NYSE:MTB

M&T Bank Stock Forecast, Price & News

$143.16

-1.35 (-0.93 %)

(As of 01/22/2021 12:00 AM ET)

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Today's Range

$141.46

Now: $143.16▼

$144.83

50-Day Range

$121.14

MA: $132.57▼

$149.65

52-Week Range

$85.09

Now: $143.16▼

$174.00

Volume791,997 shs

Average Volume934,912 shs

Market Capitalization$18.37 billion

P/E Ratio14.29

Dividend Yield3.04%

Beta1.23

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; 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, 2019, the company operates 731 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West 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.

MarketRank^™

Overall MarketRank^™

2.17 out of 5 stars

Finance Sector

144th out of 1,934 stocks

State Commercial Banks Industry

23rd out of 309 stocks

2.1 Analyst's Opinion

Consensus Rating
M&T Bank has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 4 buy ratings, 10 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $134.93, M&T Bank has a forecasted downside of 5.7% from its current price of $143.16.
Amount of Analyst Coverage
M&T Bank has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.1 Community Rank

Outperform Votes
M&T Bank has received 195 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
M&T Bank has received 266 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
M&T Bank has received 57.70% “underperform” votes from our community.

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.

2.5 Dividend Strength

Dividend Yield
M&T Bank pays a meaningful dividend of 3.04%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
M&T Bank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of M&T Bank is 32.00%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, M&T Bank will have a dividend payout ratio of 41.20% next year. This indicates that M&T Bank will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, M&T Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,085,153.00 in company stock.
Percentage Held by Insiders
Only 0.58% of the stock of M&T Bank is held by insiders.
Percentage Held by Institutions
82.68% of the stock of M&T Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for M&T Bank are expected to grow by 13.02% in the coming year, from $9.45 to $10.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of M&T Bank is 14.29, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of M&T Bank is 14.29, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.02.
Price to Book Value per Share Ratio
M&T Bank has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Employees17,773

Debt

Debt-to-Equity Ratio0.37

Current Ratio1.07

Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio14.29

Forward P/E Ratio15.15

P/E GrowthN/A

Sales & Book Value

Annual Sales$6.94 billion

Price / Sales2.65

Cash Flow$16.49 per share

Price / Cash Flow8.68

Book Value$109.63 per share

Price / Book1.31

Profitability

EPS (Most Recent Fiscal Year)$13.75

Net Income$1.93 billion

Net Margins21.49%

Return on Equity9.45%

Return on Assets1.06%

Miscellaneous

Outstanding Shares128,293,000

Market Cap$18.37 billion

Next Earnings Date4/19/2021 (Estimated)

OptionableOptionable

$143.16

-1.35 (-0.93 %)

(As of 01/22/2021 12:00 AM 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 price been impacted by Coronavirus (COVID-19)?

M&T Bank's stock was trading at $111.18 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MTB shares have increased by 28.8% and is now trading at $143.16.
View which stocks have been most impacted by COVID-19.

Is M&T Bank a buy right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 1 sell rating, 10 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" M&T Bank stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTB, but not buy additional shares or sell existing shares.
View analyst ratings for M&T Bank or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than M&T Bank?

Wall Street analysts have given M&T Bank a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but M&T Bank wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

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

M&T Bank is scheduled to release its next quarterly earnings announcement on Monday, April 19th 2021.
View our earnings forecast for M&T Bank.

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

M&T Bank Co. (NYSE:MTB) announced its earnings results on Wednesday, January, 20th. The financial services provider reported $3.52 EPS for the quarter, topping the consensus estimate of $3.03 by $0.49. M&T Bank had a net margin of 21.49% and a trailing twelve-month return on equity of 9.45%. During the same period last year, the firm posted $3.60 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, November 17th. Shareholders of record on Tuesday, December 1st will be given a dividend of $1.10 per share on Thursday, December 31st. This represents a $4.40 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Monday, November 30th.
View M&T Bank's dividend history.

Is M&T Bank a good dividend stock?

M&T Bank pays an annual dividend of $4.40 per share and currently has a dividend yield of 3.04%. The dividend payout ratio of M&T Bank is 32.00%. 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 41.20% 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 announced that its board has initiated a stock buyback plan on Wednesday, January 20th 2021, which allows the company to repurchase $800,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 4.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its stock is undervalued.

What price target have analysts set for MTB?

15 brokers have issued 12 month price targets for M&T Bank's stock. Their forecasts range from $107.00 to $174.00. On average, they anticipate M&T Bank's stock price to reach $134.93 in the next twelve months. This suggests that the stock has a possible downside of 5.7%.
View analysts' price targets for M&T Bank or view Wall Street analyst' top-rated stocks.

Who are some of M&T Bank's key competitors?

Some companies that are related to M&T Bank include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), Commerce Bancshares (CBSH), First Horizon (FHN), Zions Bancorporation, National Association (ZION), Western Alliance Bancorporation (WAL) and Prosperity Bancshares (PB).
View all of MTB's 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 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).

Who are M&T Bank's key executives?

M&T Bank's management team includes the following people:

Mr. Richard S. Gold, Pres, COO & Director (Age 59, Pay $1.73M)
Mr. Darren J. King, Exec. VP & CFO (Age 50, Pay $1.53M)
Mr. Kevin J. Pearson, Vice Chairman (Age 58, Pay $1.72M)
Ms. Doris Powers Meister, Exec. VP of Wealth & Institutional Services (Age 64, Pay $1.37M)
Mr. Michael R. Spychala, Sr. VP, Controller & Principal Accounting Officer
Ms. Michele D. Trolli, Exec. VP and Chief Technology & Operations Officer (Age 58)
Mr. Donald J. MacLeod, Admin. VP, Assistant Sec. & Director of IR
Ms. Marianne E. Roche, Chief Regulatory Counsel & Enterprise Compliance Risk Mang.
Ms. Laura P. O'Hara, Exec. VP & Gen. Counsel

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 many different retail and institutional investors. Top institutional shareholders include Pendal Group Limited (0.61%), Boston Trust Walden Corp (0.23%), Huntington National Bank (0.13%), Hexavest Inc. (0.10%), State of Alaska Department of Revenue (0.06%) and Denali Advisors LLC (0.05%). 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 S Gold, Robert J Bojdak 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 Hexavest Inc., McCollum Christoferson Group LLC, Pendal Group Limited, Mountain Pacific Investment Advisers Inc. ID, State of Alaska Department of Revenue, Smith Graham & Co. Investment Advisors LP, Raymond James Trust N.A., and Denali Advisors LLC. Company insiders that have sold M&T Bank company stock in the last year include Denis J Salamone, and Doris P Meister.
View insider buying and selling activity for M&T Bank or view top insider-selling stocks.

Which institutional investors are buying M&T Bank stock?

MTB stock was purchased by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, TIAA FSB, Kestra Advisory Services LLC, First Hawaiian Bank, OLD National Bancorp IN, Clearview Wealth Advisors LLC, Nexus Investment Management ULC, and Huntington National Bank.
View insider buying and selling activity for M&T Bank or or view top insider-buying stocks.

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 WeBull, 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 $143.16.

How big of a company is M&T Bank?

M&T Bank has a market capitalization of $18.37 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 1/23/2021 by MarketBeat.com Staff

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