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DOW   34,429.88
QQQ   292.55
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No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Why Your IRA Could Crash on January 16th? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Why Your IRA Could Crash on January 16th? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Why Your IRA Could Crash on January 16th? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
As Musk is learning, content moderation is a messy job
Reformers take 6 of 14 UAW board seats, could win majority
Why Your IRA Could Crash on January 16th? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC keeps oil targets amid uncertainty on Russian sanctions
NYSE:MTB

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

$169.10
+0.78 (+0.46%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$166.75
$169.76
50-Day Range
$161.40
$189.36
52-Week Range
$141.49
$193.42
Volume
1.09 million shs
Average Volume
1.08 million shs
Market Capitalization
$29.19 billion
P/E Ratio
15.95
Dividend Yield
2.84%
Price Target
$199.92

M&T Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
18.2% Upside
$199.92 Price Target
Short Interest
Healthy
1.41% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.38mentions of M&T Bank in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$377,100 Sold Last Quarter
Proj. Earnings Growth
33.38%
From $14.53 to $19.38 Per Share

Overall MarketRank

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

3.10 out of 5 stars

Finance Sector

46th out of 891 stocks

State Commercial Banks Industry

10th out of 187 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

M&T Bank (NYSE:MTB) Has Affirmed Its Dividend Of $1.20
Bank Robbery in Enfield
M&T Bank Third Quarter 2022 Earnings: Misses Expectations
40 Under 40: Chavuanne Cousins of M&T Bank
Why M&T Bank Stock Was Down 13% This Week
Why Shares of M&T Bank Are Falling Today
See More Headlines
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MTB Company Calendar

Ex-Dividend for 9/30 Dividend
8/31/2022
Dividend Payable
9/30/2022
Last Earnings
10/19/2022
Ex-Dividend for 12/30 Dividend
11/30/2022
Today
12/04/2022
Dividend Payable
12/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/19/2023

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
$199.92
High Stock Price Forecast
$255.00
Low Stock Price Forecast
$170.00
Forecasted Upside/Downside
+18.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
$1.86 billion
Pretax Margin
29.79%

Debt

Sales & Book Value

Annual Sales
$6.11 billion
Cash Flow
$17.27 per share
Book Value
$134.67 per share

Miscellaneous

Free Float
171,353,000
Market Cap
$29.19 billion
Optionable
Optionable
Beta
0.79

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?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 2023?

13 brokerages have issued 1 year target prices for M&T Bank's stock. Their MTB share price forecasts range from $170.00 to $255.00. On average, they anticipate the company's stock price to reach $199.92 in the next twelve months. This suggests a possible upside of 18.2% 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 beginning of the year. Since then, MTB stock has increased by 10.1% and is now trading at $169.10.
View the best growth stocks for 2022 here
.

Are investors shorting M&T Bank?

M&T Bank saw a decrease in short interest in November. As of November 15th, there was short interest totaling 2,440,000 shares, a decrease of 20.3% from the October 31st total of 3,060,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is currently 2.0 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 Thursday, January 19th 2023.
View our MTB earnings forecast
.

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

M&T Bank Co. (NYSE:MTB) released its earnings results on Wednesday, October, 19th. The financial services provider reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.21 by $0.38. The financial services provider earned $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. M&T Bank had a net margin of 22.80% and a trailing twelve-month return on equity of 10.74%. During the same period in the prior year, the company posted $3.76 EPS.
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 announced a quarterly dividend on Tuesday, November 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $1.20 per share on Friday, December 30th. This represents a $4.80 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, November 30th.
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 2.84%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 45.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 24.77% 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 announced that its Board of Directors has authorized a stock buyback program on Tuesday, July 19th 2022, which allows the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 9.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management 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 investors include Vanguard Group Inc. (11.87%), BlackRock Inc. (7.66%), State Street Corp (4.59%), Barrow Hanley Mewhinney & Strauss LLC (1.53%), M&T Bank Corp (1.08%) and Dimensional Fund Advisors LP (0.97%). Insiders that own company stock include Christopher E Kay, D Scott N Warman, Denis J Salamone, Doris P Meister, Edna Jennifer Warren, Gary N Geisel, Kevin J Pearson, Kirk W Walters, Michael J Todaro, Michele D Trolli 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 $169.10.

How much money does M&T Bank make?

M&T Bank (NYSE:MTB) has a market capitalization of $29.19 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 $10.60 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 12/4/2022 by MarketBeat.com Staff