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NYSE:MTB

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

$185.81
-1.52 (-0.81%)
(As of 10/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$184.32
$187.17
50-Day Range
$172.98
$191.41
52-Week Range
$141.49
$193.42
Volume
1.03 million shs
Average Volume
1.33 million shs
Market Capitalization
$33.34 billion
P/E Ratio
17.27
Dividend Yield
2.56%
Price Target
$202.57

M&T Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
9.7% Upside
$203.86 Price Target
Short Interest
Healthy
2.16% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.33mentions of M&T Bank in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$5.60 M Sold Last Quarter
Proj. Earnings Growth
31.65%
From $15.23 to $20.05 Per Share

Overall MarketRank

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

3.15 out of 5 stars

Finance Sector

10th out of 887 stocks

State Commercial Banks Industry

1st out of 186 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.

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MTB Stock News Headlines

Did Biden Bet the Future of America on the "Lithium Triangle"?
FREE investor's report details the plan to cut more ties with China and how it could create the next boom for early investors. But you must act fast.
M&T Bank (NYSE:MTB) Raised to B- at TheStreet
Wedbush Reiterates Neutral Rating for M&T Bank (NYSE:MTB)
Why is Russia reopening dormant copper mines?
In deepest Siberia, Russian oligarchs are pouring $15 billion into two long-dormant copper mines with close access to the lucrative China market. Copper is essential to the West's plans to transition to green energy and Russia has the third-largest reserves in the world. Is Putin making a move to corner the copper market? New sources of copper – outside Russia – are desperately needed for the West to win its war for energy independence.
M&T Bank (NYSE:MTB) Downgraded by StockNews.com to "Sell"
8 Analysts Have This to Say About M&T Bank
Where M&T Bank Stands With Analysts
M&T Bank Corporation (MTB) Could Be a Great Choice
See More Headlines
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MTB Company Calendar

Last Earnings
7/20/2022
Ex-Dividend for 9/30 Dividend
8/31/2022
Dividend Payable
9/30/2022
Today
10/05/2022
Next Earnings (Confirmed)
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
$203.86
High Stock Price Forecast
$255.00
Low Stock Price Forecast
$170.00
Forecasted Upside/Downside
+9.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
14 Analysts

Profitability

Net Income
$1.86 billion
Pretax Margin
30.43%

Debt

Sales & Book Value

Annual Sales
$6.11 billion
Cash Flow
$17.73 per share
Book Value
$125.53 per share

Miscellaneous

Free Float
178,107,000
Market Cap
$33.34 billion
Optionable
Optionable
Beta
0.84

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. PearsonMr. Kevin J. Pearson (Age 60)
    Vice Chairman
    Comp: $1.83M
  • Ms. Doris Powers Meister (Age 66)
    Sr. Exec. VP of Wealth & Institutional Services
    Comp: $1.61M
  • Mr. Michael R. Spychala
    Sr. VP, Controller & Principal Accounting Officer
  • Mr. Michael A. Wisler
    Sr. VP & Chief Information 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













MTB Stock - Frequently Asked Questions

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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?

14 brokerages have issued 12 month price objectives for M&T Bank's shares. Their MTB share price forecasts range from $170.00 to $255.00. On average, they predict the company's share price to reach $203.86 in the next twelve months. This suggests a possible upside of 9.4% 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 start of the year. Since then, MTB stock has increased by 21.4% and is now trading at $186.42.
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 August. As of August 31st, there was short interest totaling 3,970,000 shares, an increase of 18.5% from the August 15th total of 3,350,000 shares. Based on an average daily trading volume, of 957,100 shares, the short-interest ratio is currently 4.1 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 can I listen to M&T Bank's earnings call?

M&T Bank will be holding an earnings conference call on Wednesday, October 19th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-1347.

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

M&T Bank Co. (NYSE:MTB) released its quarterly earnings data on Wednesday, July, 20th. The financial services provider reported $3.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.10. The financial services provider had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.05 billion. 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 prior year, the business posted $3.45 earnings per share.
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 declared a quarterly dividend on Tuesday, August 16th. Investors of record on Thursday, September 1st will be given a dividend of $1.20 per share on Friday, September 30th. This represents a $4.80 annualized dividend and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, August 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 2.65%. 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 23.94% 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 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 reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are typically a sign 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 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 number of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.07%), First Hawaiian Bank (0.00%), Burns J W & Co. Inc. NY (0.00%), Wedmont Private Capital (0.00%) and Neville Rodie & Shaw Inc. (0.00%). 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, Gary N Geisel, 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 $186.42.

How much money does M&T Bank make?

M&T Bank (NYSE:MTB) has a market capitalization of $33.45 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.

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 10/5/2022 by MarketBeat.com Staff

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