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

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MTB shares.
View MTB analyst ratings or view top-rated stocks.

13 Wall Street research analysts have issued 12 month target prices for M&T Bank's shares. Their MTB share price forecasts range from $170.00 to $255.00. On average, they anticipate the company's stock price to reach $201.08 in the next twelve months. This suggests a possible upside of 25.7% 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 $153.58 at the beginning of 2022. Since then, MTB shares have increased by 4.2% and is now trading at $159.97.
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M&T Bank saw a decrease in short interest in November. As of November 15th, there was short interest totaling 2,440,000 shares, a decrease of 20.3% from the October 31st total of 3,060,000 shares. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is presently 2.0 days.
View M&T Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 19th 2023.
View our MTB earnings forecast.

M&T Bank Co. (NYSE:MTB) posted its earnings results on Wednesday, October, 19th. The financial services provider reported $3.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.21 by $0.38. The financial services provider had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. M&T Bank had a net margin of 22.80% and a trailing twelve-month return on equity of 10.74%. During the same period in the prior year, the business posted $3.76 earnings per share.
Read the conference call transcript.

M&T Bank announced a quarterly dividend on Tuesday, November 15th. Investors of record on Thursday, December 1st will be given a dividend of $1.20 per share on Friday, December 30th. This represents a $4.80 annualized dividend and a yield of 3.00%. The ex-dividend date is Wednesday, November 30th.
Read our dividend analysis for MTB.

M&T Bank (NYSE:MTB) pays an annual dividend of $4.80 per share and currently has a dividend yield of 2.84%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 24.77% 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 approved a stock repurchase program on Tuesday, July 19th 2022, which authorizes the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its stock is 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 investors include Vanguard Group Inc. (11.87%), BlackRock Inc. (7.66%), State Street Corp (4.59%), Barrow Hanley Mewhinney & Strauss LLC (1.53%), M&T Bank Corp (1.08%) and Dimensional Fund Advisors LP (0.97%). 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 $159.97.

M&T Bank (NYSE:MTB) has a market capitalization of $27.61 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 $10.60 on an earnings per share basis.

The company employs 17,569 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.