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

$106.00

-2.53 (-2.33 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$104.99

Now: $106.00▼

$110.28

50-Day Range

$89.12

MA: $102.65▼

$118.56

52-Week Range

$85.09

Now: $106.00▼

$174.93

Volume1.18 million shs

Average Volume946,187 shs

Market Capitalization$13.60 billion

P/E Ratio8.59

Dividend Yield4.15%

Beta1.21

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.

Beat the Market (BTM) Rank^™

4.0 Analyst's Opinion

Consensus Rating
M&T Bank has received a consensus rating of Hold. The company's average rating score is 2.05, and is based on 3 buy ratings, 15 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $141.72, M&T Bank has a potential upside of 33.7% from its current price of $106.00.
Amount of Analyst Coverage
M&T Bank has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
M&T Bank has received 190 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
M&T Bank has received 251 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
M&T Bank has received 56.92% “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.

3.3 Dividend Strength

Dividend Leadership
M&T Bank is a leading dividend payer. It pays a dividend yield of 4.15%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
M&T Bank has only been increasing its dividend for 3 years.
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 41.71 % next year. This indicates that M&T Bank will be able to sustain or increase its dividend.

1.0 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 $112,640.00 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
83.11% 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.

3.1 Earnings and Valuation

Earnings Growth
Earnings for M&T Bank are expected to grow by 34.22% in the coming year, from $7.86 to $10.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of M&T Bank is 8.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of M&T Bank is 8.59, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.56.
Price to Earnings Growth Ratio
M&T Bank has a PEG Ratio of 4.91. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
M&T Bank has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.74 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 Ratio1.07

Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio8.59

Forward P/E Ratio13.49

P/E Growth4.91

Sales & Book Value

Annual Sales$6.94 billion

Price / Sales1.96

Cash Flow$16.51 per share

Price / Cash Flow6.42

Book Value$109.63 per share

Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)$13.75

Net Income$1.93 billion

Net Margins24.99%

Return on Equity11.84%

Return on Assets1.40%

Miscellaneous

Employees17,773

Outstanding Shares128,273,000

Market Cap$13.60 billion

Next Earnings Date7/16/2020 (Estimated)

OptionableOptionable

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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 reached pandemic status according to the World Health Organization (WHO). Since then, MTB shares have decreased by 4.7% and is now trading at $106.00. View which stocks have been most impacted by Coronavirus.

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

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 2 sell ratings, 15 hold ratings and 3 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, July 16th 2020. 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 Monday, April, 20th. The financial services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.55 by $0.38. The financial services provider had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. M&T Bank had a net margin of 24.99% and a return on equity of 11.84%. During the same period in the previous year, the business posted $3.35 EPS. 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 announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 1st will be paid a dividend of $1.10 per share on Tuesday, June 30th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Friday, May 29th. View M&T Bank's dividend history.

What price target have analysts set for MTB?

20 equities research analysts have issued 1 year price objectives for M&T Bank's stock. Their forecasts range from $79.30 to $200.00. On average, they expect M&T Bank's share price to reach $141.72 in the next twelve months. This suggests a possible upside of 33.7% from the stock's current price. View analysts' price targets for M&T Bank.

Has M&T Bank been receiving favorable news coverage?

Media coverage about MTB stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. M&T Bank earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutM&T Bank.

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), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.98%), Wellington Management Group LLP (5.42%), State Street Corp (4.86%), JPMorgan Chase & Co. (4.19%), Invesco Ltd. (3.13%) and Geode Capital Management LLC (1.70%). 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 Wells Fargo & Company MN, Fenimore Asset Management Inc., Russell Investments Group Ltd., The Manufacturers Life Insurance Company , Invesco Ltd., AQR Capital Management LLC, Connors Investor Services Inc., and Salzhauer Michael. 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, Richard S Gold, and William J Farrell II. 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 Wellington Management Group LLP, BlackRock Inc., Unigestion Holding SA, Polaris Capital Management LLC, London Co. of Virginia, Country Trust Bank, Loomis Sayles & Co. L P, and AMF Pensionsforsakring AB. 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 $106.00.

How big of a company is M&T Bank?

M&T Bank has a market capitalization of $13.60 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 6/4/2020 by MarketBeat.com Staff