Analysts Set M&T Bank Corporation (NYSE:MTB) Target Price at $230.24

M&T Bank Corporation (NYSE:MTB) has received an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $233.8158.

Several equities research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of M&T Bank from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday. DA Davidson lifted their price target on shares of M&T Bank from $233.00 to $235.00 and gave the stock a “neutral” rating in a research note on Thursday. Wall Street Zen cut shares of M&T Bank from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Citigroup lifted their price target on shares of M&T Bank from $215.00 to $225.00 and gave the stock a “neutral” rating in a research note on Friday, January 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of M&T Bank from $231.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, April 6th.

M&T Bank Trading Down 0.2%

Shares of MTB stock opened at $216.62 on Tuesday. M&T Bank has a 12-month low of $154.98 and a 12-month high of $239.00. The company has a current ratio of 0.88, a quick ratio of 0.96 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $215.22 and its 200 day moving average is $204.04. The stock has a market capitalization of $32.28 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.08 and a beta of 0.60.

M&T Bank (NYSE:MTB) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $4.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.16. M&T Bank had a net margin of 22.07% and a return on equity of 11.35%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the company posted $3.32 earnings per share. Research analysts expect that M&T Bank will post 16.57 earnings per share for the current year.

M&T Bank Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, March 2nd. M&T Bank’s dividend payout ratio (DPR) is currently 33.59%.

M&T Bank declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 31st that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 16.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at M&T Bank

In other news, Vice Chairman Gary N. Geisel sold 887 shares of M&T Bank stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $215.79, for a total transaction of $191,405.73. Following the transaction, the insider owned 16,446 shares in the company, valued at $3,548,882.34. This trade represents a 5.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kirk W. Walters sold 909 shares of M&T Bank stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $227.37, for a total transaction of $206,679.33. Following the transaction, the director owned 5,976 shares in the company, valued at $1,358,763.12. This represents a 13.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 49,092 shares of company stock worth $11,182,250. 0.44% of the stock is owned by insiders.

Institutional Trading of M&T Bank

Several institutional investors and hedge funds have recently modified their holdings of MTB. Bank of Jackson Hole Trust raised its position in shares of M&T Bank by 342.9% during the 3rd quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 120 shares during the period. Triumph Capital Management bought a new stake in shares of M&T Bank during the 3rd quarter valued at $32,000. Elyxium Wealth LLC bought a new stake in shares of M&T Bank during the 4th quarter valued at $33,000. Ameriflex Group Inc. raised its position in shares of M&T Bank by 82.4% during the 3rd quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 84 shares during the period. Finally, Westside Investment Management Inc. raised its position in shares of M&T Bank by 61.8% during the 3rd quarter. Westside Investment Management Inc. now owns 199 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 76 shares during the period. 84.68% of the stock is currently owned by institutional investors.

Trending Headlines about M&T Bank

Here are the key news stories impacting M&T Bank this week:

• Positive Sentiment: Q1 earnings beat and revenue roughly inline — M&T reported Q1 net income of $664M (about $4.13 EPS), topping consensus and showing y/y improvement; the release and slides underline that the quarter beat expectations. PR Newswire
• Positive Sentiment: Management issued strong 2026 NII guidance and margin commentary — M&T outlined a $7.2B–$7.35B 2026 net interest income outlook and cited NIM expansion (asset yields rising faster than funding costs), which supports earnings leverage going forward. Seeking Alpha
• Positive Sentiment: Analyst upgrades and higher price targets — Multiple firms raised targets after the print; Jefferies raised its target to $265 (largest lift, ~22% upside vs current levels), signaling stronger sell‑side confidence. MarketScreener – Jefferies
• Positive Sentiment: Additional target increases from Piper Sandler and Robert W. Baird — Piper Sandler moved its target to $240 (overweight) and Baird to $240 (outperform), adding further analyst support for upside. MarketScreener – Piper Sandler MarketScreener – Baird
• Neutral Sentiment: DA Davidson nudged its target up but kept a neutral rating — modest upside implied and no upgrade in conviction, so limited near‑term impact compared with buy‑side upgrades. MarketScreener – DA Davidson
• Negative Sentiment: Costs and credit provisions rose — coverage of the quarter flags higher operating expenses and an increase in credit provisions/deposit declines, which temper the positive headline and could pressure near‑term margins. Blockonomi Zacks

About M&T Bank

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.