Shares of M&T Bank Corporation (NYSE:MTB – Get Free Report) have been given an average recommendation of “Hold” by the twenty-one analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $235.3158.
Several research analysts have recently weighed in on the stock. Argus upped their target price on shares of M&T Bank from $230.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Piper Sandler upped their target price on shares of M&T Bank from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Truist Financial set a $230.00 target price on shares of M&T Bank in a research note on Tuesday, January 20th. Wall Street Zen downgraded shares of M&T Bank from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Finally, Royal Bank Of Canada upped their target price on shares of M&T Bank from $220.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th.
Insider Buying and Selling at M&T Bank
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Bogart Wealth LLC boosted its stake in M&T Bank by 233.3% during the 1st quarter. Bogart Wealth LLC now owns 120 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 84 shares during the last quarter. Bank of Jackson Hole Trust boosted its stake in M&T Bank by 342.9% during the 3rd quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 120 shares during the last quarter. Triumph Capital Management bought a new position in M&T Bank during the 3rd quarter valued at $32,000. Elyxium Wealth LLC bought a new position in M&T Bank during the 4th quarter valued at $33,000. Finally, Ameriflex Group Inc. boosted its stake in M&T Bank by 82.4% during the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 84 shares during the last quarter. 84.68% of the stock is currently owned by institutional investors.
M&T Bank Price Performance
M&T Bank stock opened at $204.06 on Friday. M&T Bank has a 52-week low of $174.76 and a 52-week high of $239.00. The firm has a fifty day moving average of $210.79 and a 200-day moving average of $207.63. The firm has a market capitalization of $29.88 billion, a P/E ratio of 11.43, a PEG ratio of 1.06 and a beta of 0.59. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.44.
M&T Bank (NYSE:MTB – Get Free Report) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.16. M&T Bank had a net margin of 22.07% and a return on equity of 11.35%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the business earned $3.32 earnings per share. As a group, analysts predict that M&T Bank will post 18.69 EPS for the current year.
M&T Bank Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 1st will be paid a $1.50 dividend. The ex-dividend date is Monday, June 1st. This represents a $6.00 annualized dividend and a dividend yield of 2.9%. M&T Bank’s dividend payout ratio is 33.59%.
M&T Bank declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 31st that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
M&T Bank Company Profile
M&T Bank Corporation is a bank holding company headquartered in Buffalo, New York, that provides a broad range of banking and financial services to individuals, businesses and institutions. The company operates a commercial and retail banking franchise that includes deposit-taking, lending, and payment services delivered through branch networks, digital channels and commercial banking teams. M&T serves customers across the northeastern and mid‑Atlantic United States and has expanded its geographic footprint through strategic acquisitions.
Its core businesses include commercial banking for middle‑market and community businesses, consumer and retail banking, mortgage origination and servicing, treasury and cash management, and wealth management and trust services.
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