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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MTB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTB, but not buy additional shares or sell existing shares. View MTB analyst ratings or view top-rated stocks .

What is M&T Bank's stock price target for 2024?

14 Wall Street research analysts have issued 12 month target prices for M&T Bank's shares. Their MTB share price targets range from $133.65 to $180.00. On average, they predict the company's share price to reach $158.48 in the next year. This suggests a possible upside of 14.0% 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 2024?

M&T Bank's stock was trading at $137.08 on January 1st, 2024. Since then, MTB stock has increased by 1.4% and is now trading at $139.04. View the best growth stocks for 2024 here .

When is M&T Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024. View our MTB earnings forecast .

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

M&T Bank Co. (NYSE:MTB) announced its quarterly earnings results on Monday, April, 15th. The financial services provider reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.13 by $0.11. The financial services provider had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. M&T Bank had a net margin of 19.52% and a trailing twelve-month return on equity of 10.68%. During the same quarter in the previous year, the firm earned $4.09 EPS. 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 declared a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, March 4th will be paid a dividend of $1.30 per share on Friday, March 29th. This represents a $5.20 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, March 1st. Read our dividend analysis for MTB .

Is M&T Bank a good dividend stock?

M&T Bank (NYSE:MTB) pays an annual dividend of $5.20 per share and currently has a dividend yield of 3.69%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 32.44% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MTB .

What ETFs hold M&T Bank's stock?

ETFs with the largest weight of M&T Bank (NYSE:MTB) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT) , First Trust Nasdaq Bank ETF (FTXO) , Invesco KBW Bank ETF (KBWB) , Proshares Equities For Rising Rates ETF (EQRR) , Sound Equity Dividend Income ETF (DIVY) , Sound Equity Income ETF (SDEI) , SPDR S&P Regional Banking ETF (KRE) and Jpmorgan Equity Focus ETF (JPEF) .

How will M&T Bank's stock buyback program work?

M&T Bank announced that its Board of Directors has initiated a stock buyback plan on Tuesday, July 19th 2022, which allows the company to repurchase $3,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 9.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its shares are 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) .

Who are M&T Bank's major shareholders?

M&T Bank's stock is owned by many different retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.25%), Matrix Asset Advisors Inc. NY (0.06%), Reinhart Partners LLC. (0.05%), Sound Income Strategies LLC (0.05%), O Keefe Stevens Advisory Inc. (0.02%) and Courier Capital LLC (0.02%). Insiders that own company stock include Christopher E Kay , D Scott N Warman , Daryl N Bible , David K Norton, Doris P Meister , Edna Jennifer Warren , Gary N Geisel , George P Carter, Jeffrey J Tengel, Jerry Franklin, John P Barnes , Kevin J Pearson , Kirk W Walters , Lee C Powlus, Mark F Herron, Michael J Todaro , Michele D Trolli , Paul J Hennessy, R David Rosato, Robert J Bojdak and Rudina Seseri . 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:MTB

M&T Bank (MTB) Stock Price, News & Analysis

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Free MTB Stock Alerts

$139.04

+1.65 (+1.20%)

(As of 04/17/2024 ET)

Compare

Today's Range: $137.76
▼
$140.16
50-Day Range: $131.62
▼
$145.90
52-Week Range: $108.53
▼
$148.23

Volume: 1.17 million shs
Average Volume: 1.22 million shs
Market Capitalization: $23.17 billion

P/E Ratio: 9.40
Dividend Yield: 3.74%
Price Target: $158.48

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M&T Bank MarketRank™ Stock Analysis

Analyst Rating: Hold
2.40 Rating Score
Upside/Downside: 14.0% Upside
$158.48 Price Target
Short Interest: Healthy
2.14% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.42
Upright™ Environmental Score
News Sentiment: 0.35
Based on 54 Articles This Week
Insider Trading: Selling Shares
$5.11 M Sold Last Quarter
Proj. Earnings Growth: 15.41%
From $13.89 to $16.03 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.97 out of 5 stars

Finance Sector

10th out of 819 stocks

State Commercial Banks Industry

3rd out of 171 stocks

3.2

Analyst's Opinion

Consensus Rating
M&T Bank has received a consensus rating of Hold. The company's average rating score is 2.36, and is based on 5 buy ratings, 9 hold ratings, and no sell ratings.
Amount of Analyst Coverage
M&T Bank has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
2.14% of the outstanding shares of M&T Bank have been sold short.
Short Interest Ratio / Days to Cover
M&T Bank has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in M&T Bank has recently increased by 4.39%, indicating that investor sentiment is decreasing.

3.3

Dividend Strength

Dividend Leadership
M&T Bank is a leading dividend payer. It pays a dividend yield of 3.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
M&T Bank has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of M&T Bank is 35.16%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, M&T Bank will have a dividend payout ratio of 32.44% next year. This indicates that M&T Bank will be able to sustain or increase its dividend.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
M&T Bank has received a 45.71% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Home insurance services for individuals", "Commercial deposit accounts", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for M&T Bank is -0.42.

3.0

News and Social Media Coverage

News Sentiment
M&T Bank has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 54 news articles for M&T Bank this week, compared to 12 articles on an average week.
Search Interest
23 people have searched for MTB on MarketBeat in the last 30 days. This is an increase of 92% compared to the previous 30 days.
MarketBeat Follows
18 people have added M&T Bank to their MarketBeat watchlist in the last 30 days. This is an increase of 64% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, M&T Bank insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $5,114,624.00 in company stock.
Percentage Held by Insiders
Only 0.82% of the stock of M&T Bank is held by insiders.
Percentage Held by Institutions
84.68% of the stock of M&T Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for M&T Bank are expected to grow by 15.41% in the coming year, from $13.89 to $16.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of M&T Bank is 9.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of M&T Bank is 9.40, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 62.81.
Price to Earnings Growth Ratio
M&T Bank has a PEG Ratio of 1.30. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
M&T Bank has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About M&T Bank Stock (NYSE:MTB)

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, commercial real estate loans, and credit facilities secured by various commercial real estate to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, and direct deposit services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, security brokerage, and administrative services; personal trust, planning, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. The company was founded in 1856 and is headquartered in Buffalo, New York.

MTB Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MTB Stock News Headlines

April 18, 2024 | americanbankingnews.com

Wedbush Analysts Boost Earnings Estimates for M&T Bank Co. (NYSE:MTB)

April 17, 2024 | finance.yahoo.com

M&T Bank Corp (MTB) Q1 2024 Earnings Call Transcript Highlights: A Blend of Growth and ...

April 18, 2024 | Tips4Traders (Ad)

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