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Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NYSE:MTB

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

$144.80
+3.57 (+2.53%)
(As of 03/27/2024 ET)
Today's Range
$141.88
$144.85
50-Day Range
$130.47
$145.90
52-Week Range
$108.53
$148.23
Volume
815,280 shs
Average Volume
1.23 million shs
Market Capitalization
$24.13 billion
P/E Ratio
9.18
Dividend Yield
3.59%
Price Target
$149.71

M&T Bank MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
3.4% Upside
$149.71 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
0.19mentions of M&T Bank in the last 14 days
Based on 12 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.

4.85 out of 5 stars

Finance Sector

48th out of 844 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

Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Ravens to raise ticket prices at M&T Bank Stadium
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
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
3/27/2024
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
+3.4%
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
$20.14 per share
Book Value
$150.31 per share

Miscellaneous

Free Float
165,255,000
Market Cap
$24.13 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 Monday, March 25, 2024 at 11:18 AM.

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 institutional investments, indicating confidence from major financial entities.
  • The recent acquisition of new holdings by Vinva Investment Management Ltd demonstrates positive sentiment towards the company's future performance.
  • Strong insider activity, such as the sale of shares by EVP Doris P. Meister, can sometimes indicate a positive outlook on the company's prospects.
  • With a significant percentage of the stock owned by institutional investors and hedge funds, M&T Bank Co. may benefit from stability and long-term investment strategies.
  • The current stock price of M&T Bank Co. is at a reasonable level, making it potentially attractive for value investors looking for undervalued opportunities.

Cons

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

  • RNC Capital Management LLC reduced its stake in M&T Bank Co., which could raise concerns about the company's growth prospects in the eyes of some investors.
  • While insider selling can sometimes be positive, repeated sales by the same executive, like EVP Doris P. Meister, might raise questions about the company's future performance.
  • High levels of institutional ownership can sometimes lead to slower decision-making processes and potential conflicts of interest that may not align with individual investor goals.
  • Recent increases in stakes by other hedge funds and financial entities may indicate a crowded investment space, potentially limiting future growth opportunities for M&T Bank Co.
  • Investors should carefully consider the overall economic environment and potential challenges in the banking sector before making investment decisions related to M&T Bank Co.

MTB Stock Analysis - Frequently Asked Questions

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

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last twelve months. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MTB shares.
View MTB analyst ratings
or view top-rated stocks.

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

12 brokers have issued 1 year price targets for M&T Bank's shares. Their MTB share price targets range from $130.00 to $179.00. On average, they expect the company's share price to reach $149.71 in the next twelve months. This suggests a possible upside of 3.4% 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 at the beginning of 2024. Since then, MTB shares have increased by 5.6% and is now trading at $144.80.
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 earnings results on Thursday, January, 18th. The financial services provider reported $2.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by $0.36. The financial services provider had revenue of $3.32 billion for the quarter, compared to the consensus estimate of $2.27 billion. M&T Bank had a trailing twelve-month return on equity of 11.59% and a net margin of 21.49%. During the same quarter in the prior year, the business posted $4.57 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 announced a quarterly dividend on Wednesday, February 21st. Shareholders of record on Monday, March 4th will be given a dividend of $1.30 per share on Friday, March 29th. This represents a $5.20 annualized dividend and a yield of 3.59%. 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 3.65%. 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 declared that its Board of Directors has initiated a share repurchase plan on Tuesday, July 19th 2022, which permits the company to buyback $3,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.7% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board 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 institutional and retail investors. Top institutional shareholders 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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