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NYSE:MTB

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

$178.51
-0.26 (-0.15%)
(As of 08/8/2022 11:39 AM ET)
Add
Compare
Today's Range
$178.18
$179.63
50-Day Range
$150.57
$180.80
52-Week Range
$131.42
$186.95
Volume
3,807 shs
Average Volume
1.44 million shs
Market Capitalization
$32.03 billion
P/E Ratio
16.59
Dividend Yield
2.69%
Price Target
$198.71

M&T Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.7% Upside
$198.71 Price Target
Short Interest
Healthy
1.63% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.12mentions of M&T Bank in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.34 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.

3.61 out of 5 stars

Finance Sector

2nd out of 1,207 stocks

State Commercial Banks Industry

1st out of 217 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.

M&T Bank Stock Performance

Shares of NYSE:MTB traded up $3.33 during midday trading on Friday, reaching $178.77. 736,921 shares of the company traded hands, compared to its average volume of 1,070,816. The company has a market cap of $32.07 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.79 and a beta of 0.91. M&T Bank has a 52 week low of $131.42 and a 52 week high of $186.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.93 and a quick ratio of 1.05. The stock has a 50-day moving average price of $167.16 and a 200 day moving average price of $170.81.

M&T Bank (NYSE:MTB - Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $1.08 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the prior year, the business posted $3.45 earnings per share. Sell-side analysts anticipate that M&T Bank will post 15.21 earnings per share for the current fiscal year.

M&T Bank Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 1st were given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date was Tuesday, May 31st. M&T Bank's dividend payout ratio (DPR) is currently 44.61%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MTB. Barclays cut their price target on shares of M&T Bank from $280.00 to $238.00 and set an "overweight" rating on the stock in a research note on Thursday, July 21st. Citigroup increased their price objective on shares of M&T Bank to $200.00 in a research note on Friday, July 22nd. Piper Sandler upped their price objective on M&T Bank from $200.00 to $210.00 in a report on Wednesday, April 20th. Wells Fargo & Company cut their price target 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. Finally, JPMorgan Chase & Co. dropped their target price on M&T Bank from $200.00 to $195.00 and set a "neutral" rating for the company in a report on Friday, July 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $198.71.

Insiders Place Their Bets

In related news, EVP Robert J. Bojdak sold 525 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $177.82, for a total transaction of $93,355.50. Following the sale, the executive vice president now owns 19,075 shares of the company's stock, valued at $3,391,916.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other M&T Bank news, Vice Chairman Kevin J. Pearson sold 5,000 shares of the business's stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $169.71, for a total transaction of $848,550.00. Following the sale, the insider now owns 39,008 shares of the company's stock, valued at approximately $6,620,047.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert J. Bojdak sold 525 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 19,075 shares in the company, valued at approximately $3,391,916.50. The disclosure for this sale can be found here. Insiders sold a total of 7,725 shares of company stock valued at $1,335,332 in the last quarter. 0.73% of the stock is currently owned by insiders.

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MTB Stock News Headlines

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
M&T Bank 2Q Earnings Meet Expectations
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
8/08/2022
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
+11.3%
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
$17.25 per share
Book Value
$125.53 per share

Miscellaneous

Free Float
178,107,000
Market Cap
$32.03 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 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 analysts is that investors should "buy" M&T Bank stock.
View analyst ratings for M&T Bank
or view top-rated stocks.

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

12 Wall Street research analysts have issued 12-month price objectives for M&T Bank's stock. Their MTB stock forecasts range from $170.00 to $238.00. On average, they expect M&T Bank's stock price to reach $198.71 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
View analysts' price targets for M&T Bank
or view top-rated stocks among Wall Street analysts.

How has M&T Bank's stock price performed in 2022?

M&T Bank's stock was trading at $153.58 at the start of the year. Since then, MTB shares have increased by 16.4% and is now trading at $178.77.
View the best growth stocks for 2022 here
.

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

M&T Bank is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our earnings forecast for M&T Bank
.

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

M&T Bank Co. (NYSE:MTB) issued 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 period in the previous year, the company earned $3.45 EPS.
Read M&T Bank's 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. Shareholders 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 2.69%. The ex-dividend date is Tuesday, May 31st.
View M&T Bank's dividend history
.

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 2.69%. M&T Bank does not yet have a strong track record of dividend growth. The dividend payout ratio of M&T Bank is 44.61%. 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 24.14% 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 declared that its board has initiated a share buyback program on Tuesday, July 19th 2022, which authorizes the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

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.

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 M&T Bank Corp (1.10%), Pendal Group Ltd (0.39%), Anchor Capital Advisors LLC (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), LGT Capital Partners LTD. (0.24%) and Victory Capital Management Inc. (0.19%). Company insiders that own M&T Bank 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, Michael J Todaro, Michele D Trolli, Richard S Gold and Robert J Bojdak.
View institutional ownership trends for M&T Bank
.

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 $178.77.

How much money does M&T Bank make?

M&T Bank (NYSE:MTB) has a market capitalization of $32.07 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?

M&T Bank 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 M&T Bank 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 8/8/2022 by MarketBeat.com Staff

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