M&T Bank (NYSE:MTB) Price Target Cut to $248.50 by Analysts at JPMorgan Chase & Co.

Posted by George Bondi on Oct 2nd, 2026

M&T Bank (NYSE:MTB – Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $265.50 to $248.50 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 14.04% from the stock’s previous close.

A number of other brokerages have also issued reports on MTB. DA Davidson increased their price objective on shares of M&T Bank from $263.00 to $266.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Robert W. Baird lifted their price objective on shares of M&T Bank from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Evercore set a $230.00 price objective on M&T Bank in a research note on Thursday. Truist Financial dropped their target price on M&T Bank from $268.00 to $250.00 and set a “hold” rating for the company in a report on Wednesday, September 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of M&T Bank in a report on Tuesday, September 1st. Eight research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, M&T Bank has an average rating of “Hold” and a consensus price target of $251.32.

Read Our Latest Analysis on MTB

M&T Bank Price Performance

MTB stock traded up $0.55 during trading on Friday, reaching $217.90. The company’s stock had a trading volume of 215,381 shares, compared to its average volume of 1,125,008. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.53. The company’s fifty day moving average is $239.04 and its 200-day moving average is $227.38. The company has a market capitalization of $31.47 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61. M&T Bank has a 1 year low of $174.76 and a 1 year high of $255.95.

M&T Bank (NYSE:MTB – Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The financial services provider reported $5.35 earnings per share for the quarter, topping analysts’ consensus estimates of $4.66 by $0.69. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.46 billion. M&T Bank had a return on equity of 11.80% and a net margin of 22.72%.During the same quarter in the prior year, the company posted $4.28 earnings per share. On average, research analysts expect that M&T Bank will post 19.45 earnings per share for the current fiscal year.

Insider Transactions at M&T Bank

In other M&T Bank news, CEO René Jones sold 19,396 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $239.35, for a total value of $4,642,432.60. Following the completion of the sale, the chief executive officer directly owned 103,831 shares of the company’s stock, valued at $24,851,949.85. The trade was a 15.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rudina Seseri sold 623 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $241.04, for a total transaction of $150,167.92. Following the transaction, the director directly owned 3,649 shares in the company, valued at approximately $879,554.96. This trade represents a 14.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,028 shares of company stock valued at $4,794,884 in the last quarter. 0.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in shares of M&T Bank in the 2nd quarter worth approximately $330,978,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of M&T Bank by 2.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,060,517 shares of the financial services provider’s stock worth $252,414,000 after acquiring an additional 26,486 shares in the last quarter. Davis Asset Management L.P. purchased a new stake in shares of M&T Bank during the 2nd quarter worth $97,584,000. Hsbc Holdings PLC boosted its position in M&T Bank by 18.9% during the second quarter. Hsbc Holdings PLC now owns 396,157 shares of the financial services provider’s stock valued at $94,364,000 after purchasing an additional 62,877 shares in the last quarter. Finally, Amundi boosted its position in M&T Bank by 7.7% during the second quarter. Amundi now owns 388,916 shares of the financial services provider’s stock valued at $92,566,000 after purchasing an additional 27,795 shares in the last quarter. 84.68% of the stock is currently owned by institutional investors.

M&T Bank Company Profile

(Get Free Report)

M&T Bank Corporation is a regional financial services company headquartered in Buffalo, New York. Founded in 1856, the company operates primarily through its M&T Bank subsidiary and serves consumers, businesses, institutions and government entities.

M&T Bank provides a range of banking products and services, including checking and savings accounts, consumer lending, residential mortgages, credit cards, commercial loans, treasury management and investment services. Through its wealth management and institutional businesses, the company also offers trust, investment management, custody and related financial services.

The bank serves customers across a footprint concentrated in the Mid-Atlantic and Northeastern United States, including New York, Pennsylvania, Maryland, New Jersey, Delaware, Virginia, West Virginia and Washington, DC Its businesses also include Wilmington Trust, which provides wealth management, corporate and institutional trust, and related services.

John R.