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NYSE:MTB

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

$145.50
+0.70 (+0.48%)
(As of 01:39 PM ET)
Today's Range
$144.15
$145.97
50-Day Range
$130.47
$145.90
52-Week Range
$108.53
$148.23
Volume
169,442 shs
Average Volume
1.21 million shs
Market Capitalization
$24.24 billion
P/E Ratio
9.22
Dividend Yield
3.57%
Price Target
$149.71

M&T Bank MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
3.0% Upside
$150.17 Price Target
Short Interest
Healthy
2.05% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.42
Upright™ Environmental Score
News Sentiment
0.14mentions of M&T Bank in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$5.11 M Sold Last Quarter
Proj. Earnings Growth
14.78%
From $13.87 to $15.92 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.

4.89 out of 5 stars

Finance Sector

49th out of 858 stocks

State Commercial Banks Industry

12th out of 181 stocks

MTB stock logo

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

MTB Stock News Headlines

Only a fool would buy Nvidia today…
Average people are too busy throwing their money into Nvidia, Google, and every other overvalued tech firm… while missing what could be the biggest story of the decade.
Ravens to raise ticket prices at M&T Bank Stadium
Only a fool would buy Nvidia today…
Average people are too busy throwing their money into Nvidia, Google, and every other overvalued tech firm… while missing what could be the biggest story of the decade.
Ravens announce new M&T Bank Stadium concessionaire
RBC Capital Reaffirms Their Buy Rating on M&T Bank (MTB)
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2023
Dividend Payable
12/29/2023
Last Earnings
1/18/2024
Ex-Dividend for 3/29 Dividend
3/01/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Confirmed)
4/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Regional Banks
CUSIP
55261F10
Employees
22,223
Year Founded
1856

Price Target and Rating

Average Stock Price Target
$149.71
High Stock Price Target
$179.00
Low Stock Price Target
$130.00
Potential Upside/Downside
+2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
12 Analysts

Profitability

Net Income
$2.74 billion
Pretax Margin
28.38%

Debt

Sales & Book Value

Annual Sales
$12.75 billion
Cash Flow
$20.41 per share
Book Value
$150.31 per share

Miscellaneous

Free Float
165,255,000
Market Cap
$24.25 billion
Optionable
Optionable
Beta
0.79

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Should I Buy M&T Bank Stock? MTB Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of M&T Bank was last updated on Wednesday, March 27, 2024 at 11:41 PM.

Pros

Here are some ways that investors could benefit from investing in M&T Bank Co.:

  • M&T Bank Co. has shown consistent growth in its commercial and retail banking segments, indicating a strong financial performance.
  • The company offers a diverse range of credit products and banking services, catering to various customer needs and potentially increasing revenue streams.
  • Recent institutional investments in M&T Bank Co. suggest confidence from financial experts, potentially indicating positive future prospects for the company.
  • With a solid history dating back to 1856, M&T Bank Co. has established itself as a reputable and reliable financial institution in the United States.
  • The current stock price of M&T Bank Co. is at an attractive valuation, presenting a potential opportunity for investors seeking undervalued stocks.

Cons

Investors should be bearish about investing in M&T Bank Co. for these reasons:

  • Despite its long history, M&T Bank Co. may face challenges adapting to rapidly evolving digital banking trends, potentially impacting its competitiveness in the market.
  • The regional banking industry, where M&T Bank Co. operates, is subject to economic fluctuations and regulatory changes, which could affect the company's financial stability.
  • Intense competition in the banking sector may put pressure on M&T Bank Co.'s market share and profitability, leading to potential challenges in sustaining growth.
  • Changes in interest rates or economic conditions could impact M&T Bank Co.'s lending and investment activities, affecting its overall financial performance.
  • Investors should carefully monitor M&T Bank Co.'s ability to manage risks effectively, especially in the current economic climate, to assess potential investment risks.

MTB Stock Analysis - Frequently Asked Questions

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 7 hold ratings and 6 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?

13 equities research analysts have issued 1 year price objectives for M&T Bank's stock. Their MTB share price targets range from $130.00 to $179.00. On average, they predict the company's share price to reach $150.17 in the next twelve months. This suggests a possible upside of 3.0% 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 shares have increased by 6.3% and is now trading at $145.73.
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 Monday, April 15th 2024.
View our MTB earnings forecast
.

How can I listen to M&T Bank's earnings call?

M&T Bank will be holding an earnings conference call on Monday, April 15th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

M&T Bank Co. (NYSE:MTB) released its quarterly earnings data on Thursday, January, 18th. The financial services provider reported $2.74 earnings per share for the quarter, missing analysts' consensus estimates of $3.10 by $0.36. The financial services provider earned $3.32 billion during the quarter, compared to analysts' expectations of $2.27 billion. M&T Bank had a net margin of 21.49% and a trailing twelve-month return on equity of 11.59%. During the same quarter last year, the company posted $4.57 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 Wednesday, February 21st. Shareholders 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 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend 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 3.68%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 32.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTB will have a dividend payout ratio of 32.66% 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 announced that its Board of Directors has approved a share buyback program on Tuesday, July 19th 2022, which permits the company to buyback $3,000,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 9.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board 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).

Who are M&T Bank's major shareholders?

M&T Bank's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.71%), Vanguard Group Inc. (11.66%), Wellington Management Group LLP (8.01%), State Farm Mutual Automobile Insurance Co. (2.48%), Charles Schwab Investment Management Inc. (2.16%) and Massachusetts Financial Services Co. MA (1.04%). 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.

This page (NYSE:MTB) was last updated on 3/28/2024 by MarketBeat.com Staff

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