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NYSE:MTBM&T Bank Stock Price, Forecast & News

$105.03
-0.92 (-0.87 %)
(As of 08/3/2020 04:00 PM ET)
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Compare
Today's Range
$103.09
Now: $105.03▼
$106.24
50-Day Range
$95.21
MA: $103.68▼
$113.26
52-Week Range
$85.09
Now: $105.03▼
$174.00
Volume752,215 shs
Average Volume945,845 shs
Market Capitalization$13.47 billion
P/E Ratio9.78
Dividend Yield4.15%
Beta1.2
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. Its Commercial Banking segment provides credit and banking services for middle-market and large commercial customers. The company's Commercial Real Estate segment offers multifamily residential and commercial real estate credit, and 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; demand, savings; and time accounts; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; investment management; and insurance agency services. It offers its services through banking offices, business banking centers, telephone and Internet banking, mobile banking, and automated teller machines. As of December 31, 2018, the company had 750 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, and the District of Columbia; a full-service commercial banking office in Ontario, and Canada; and an office in George Town, Cayman Islands. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
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M&T Bank logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.1Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.40 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:MTB
Previous Symbol
CUSIP55261F10
CIK36270
Webwww.mtb.com
Phone716-635-4000

Debt

Debt-to-Equity Ratio0.43
Current Ratio1.02
Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio9.78
Forward P/E Ratio11.71
P/E Growth4.21

Sales & Book Value

Annual Sales$6.94 billion
Price / Sales1.94
Cash Flow$16.75 per share
Price / Cash Flow6.27
Book Value$109.63 per share
Price / Book0.96

Profitability

EPS (Most Recent Fiscal Year)$13.75
Net Income$1.93 billion
Net Margins22.36%
Return on Equity10.22%
Return on Assets1.17%

Miscellaneous

Employees17,773
Outstanding Shares128,273,000
Market Cap$13.47 billion
Next Earnings Date10/15/2020 (Estimated)
OptionableOptionable
$105.03
-0.92 (-0.87 %)
(As of 08/3/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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M&T Bank (NYSE:MTB) Frequently Asked Questions

How has M&T Bank's stock been impacted by COVID-19 (Coronavirus)?

M&T Bank's stock was trading at $111.18 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MTB stock has decreased by 5.5% and is now trading at $105.03.
View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of M&T Bank?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 1 sell rating, 13 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for M&T Bank.

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

M&T Bank is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
View our earnings forecast for M&T Bank.

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

M&T Bank Co. (NYSE:MTB) released its quarterly earnings data on Thursday, July, 23rd. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.11. The financial services provider earned $1.44 billion during the quarter, compared to the consensus estimate of $1.47 billion. M&T Bank had a net margin of 22.36% and a return on equity of 10.22%. During the same quarter last year, the business posted $3.37 earnings per share.
View M&T Bank's earnings history.

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, May 19th. Investors of record on Monday, June 1st will be given a dividend of $1.10 per share on Tuesday, June 30th. This represents a $4.40 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, May 29th.
View M&T Bank's dividend history.

What price target have analysts set for MTB?

18 brokers have issued twelve-month target prices for M&T Bank's shares. Their forecasts range from $79.30 to $200.00. On average, they expect M&T Bank's share price to reach $137.31 in the next twelve months. This suggests a possible upside of 30.7% from the stock's current price.
View analysts' price targets for M&T Bank.

Has M&T Bank been receiving favorable news coverage?

Media stories about MTB stock have been trending negative recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. M&T Bank earned a daily sentiment score of -2.9 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.
View the latest news about M&T Bank.

Are investors shorting M&T Bank?

M&T Bank saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,080,000 shares, a decrease of 14.4% from the June 15th total of 2,430,000 shares. Based on an average trading volume of 985,500 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.6% of the shares of the company 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 Truist Financial (TFC), PNC Financial Services Group (PNC), First Republic Bank (FRC), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), Prosperity Bancshares (PB), East West Bancorp (EWBC), Cullen/Frost Bankers (CFR) and First Citizens BancShares (FCNCA).
View all competitors.

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), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Pfizer (PFE), AbbVie (ABBV), Home Depot (HD), Intel (INTC) and Johnson & Johnson (JNJ).

Who are M&T Bank's key executives?

M&T Bank's management team includes the following 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)

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 institutional and retail investors. Top institutional investors include M&T Bank Corp (0.79%), First Trust Advisors LP (0.47%), Sumitomo Mitsui Trust Holdings Inc. (0.45%), Fenimore Asset Management Inc. (0.23%), Boston Trust Walden Corp (0.18%) and M&G Investment Management Ltd. (0.17%). Company insiders that own M&T Bank stock include Brian E Hickey, C Angela Bontempo, Darren J King, Denis J Salamone, Doris P Meister, Gary N Geisel, John L Dangelo, Michael J Todaro, Michele D Trolli, Richard H Jr Ledgett, Richard S Gold, Robert J Bojdak, Sabeth Siddique and William J Farrell II.
View institutional ownership trends for M&T Bank.

Which major investors are selling M&T Bank stock?

MTB stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Whittier Trust Co., Envestnet Asset Management Inc., LGT Capital Partners LTD., Bartlett & Co. LLC, Whittier Trust Co. of Nevada Inc., Arnhold LLC, and Jacobi Capital Management LLC. Company insiders that have sold M&T Bank company stock in the last year include Darren J King, Denis J Salamone, Doris P Meister, John L Dangelo, and Richard S Gold.
View insider buying and selling activity for M&T Bank.

Which major investors are buying M&T Bank stock?

MTB stock was purchased by a variety of institutional investors in the last quarter, including UBS Group AG, Hexavest Inc., First Trust Advisors LP, Marathon Asset Management LLP, Denali Advisors LLC, Assenagon Asset Management S.A., State of Alaska Department of Revenue, and Sumitomo Mitsui Trust Holdings Inc..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is M&T Bank's stock price today?

One share of MTB stock can currently be purchased for approximately $105.03.

How big of a company is M&T Bank?

M&T Bank has a market capitalization of $13.47 billion and generates $6.94 billion in revenue each year. The financial services provider earns $1.93 billion in net income (profit) each year or $13.75 on an earnings per share basis. M&T Bank employs 17,773 workers across the globe.

What is M&T Bank's official website?

The official website for M&T Bank is www.mtb.com.

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]

This page was last updated on 8/3/2020 by MarketBeat.com Staff
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