M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals.
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Industry, Sector and Symbol
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Phone716-635-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.45 billion
Profitability
Miscellaneous
Employees17,267
Next Earnings Date10/16/2019 (Estimated)
OptionableOptionable
M&T Bank (NYSE:MTB) Frequently Asked Questions
What is M&T Bank's stock symbol?
M&T Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTB."
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, August 20th. Investors of record on Tuesday, September 3rd will be paid a dividend of $1.00 per share on Monday, September 30th. This represents a $4.00 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Friday, August 30th. View M&T Bank's Dividend History.
How will M&T Bank's stock buyback program work?
M&T Bank declared that its board has approved a stock repurchase program on Wednesday, February 21st 2018, which authorizes the company to buyback $745,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.
How were M&T Bank's earnings last quarter?
M&T Bank Co. (NYSE:MTB) issued its quarterly earnings results on Thursday, July, 18th. The financial services provider reported $3.34 EPS for the quarter, missing the Zacks' consensus estimate of $3.70 by $0.36. The financial services provider earned $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. M&T Bank had a net margin of 29.81% and a return on equity of 14.26%. During the same period last year, the business posted $3.26 EPS. View M&T Bank's Earnings History.
When is M&T Bank's next earnings date?
What price target have analysts set for MTB?
14 equities research analysts have issued 1 year price targets for M&T Bank's shares. Their predictions range from $155.00 to $220.00. On average, they expect M&T Bank's stock price to reach $176.5833 in the next year. This suggests a possible upside of 22.7% from the stock's current price. View Analyst Price Targets for M&T Bank.
What is the consensus analysts' recommendation for M&T Bank?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 2 sell ratings, 7 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for M&T Bank.
Has M&T Bank been receiving favorable news coverage?
News articles about MTB stock have been trending positive recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. M&T Bank earned a coverage optimism score of 2.5 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for M&T Bank.
Are investors shorting M&T Bank?
M&T Bank saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 1,669,800 shares, an increase of 14.1% from the June 30th total of 1,464,000 shares. Based on an average daily trading volume, of 736,400 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.3% of the shares of the stock are short sold. View M&T Bank's Current Options Chain.
Who are some of M&T Bank's key competitors?
Some companies that are related to M&T Bank include Banco Bradesco (BBD), SBERBANK RUSSIA/S (SBRCY), BANCO BRADESCO/S (BBDO), Bank of Nova Scotia (BNS), Bank of New York Mellon (BK), State Street (STT), Fifth Third Bancorp (FITB), Northern Trust (NTRS), Deutsche Bank (DB), Citizens Financial Group (CFG), SVB Financial Group (SIVB), Signature Bank (SBNY), Commerce Bancshares (CBSH), East West Bancorp (EWBC) and Popular (BPOP).
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 Micron Technology (MU), Nucor (NUE), Merck & Co., Inc. (MRK), Valley National Bancorp (VLY), Bank of America (BAC), Verizon Communications (VZ), Hudson City Bancorp (HCBK), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM) and Pfizer (PFE).
Who are M&T Bank's key executives?
M&T Bank's management team includes the folowing people:
- Mr. René F. Jones CPA, Chairman & CEO (Age 54)
- Mr. Kevin J. Pearson, Exec. VP & Director (Age 57)
- Mr. Richard S. Gold, Pres, COO & Director (Age 58)
- Mr. Darren J. King, Exec. VP & CFO (Age 49)
- Ms. Doris P. Meister, Exec. VP of Wealth & Institutional Services (Age 63)
Who are M&T Bank's major shareholders?
M&T Bank's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.74%), BlackRock Inc. (7.48%), BlackRock Inc. (7.48%), Invesco Ltd. (2.84%), Nuveen Asset Management LLC (1.49%) and Wells Fargo & Company MN (1.20%). Company insiders that own M&T Bank stock include Brian E Hickey, C Angela Bontempo, D Scott N Warman, Darren J King, Denis J Salamone, Doris P Meister, Gary N Geisel, Michael J Todaro, Michael R Spychala, Michele D Trolli, Randolph Michael Kasum, Richard H Jr Ledgett, Richard S Gold, Robert E Sadler Jr, Robert J Bojdak, Sabeth Siddique, Wilfried Bernard and William J Farrell II. View Institutional Ownership Trends for M&T Bank.
Which institutional investors are selling M&T Bank stock?
MTB stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Balyasny Asset Management LLC, Natixis, Natixis, Ellis Investment Partners LLC, M&T Bank Corp, Russell Investments Group Ltd. and Canada Pension Plan Investment Board. Company insiders that have sold M&T Bank company stock in the last year include Brian E Hickey, C Angela Bontempo, Darren J King, Denis J Salamone, Doris P Meister, Gary N Geisel, Michael J Todaro, Michele D Trolli, Richard H Jr Ledgett, Robert J Bojdak, Sabeth Siddique and William J Farrell II. View Insider Buying and Selling for M&T Bank.
Which institutional investors are buying M&T Bank stock?
MTB stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Hexavest Inc., Renaissance Technologies LLC, AQR Capital Management LLC, USS Investment Management Ltd, Unigestion Holding SA, Morgan Stanley and Bank of America Corp DE. Company insiders that have bought M&T Bank stock in the last two years include Michael J Todaro and Wilfried Bernard. View Insider Buying and Selling for M&T Bank.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is M&T Bank's stock price today?
One share of MTB stock can currently be purchased for approximately $143.90.
How big of a company is M&T Bank?
M&T Bank has a market capitalization of $19.24 billion and generates $6.45 billion in revenue each year. The financial services provider earns $1.92 billion in net income (profit) each year or $12.86 on an earnings per share basis. M&T Bank employs 17,267 workers across the globe.View Additional Information About M&T Bank.
What is M&T Bank's official website?
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]
MarketBeat Community Rating for M&T Bank (NYSE MTB)
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.
