NYSE:MTB

M&T Bank Stock Forecast, Price & News

$147.59

+0.46 (+0.31 %)

(As of 06/23/2021 01:33 PM ET)

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Today's Range

$146.40

▼

$148.05

50-Day Range

$142.98

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$167.27

52-Week Range

$88.48

▼

$168.27

Volume16,882 shs

Average Volume904,103 shs

Market Capitalization$18.99 billion

P/E Ratio13.01

Dividend Yield2.98%

Beta1.2

30 days | 90 days | 365 days | Advanced Chart

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About M&T Bank

M&T Bank Corporation operates as a bank holding company that provides commercial and retail 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 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 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 originated by other entities. 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; investment management; and insurance agency services. It offers its services through banking offices, business banking centers, telephone and Internet banking, mobile banking, and automated teller machines. As of December 31, 2020, the company operates 716 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; a full-service commercial banking office in Ontario, Canada; and an office in George Town, Cayman Islands. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

M&T Bank Launches Access to New Capability, Wilmington Advisors @ M&T, Providing Enhanced Retail Brokerage and Advisory Services through LPL Financial
June 23, 2021 | finance.yahoo.com

M&T Bank has filed its first-ever ESG disclosure. Here’s why that matters
June 23, 2021 | bizjournals.com

Ravens Fans Can Attend 13 Open Training Camp Practices: 12 In Owings Mills, 1 At M&T Bank Stadium
June 22, 2021 | msn.com

Ravens Training Camp to Feature 12 Open Practices, 1 Session at M&T Bank Stadium
June 22, 2021 | msn.com

Previously convicted bank robber heading back to prison for escape, two more robberies
June 18, 2021 | msn.com

M&T Bank Corporation: Fed Holds Rates Steady, Sees Rate Hikes Likely by 2023, Still Waiting on Tapering
June 17, 2021 | finance.yahoo.com

M&T Bank and Life-Skills App Magnusmode Collaborate to Support Customers with Autism, Cognitive and Intellectual Disabilities
June 15, 2021 | finance.yahoo.com

Ravens Host Job Fair At M&T Bank Stadium On Sunday
June 14, 2021 | msn.com

Ravens, M&T Bank Stadium Holding Job Fair For Stadium Workers
June 13, 2021 | msn.com

M&T Outlines Employee Demographics in First Annual ESG Report
June 8, 2021 | bloomberg.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:MTB
Previous Symbol
CUSIP55261F10
CIK36270
Webwww.mtb.com
Phone716-635-4000
Employees17,373
Year Founded1856

Sales & Book Value

Annual Sales$6.28 billion
Price / Sales3.02
Cash Flow$12.49 per share
Price / Cash Flow11.82
Book Value$116.43 per share
Price / Book1.27

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares128,654,000
Market Cap$18.99 billion
Next Earnings Date7/21/2021 (Confirmed)
OptionableOptionable

Social Links

MarketRank^™

Overall MarketRank^™

1.99 out of 5 stars

Finance Sector

222nd out of 1,980 stocks

State Commercial Banks Industry

29th out of 312 stocks

1.2 Analyst's Opinion

Consensus Rating
M&T Bank has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 4 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $159.83, M&T Bank has a forecasted upside of 8.9% from its current price of $146.74.
Amount of Analyst Coverage
M&T Bank has only been the subject of 4 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
M&T Bank has received 204 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
M&T Bank has received 280 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
M&T Bank has received 57.85% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
M&T Bank pays a meaningful dividend of 2.98%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
M&T Bank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of M&T Bank is 43.91%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, M&T Bank will have a dividend payout ratio of 34.87% next year. This indicates that M&T Bank will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, M&T Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,425,561.00 in company stock.
Percentage Held by Insiders
Only 0.64% of the stock of M&T Bank is held by insiders.
Percentage Held by Institutions
83.71% of the stock of M&T Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for M&T Bank are expected to decrease by -4.47% in the coming year, from $13.21 to $12.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of M&T Bank is 12.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of M&T Bank is 12.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.74.
Price to Earnings Growth Ratio
M&T Bank has a PEG Ratio of 0.77. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
M&T Bank has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

M&T Bank (NYSE:MTB) Frequently Asked Questions

Is M&T Bank a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" M&T Bank stock. 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 analyst ratings for M&T Bank or view top-rated stocks.

What stocks does MarketBeat like better than M&T Bank?

Wall Street analysts have given M&T Bank a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but M&T Bank wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

M&T Bank is scheduled to release its next quarterly earnings announcement on Wednesday, July 21st 2021.
View our earnings forecast for M&T Bank.

How can I listen to M&T Bank's earnings call?

M&T Bank will be holding an earnings conference call on Wednesday, July 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 404-537-3406 with passcode "1338608".

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

M&T Bank Co. (NYSE:MTB) announced its quarterly earnings data on Sunday, April, 18th. The financial services provider reported $3.33 earnings per share for the quarter, beating the Zacks' consensus estimate of $3.00 by $0.33. The financial services provider had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. M&T Bank had a net margin of 24.89% and a trailing twelve-month return on equity of 10.39%. During the same period in the previous year, the business earned $1.93 earnings per share.
View M&T Bank's earnings history.

How has M&T Bank's stock price been impacted by COVID-19 (Coronavirus)?

M&T Bank's stock was trading at $111.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MTB shares have increased by 32.7% and is now trading at $147.59.
View which stocks have been most impacted by COVID-19.

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 Tuesday, May 18th. Shareholders of record on Tuesday, June 1st will be given a dividend of $1.10 per share on Wednesday, June 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, May 28th.
View M&T Bank's dividend history.

Is M&T Bank a good dividend stock?

M&T Bank pays an annual dividend of $4.40 per share and currently has a dividend yield of 2.98%. M&T Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of M&T Bank is 43.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, M&T Bank will have a dividend payout ratio of 34.87% next year. This indicates that M&T Bank will be able to sustain or increase its dividend.
View M&T Bank's dividend history.

How will M&T Bank's stock buyback program work?

M&T Bank announced that its board has authorized a share buyback plan on Wednesday, January 20th 2021, which authorizes the company to repurchase $800,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

What price target have analysts set for MTB?

9 analysts have issued 12 month price targets for M&T Bank's stock. Their forecasts range from $111.00 to $180.00. On average, they anticipate M&T Bank's stock price to reach $159.83 in the next year. This suggests a possible upside of 8.3% from the stock's current price.
View analysts' price targets for M&T Bank or view top-rated stocks among Wall Street analysts.

Who are M&T Bank's key executives?

M&T Bank's management team includes the following people:

Mr. Rene F. Jones CPA, Chairman & CEO (Age 56, Pay $1.92M)
Mr. Richard S. Gold, Pres, COO & Director (Age 60, Pay $1.46M)
Mr. Darren J. King, Exec. VP & CFO (Age 51, Pay $1.31M)
Mr. Kevin J. Pearson, Vice Chairman & Director (Age 59, Pay $1.46M)
Ms. Doris Powers Meister, Exec. VP of Wealth & Institutional Services (Age 65, Pay $1.24M)
Mr. Michael R. Spychala, Sr. VP, Controller & Principal Accounting Officer
Mr. Donald J. MacLeod, Admin. VP, Assistant Sec. & Director of IR
Ms. Marianne E. Roche, Chief Regulatory Counsel & Enterprise Compliance Risk Mang.
Ms. Laura P. O'Hara, Exec. VP & Gen. Counsel
Mr. Francesco Lagutaine, Sr. VP and Chief Marketing & Communications Officer

What is Rene F Jones' approval rating as M&T Bank's CEO?

160 employees have rated M&T Bank CEO Rene F Jones on Glassdoor.com. Rene F Jones has an approval rating of 86% among M&T Bank's employees.

Who are some of M&T Bank's key competitors?

Some companies that are related to M&T Bank include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION), Commerce Bancshares (CBSH) and First Citizens BancShares (FCNCA).
View all of MTB's competitors.

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).

What is M&T Bank's stock symbol?

M&T Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTB."

Who are M&T Bank's major shareholders?

M&T Bank's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.89%), JPMorgan Chase & Co. (3.29%), Geode Capital Management LLC (1.83%), Northern Trust Corp (1.09%), Loomis Sayles & Co. L P (0.99%) and Amundi Asset Management US Inc. (0.92%). Company insiders that own M&T Bank stock include D Scott N Warman, Darren J King, Denis J Salamone, Doris P Meister, John L Dangelo, Michael J Todaro, Michele D Trolli, Richard S Gold and William J Farrell II.
View institutional ownership trends for M&T Bank.

Which major 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., Principal Financial Group Inc., BlackRock Inc., Allianz Asset Management GmbH, Nuveen Asset Management LLC, Loomis Sayles & Co. L P, M&G Investment Management Ltd., and Mitsubishi UFJ Trust & Banking Corp. Company insiders that have sold M&T Bank company stock in the last year include D Scott N Warman, Denis J Salamone, Doris P Meister, and Michele D Trolli.
View insider buying and selling activity for M&T Bank or view top insider-selling stocks.

Which major investors are buying M&T Bank stock?

MTB stock was bought by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Amundi Asset Management US Inc., Los Angeles Capital Management LLC, JPMorgan Chase & Co., Royal Bank of Canada, Absher Wealth Management LLC, NFJ Investment Group LLC, and Brandywine Global Investment Management LLC.
View insider buying and selling activity for M&T Bank or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is M&T Bank's stock price today?

One share of MTB stock can currently be purchased for approximately $147.59.

How much money does M&T Bank make?

M&T Bank has a market capitalization of $18.99 billion and generates $6.28 billion in revenue each year. The financial services provider earns $1.35 billion in net income (profit) each year or $10.02 on an earnings per share basis.

How many employees does M&T Bank have?

M&T Bank employs 17,373 workers across the globe.

When was M&T Bank founded?

M&T Bank was founded in 1856.

What is M&T Bank's official website?

The official website for M&T Bank is www.mtb.com.

Where are M&T Bank's headquarters?

M&T Bank is headquartered at ONE M&T PLAZA, BUFFALO NY, 14203.

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]

This page was last updated on 6/23/2021 by MarketBeat.com Staff

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