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

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 9 hold ratings and 7 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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16 equities research analysts have issued twelve-month target prices for M&T Bank's shares. Their MTB share price forecasts range from $160.00 to $212.00. On average, they predict the company's share price to reach $182.24 in the next year. This suggests a possible upside of 58.6% from the stock's current price.
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M&T Bank's stock was trading at $145.06 at the beginning of the year. Since then, MTB shares have decreased by 20.8% and is now trading at $114.93.
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M&T Bank saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 2,230,000 shares, a drop of 20.9% from the January 31st total of 2,820,000 shares. Based on an average daily volume of 1,330,000 shares, the days-to-cover ratio is presently 1.7 days.
View M&T Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
View our MTB earnings forecast.

M&T Bank will be holding an earnings conference call on Monday, April 17th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-2676.

M&T Bank Co. (NYSE:MTB) released its quarterly earnings results on Thursday, January, 19th. The financial services provider reported $4.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.47 by $0.10. The financial services provider earned $2.51 billion during the quarter, compared to analysts' expectations of $2.37 billion. M&T Bank had a net margin of 23.15% and a trailing twelve-month return on equity of 11.41%. During the same period in the prior year, the firm posted $3.37 EPS.
Read the conference call transcript.

M&T Bank announced a quarterly dividend on Wednesday, February 22nd. Stockholders of record on Monday, March 6th will be given a dividend of $1.30 per share on Friday, March 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Friday, March 3rd. This is a boost from the stock's previous quarterly dividend of $1.20.
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), Democratic Large Cap Core ETF (DEMZ), Invesco KBW Bank ETF (KBWB), SPDR S&P Regional Banking ETF (KRE), Sound Equity Income ETF (SDEI), Schwab Ariel ESG ETF (SAEF), Invesco Zacks Mid-Cap ETF (CZA) and Davis Select Financial ETF (DFNL).

M&T Bank (NYSE:MTB) pays an annual dividend of $5.20 per share and currently has a dividend yield of 4.08%. 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 45.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 27.97% 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 declared that its Board of Directors has initiated a stock buyback program on Tuesday, July 19th 2022, which permits the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are often 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 number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.20%), Charles Schwab Investment Management Inc. (2.15%), Geode Capital Management LLC (2.02%), Morgan Stanley (1.73%), Wells Fargo & Company MN (1.72%) and Barrow Hanley Mewhinney & Strauss LLC (1.44%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Denis J Salamone, Doris P Meister, Edna Jennifer Warren, Gary N Geisel, Kevin J Pearson, Kirk W Walters, Michael J Todaro, Michele D Trolli and Robert J Bojdak.
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.
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One share of MTB stock can currently be purchased for approximately $114.93.

M&T Bank (NYSE:MTB) has a market capitalization of $19.31 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 $11.52 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.