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NYSE:MTB

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

$189.82
+2.95 (+1.58%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$186.57
$189.88
50-Day Range
$150.57
$186.87
52-Week Range
$131.42
$189.88
Volume
629,301 shs
Average Volume
1.43 million shs
Market Capitalization
$34.06 billion
P/E Ratio
17.64
Dividend Yield
2.57%
Price Target
$198.71

M&T Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
4.7% Upside
$198.71 Price Target
Short Interest
Healthy
2.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
-0.16mentions of M&T Bank in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$5.14 M Sold Last Quarter
Proj. Earnings Growth
30.70%
From $15.21 to $19.88 Per Share

Overall MarketRank

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

3.04 out of 5 stars

Finance Sector

70th out of 918 stocks

State Commercial Banks Industry

17th out of 191 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.

Wall Street Analysts Forecast Growth

MTB has been the subject of several research analyst reports. Robert W. Baird raised M&T Bank from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $175.00 to $200.00 in a report on Friday, June 17th. Piper Sandler lifted their target price on M&T Bank from $200.00 to $210.00 in a research report on Wednesday, April 20th. Morgan Stanley lifted their target price on M&T Bank from $203.00 to $222.00 and gave the company an "overweight" rating in a research report on Thursday, July 21st. Wolfe Research lowered their target price on M&T Bank from $214.00 to $187.00 and set an "outperform" rating on the stock in a research report on Thursday, May 26th. Finally, TheStreet downgraded M&T Bank from a "b" rating to a "c+" rating in a research report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, M&T Bank currently has a consensus rating of "Moderate Buy" and an average price target of $198.71.

M&T Bank Price Performance

Shares of M&T Bank stock opened at $186.87 on Friday. The stock's 50-day simple moving average is $167.27 and its 200-day simple moving average is $171.11. M&T Bank has a 52 week low of $131.42 and a 52 week high of $188.43. The company has a market capitalization of $33.53 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 0.80 and a beta of 0.91. The company has a quick ratio of 1.05, a current ratio of 0.98 and a debt-to-equity ratio of 0.13.

M&T Bank (NYSE:MTB - Get Rating) last posted its earnings results on Wednesday, July 20th. The financial services provider reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $2.75 by ($1.67). M&T Bank had a return on equity of 10.76% and a net margin of 23.21%. During the same period in the previous year, the company earned $3.45 earnings per share. As a group, analysts expect that M&T Bank will post 15.21 earnings per share for the current fiscal year.

M&T Bank Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 1st were given a $1.20 dividend. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.57%. M&T Bank's dividend payout ratio is currently 44.61%.

Insider Buying and Selling

In related news, Director Kirk W. Walters sold 21,116 shares of the business's stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $180.00, for a total value of $3,800,880.00. Following the sale, the director now directly owns 6,134 shares in the company, valued at $1,104,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other M&T Bank news, EVP Robert J. Bojdak sold 525 shares of the business's stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $177.82, for a total transaction of $93,355.50. Following the sale, the executive vice president now directly owns 19,075 shares of the company's stock, valued at $3,391,916.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kirk W. Walters sold 21,116 shares of the business's stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $180.00, for a total value of $3,800,880.00. Following the sale, the director now directly owns 6,134 shares in the company, valued at $1,104,120. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,841 shares of company stock worth $5,136,212. Corporate insiders own 0.73% of the company's stock.

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MTB Stock News Headlines

Why Invest in M&T Bank Corporation (MTB)?
M&T Bank (NYSE:MTB) Downgraded by StockNews.com
Wedbush Raises M&T Bank (NYSE:MTB) Price Target to $188.00
Barclays Trims M&T Bank (NYSE:MTB) Target Price to $238.00
M&T Bank (NYSE:MTB) Downgraded by TheStreet
Scam text claims to be from M&T Bank
M&T Bank Corporation (MTB) Q2 Earnings Meet Estimates
See More Headlines
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MTB Company Calendar

Ex-Dividend for 6/30 Dividend
5/31/2022
Dividend Payable
6/30/2022
Last Earnings
7/20/2022
Today
8/12/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

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
$198.71
High Stock Price Forecast
$238.00
Low Stock Price Forecast
$170.00
Forecasted Upside/Downside
+4.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$1.86 billion
Pretax Margin
30.43%

Debt

Sales & Book Value

Annual Sales
$6.11 billion
Cash Flow
$17.74 per share
Book Value
$132.56 per share

Miscellaneous

Free Float
178,107,000
Market Cap
$34.06 billion
Optionable
Optionable
Beta
0.91

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. Pearson (Age 60)
    Vice Chairman
    Comp: $1.83M
  • Ms. Doris Powers Meister (Age 66)
    Exec. VP of Wealth & Institutional Services
    Comp: $1.61M
  • Mr. Michael R. Spychala
    Sr. VP, Controller & Principal Accounting 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
  • Mr. Francesco Lagutaine
    Sr. VP and Chief Marketing & Communications Officer













MTB Stock - Frequently Asked Questions

Should I buy or sell M&T Bank stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 4 hold ratings and 8 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 2022?

12 analysts have issued 12 month target prices for M&T Bank's shares. Their MTB share price forecasts range from $170.00 to $238.00. On average, they expect the company's stock price to reach $198.71 in the next twelve months. This suggests a possible upside of 5.1% 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 start of the year. Since then, MTB stock has increased by 23.1% and is now trading at $189.09.
View the best growth stocks for 2022 here
.

Are investors shorting M&T Bank?

M&T Bank saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,650,000 shares, an increase of 24.6% from the July 15th total of 2,930,000 shares. Based on an average trading volume of 1,100,000 shares, the days-to-cover ratio is currently 3.3 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 Wednesday, October 19th 2022.
View our MTB earnings forecast
.

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

M&T Bank Co. (NYSE:MTB) posted its quarterly earnings data on Wednesday, July, 20th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.75 by $1.67. 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 business earned $3.45 earnings per share.
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, May 17th. Shareholders of record on Wednesday, June 1st will be paid a dividend of $1.20 per share on Thursday, June 30th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, May 31st.
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 2.60%. 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 24.14% 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 declared that its Board of Directors has authorized a share repurchase program on Tuesday, July 19th 2022, which authorizes the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is 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 variety of retail and institutional investors. Top institutional investors include FMR LLC (4.52%), JPMorgan Chase & Co. (2.99%), M&T Bank Corp (1.10%), Pendal Group Ltd (0.39%), Clearbridge Investments LLC (0.31%) and Anchor Capital Advisors LLC (0.29%). 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, John L Dangelo, Kevin J Pearson, Kirk W Walters, Michael J Todaro, Michele D Trolli, Richard S Gold 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 $189.09.

How much money does M&T Bank make?

M&T Bank (NYSE:MTB) has a market capitalization of $33.93 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.

How many employees does M&T Bank have?

The company employs 17,569 workers across the globe.

When was M&T Bank founded?

M&T Bank was founded in 1856.

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 8/12/2022 by MarketBeat.com Staff

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