M&T Bank (NYSE:MTB) EVP Christopher Kay Sells 3,105 Shares

Posted by Stanley Muller on May 11th, 2026

M&T Bank Corporation (NYSE:MTB – Get Free Report) EVP Christopher Kay sold 3,105 shares of M&T Bank stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $216.50, for a total transaction of $672,232.50. Following the completion of the sale, the executive vice president owned 6,753 shares of the company’s stock, valued at $1,462,024.50. This trade represents a 31.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

M&T Bank Stock Down 2.0%

NYSE MTB traded down $4.17 during trading on Monday, reaching $207.97. The company’s stock had a trading volume of 1,010,114 shares, compared to its average volume of 1,193,289. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $30.46 billion, a PE ratio of 11.64, a PEG ratio of 1.08 and a beta of 0.59. The business has a 50-day moving average price of $211.82 and a 200-day moving average price of $206.88. M&T Bank Corporation has a 1-year low of $174.76 and a 1-year high of $239.00.

M&T Bank (NYSE:MTB – Get Free Report) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.16. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.43 billion. M&T Bank had a net margin of 22.07% and a return on equity of 11.35%. During the same period in the previous year, the company earned $3.32 earnings per share. On average, research analysts forecast that M&T Bank Corporation will post 18.69 earnings per share for the current fiscal year.

M&T Bank Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.9%. M&T Bank’s payout ratio is 33.59%.

M&T Bank announced that its board has initiated a share buyback plan on Tuesday, March 31st that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of M&T Bank

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of M&T Bank by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 1,416,224 shares of the financial services provider’s stock worth $285,341,000 after buying an additional 49,336 shares during the last quarter. Canoe Financial LP lifted its stake in shares of M&T Bank by 50.5% in the fourth quarter. Canoe Financial LP now owns 652,744 shares of the financial services provider’s stock worth $131,515,000 after buying an additional 219,065 shares during the last quarter. Barclays PLC increased its position in M&T Bank by 3.9% during the fourth quarter. Barclays PLC now owns 530,305 shares of the financial services provider’s stock worth $106,846,000 after acquiring an additional 20,120 shares during the period. Davis Asset Management L.P. increased its position in M&T Bank by 23.1% during the fourth quarter. Davis Asset Management L.P. now owns 400,000 shares of the financial services provider’s stock worth $80,592,000 after acquiring an additional 75,000 shares during the period. Finally, Russell Investments Group Ltd. increased its position in M&T Bank by 35.4% during the fourth quarter. Russell Investments Group Ltd. now owns 396,531 shares of the financial services provider’s stock worth $79,954,000 after acquiring an additional 103,692 shares during the period. 84.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of M&T Bank from $255.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Morgan Stanley reduced their price objective on shares of M&T Bank from $271.00 to $245.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Robert W. Baird boosted their price objective on shares of M&T Bank from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. UBS Group set a $235.00 price objective on shares of M&T Bank in a research note on Thursday, April 16th. Finally, Truist Financial set a $230.00 price objective on shares of M&T Bank in a research note on Tuesday, January 20th. Eight research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, M&T Bank presently has a consensus rating of “Hold” and an average target price of $235.32.

Read Our Latest Report on MTB

M&T Bank Company Profile

(Get Free Report)

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.