Inc. (2.16%), Massachusetts Financial Services Co. MA (1.04%), M&T Bank Corp (1.03%) and Norges Bank (1.02%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Daryl N Bible, David K Norton, Doris P Meister, Edna Jennifer Warren, Gary N Geisel, George P Carter, Jeffrey J Tengel, Jerry Franklin, John P Barnes, Kevin J Pearson, Kirk W Walters, Lee C Powlus, Mark F Herron, Michael J Todaro, Michele D Trolli, Paul J Hennessy, R David Rosato, 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 2/23/2024 by MarketBeat.com Staff

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