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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MTB shares.
View MTB analyst ratings or view top-rated stocks.

13 analysts have issued 1-year price targets for M&T Bank's stock. Their MTB share price forecasts range from $170.00 to $255.00. On average, they predict the company's stock price to reach $202.64 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
View analysts price targets for MTB or view top-rated stocks among Wall Street analysts.

M&T Bank's stock was trading at $153.58 at the beginning of the year. Since then, MTB shares have increased by 16.5% and is now trading at $178.91.
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M&T Bank saw a increase in short interest during 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 trading volume of 957,100 shares, the days-to-cover ratio is currently 4.1 days.
View M&T Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our MTB earnings forecast.

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.

M&T Bank Co. (NYSE:MTB) announced its earnings results on Wednesday, July, 20th. The financial services provider reported $3.10 EPS for the quarter, meeting the consensus estimate of $3.10. The financial services provider earned $1.98 billion during the quarter, compared to analysts' expectations of $2.05 billion. M&T Bank had a net margin of 23.21% and a trailing twelve-month return on equity of 10.76%. During the same period in the previous year, the firm posted $3.45 earnings per share.
Read the conference call transcript.

M&T Bank announced a quarterly dividend on Tuesday, August 16th. Stockholders of record on Thursday, September 1st will be paid a dividend of $1.20 per share on Friday, September 30th. This represents a $4.80 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, August 31st.
Read our dividend analysis for MTB.

M&T Bank (NYSE:MTB) pays an annual dividend of $4.80 per share and currently has a dividend yield of 2.62%. 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 24.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTB.

M&T Bank announced that its board has approved a stock buyback program on Tuesday, July 19th 2022, which allows the company to repurchase $3,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 9.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.

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).

M&T Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTB."

M&T Bank's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (4.81%), FMR LLC (4.52%), JPMorgan Chase & Co. (2.99%), Wells Fargo & Company MN (1.68%), M&T Bank Corp (1.10%) and Northern Trust Corp (1.02%). 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.

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.
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One share of MTB stock can currently be purchased for approximately $178.91.

M&T Bank (NYSE:MTB) has a market capitalization of $32.10 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.

The company employs 17,569 workers across the globe.

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.