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 6 hold ratings and 7 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 equities research analysts have issued 12-month price targets for M&T Bank's shares. 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 year. This suggests a possible upside of 16.1% from the stock's current price.
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M&T Bank's stock was trading at $153.58 at the beginning of the year. Since then, MTB shares have increased by 12.1% and is now trading at $172.14.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 19th 2023.
View our MTB earnings forecast.

M&T Bank Co. (NYSE:MTB) posted its earnings results on Wednesday, October, 19th. The financial services provider reported $3.83 earnings per share (EPS) 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 the consensus estimate of $2.29 billion. M&T Bank had a trailing twelve-month return on equity of 10.74% and a net margin of 22.80%. During the same quarter last year, the business earned $3.76 earnings per share.
Read the conference call transcript.

M&T Bank declared a quarterly dividend on Tuesday, November 15th. Investors of record on Thursday, December 1st will be paid a dividend of $1.20 per share on Friday, December 30th. This represents a $4.80 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Wednesday, November 30th.
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 2.79%. 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.

M&T Bank announced that its board has authorized a stock repurchase program on Tuesday, July 19th 2022, which authorizes the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is 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 many different retail and institutional investors. Top institutional shareholders 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.

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 $172.14.

M&T Bank (NYSE:MTB) has a market capitalization of $29.71 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.

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.