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Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Expanded IRS free-file system one step closer in Dems' bill
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Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Apple (AAPL) is making moves behind the scenes to prepare for a downturn... (Ad)
NYSE:MTB

M&T Bank - MTB Stock Forecast, Price & News

$189.82
+2.95 (+1.58%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$186.57
$189.88
50-Day Range
$150.57
$189.82
52-Week Range
$131.42
$189.88
Volume
631,310 shs
Average Volume
1.07 million shs
Market Capitalization
$34.06 billion
P/E Ratio
17.64
Dividend Yield
2.57%
Price Target
$198.71

M&T Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
4.7% Upside
$198.71 Price Target
Short Interest
Healthy
2.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
-0.19mentions of M&T Bank in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$5.14 M Sold Last Quarter
Proj. Earnings Growth
30.70%
From $15.21 to $19.88 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.03 out of 5 stars

Finance Sector

65th out of 926 stocks

State Commercial Banks Industry

18th out of 193 stocks

MTB stock logo

About M&T Bank (NYSE:MTB) Stock

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; insurance agency; institutional brokerage and securities; and investment management services. It offers its services through banking offices, business banking centers, telephone and internet banking, and automated teller machines. As of December 31, 2021, the company operates 688 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTB. TheStreet cut shares of M&T Bank from a "b" rating to a "c+" rating in a research report on Wednesday, July 20th. Jefferies Financial Group decreased their price target on shares of M&T Bank from $192.00 to $175.00 and set a "hold" rating for the company in a research note on Monday, July 11th. Robert W. Baird raised shares of M&T Bank from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $175.00 to $200.00 in a research note on Friday, June 17th. Morgan Stanley upped their target price on shares of M&T Bank from $203.00 to $222.00 and gave the stock an "overweight" rating in a report on Thursday, July 21st. Finally, Wells Fargo & Company lowered their price objective on M&T Bank from $195.00 to $175.00 and set an "equal weight" rating for the company in a research note on Friday, July 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $198.71.

M&T Bank Stock Performance

Shares of NYSE:MTB traded up $2.95 during trading on Friday, hitting $189.82. 631,310 shares of the company were exchanged, compared to its average volume of 1,071,749. The company has a market cap of $34.06 billion, a PE ratio of 17.64, a P/E/G ratio of 0.83 and a beta of 0.91. M&T Bank has a 52-week low of $131.42 and a 52-week high of $189.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.98 and a quick ratio of 1.05. The stock has a 50 day moving average of $167.64 and a 200 day moving average of $171.42.

M&T Bank (NYSE:MTB - Get Rating) last announced its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($1.67). M&T Bank had a net margin of 23.21% and a return on equity of 10.76%. During the same period in the prior year, the firm earned $3.45 EPS. As a group, equities research analysts predict that M&T Bank will post 15.21 EPS for the current year.

M&T Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.53%. M&T Bank's dividend payout ratio (DPR) is currently 44.61%.

Insider Buying and Selling

In other M&T Bank news, EVP Robert J. Bojdak sold 525 shares of the firm's stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $177.82, for a total value of $93,355.50. Following the sale, the executive vice president now owns 19,075 shares of the company's stock, valued at approximately $3,391,916.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Robert J. Bojdak sold 525 shares of the company's stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $177.82, for a total value of $93,355.50. Following the transaction, the executive vice president now directly owns 19,075 shares in the company, valued at $3,391,916.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kirk W. Walters sold 21,116 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $180.00, for a total transaction of $3,800,880.00. Following the completion of the transaction, the director now directly owns 6,134 shares in the company, valued at approximately $1,104,120. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,841 shares of company stock worth $5,136,212. Corporate insiders own 0.73% of the company's stock.

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MTB Stock News Headlines

M&T Bank Co. (NYSE:MTB) Director Sells $3,800,880.00 in Stock
StockNews.com Downgrades M&T Bank (NYSE:MTB) to Sell
Why Invest in M&T Bank Corporation (MTB)?
M&T Bank (NYSE:MTB) Downgraded by StockNews.com
Wedbush Raises M&T Bank (NYSE:MTB) Price Target to $188.00
Barclays Trims M&T Bank (NYSE:MTB) Target Price to $238.00
M&T Bank (NYSE:MTB) Downgraded by TheStreet
Scam text claims to be from M&T Bank
M&T Bank Corporation (MTB) Q2 Earnings Meet Estimates
See More Headlines
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MTB Company Calendar

Ex-Dividend for 6/30 Dividend
5/31/2022
Dividend Payable
6/30/2022
Last Earnings
7/20/2022
Today
8/13/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
55261F10
Employees
17,569
Year Founded
1856

Price Target and Rating

Average Stock Price Forecast
$198.71
High Stock Price Forecast
$238.00
Low Stock Price Forecast
$170.00
Forecasted Upside/Downside
+4.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$1.86 billion
Pretax Margin
30.43%

Debt

Sales & Book Value

Annual Sales
$6.11 billion
Cash Flow
$17.54 per share
Book Value
$132.56 per share

Miscellaneous

Free Float
178,107,000
Market Cap
$34.06 billion
Optionable
Optionable
Beta
0.91

Social Links


Key Executives

  • Mr. Rene F. Jones CPA (Age 57)
    Chairman & CEO
    Comp: $2.62M
  • Mr. Richard S. Gold (Age 61)
    Pres & COO
    Comp: $1.83M
  • Mr. Darren J. King (Age 52)
    Sr. EVP & CFO
    Comp: $1.59M
  • Mr. Kevin J. Pearson (Age 60)
    Vice Chairman
    Comp: $1.83M
  • Ms. Doris Powers Meister (Age 66)
    Exec. VP of Wealth & Institutional Services
    Comp: $1.61M
  • Mr. Michael R. Spychala
    Sr. VP, Controller & Principal Accounting Officer
  • Mr. Brian Paul Klock
    Sr. VP and Head of Markets & Investor Relations
  • Ms. Marianne E. Roche
    Chief Regulatory Counsel & Enterprise Compliance Risk Mang.
  • Ms. Laura P. O'Hara
    Sr. EVP & Gen. Counsel
  • Mr. Francesco Lagutaine
    Sr. VP and Chief Marketing & Communications Officer













MTB Stock - Frequently Asked Questions

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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTB shares.
View MTB analyst ratings
or view top-rated stocks.

What is M&T Bank's stock price forecast for 2022?

12 equities research analysts have issued 1-year price targets for M&T Bank's stock. Their MTB share price forecasts range from $170.00 to $238.00. On average, they anticipate the company's stock price to reach $198.71 in the next year. This suggests a possible upside of 4.7% 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 2022?

M&T Bank's stock was trading at $153.58 at the beginning of 2022. Since then, MTB stock has increased by 23.6% and is now trading at $189.82.
View the best growth stocks for 2022 here
.

Are investors shorting M&T Bank?

M&T Bank saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,650,000 shares, an increase of 24.6% from the July 15th total of 2,930,000 shares. Based on an average daily volume of 1,100,000 shares, the days-to-cover ratio is currently 3.3 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, October 19th 2022.
View our MTB earnings forecast
.

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

M&T Bank Co. (NYSE:MTB) released its quarterly earnings results on Wednesday, July, 20th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $2.75 by $1.67. M&T Bank had a trailing twelve-month return on equity of 10.76% and a net margin of 23.21%. During the same quarter in the previous year, the company posted $3.45 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 announced a quarterly dividend on Tuesday, May 17th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $1.20 per share on Thursday, June 30th. This represents a $4.80 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Tuesday, May 31st.
Read our dividend analysis for MTB
.

Is M&T Bank a good dividend stock?

M&T Bank (NYSE:MTB) pays an annual dividend of $4.80 per share and currently has a dividend yield of 2.57%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 24.14% 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 has authorized a stock buyback 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 repurchase up to 9.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is 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).

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 a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (4.52%), JPMorgan Chase & Co. (2.99%), Wells Fargo & Company MN (1.68%), M&T Bank Corp (1.10%), Northern Trust Corp (1.02%) and Pendal Group Ltd (0.39%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Darren J King, Denis J Salamone, Doris P Meister, Edna Jennifer Warren, John L Dangelo, Kevin J Pearson, Kirk W Walters, Michael J Todaro, Michele D Trolli, Richard S Gold and Robert J Bojdak.
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 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 $189.82.

How much money does M&T Bank make?

M&T Bank (NYSE:MTB) has a market capitalization of $34.06 billion and generates $6.11 billion in revenue each year. The financial services provider earns $1.86 billion in net income (profit) each year or $10.76 on an earnings per share basis.

How many employees does M&T Bank have?

The company employs 17,569 workers across the globe.

When was M&T Bank founded?

M&T Bank was founded in 1856.

How can I contact M&T Bank?

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.

This page (NYSE:MTB) was last updated on 8/14/2022 by MarketBeat.com Staff

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