M&T Bank (NYSE:MTB) Price Target Raised to $240.00

M&T Bank (NYSE:MTB) had its price target boosted by Robert W. Baird from $230.00 to $240.00 in a research report sent to investors on Thursday morning,MarketScreener reports. They currently have an outperform rating on the financial services provider’s stock.

Several other research firms also recently issued reports on MTB. Weiss Ratings reiterated a “buy (b-)” rating on shares of M&T Bank in a report on Monday, December 29th. Wells Fargo & Company boosted their price objective on M&T Bank from $185.00 to $205.00 and gave the company an “underweight” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods boosted their price objective on M&T Bank from $220.00 to $230.00 and gave the company a “market perform” rating in a report on Wednesday, December 17th. Jefferies Financial Group boosted their price objective on M&T Bank from $255.00 to $265.00 and gave the company a “buy” rating in a report on Thursday. Finally, Cantor Fitzgerald boosted their price objective on M&T Bank from $238.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $234.28.

M&T Bank Price Performance

NYSE:MTB opened at $218.96 on Thursday. M&T Bank has a 52 week low of $154.98 and a 52 week high of $239.00. The company has a quick ratio of 0.96, a current ratio of 0.88 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $32.63 billion, a P/E ratio of 12.26, a P/E/G ratio of 1.08 and a beta of 0.60. The stock’s fifty day moving average is $214.83 and its two-hundred day moving average is $204.23.

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

M&T Bank declared that its board has approved a stock buyback program on Tuesday, March 31st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 16.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

M&T Bank Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 2nd were paid a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, March 2nd. M&T Bank’s payout ratio is presently 33.59%.

Insider Buying and Selling

In related news, Director John P. Barnes sold 21,193 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $235.85, for a total transaction of $4,998,369.05. Following the completion of the transaction, the director directly owned 15,142 shares of the company’s stock, valued at $3,571,240.70. The trade was a 58.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael A. Wisler sold 8,237 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $223.48, for a total value of $1,840,804.76. Following the transaction, the executive vice president directly owned 4,643 shares of the company’s stock, valued at $1,037,617.64. The trade was a 63.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 49,092 shares of company stock valued at $11,182,250. Company insiders own 0.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of M&T Bank by 3.6% during the 4th 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 acquiring an additional 49,336 shares in the last quarter. Canoe Financial LP boosted its position in shares of M&T Bank by 50.5% during the 4th quarter. Canoe Financial LP now owns 652,744 shares of the financial services provider’s stock worth $131,515,000 after acquiring an additional 219,065 shares in the last quarter. Barclays PLC boosted its position in shares of M&T Bank by 3.9% during the 4th 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 in the last quarter. Davis Asset Management L.P. boosted its position in shares of M&T Bank by 23.1% during the 4th 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 in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of M&T Bank by 35.4% during the 4th 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 in the last quarter. 84.68% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting M&T Bank

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

• Positive Sentiment: Q1 beat — M&T reported EPS of $4.18 vs. $4.02 expected, with revenue roughly in line and management outlining a $7.2B–$7.35B 2026 NII outlook and solid fee-income guidance; the results and guidance support near-term earnings momentum. Read More.
• Positive Sentiment: Analyst upgrades/price-target lifts — several firms raised targets and reiterated bullish ratings, including Jefferies to $265 (buy), Piper Sandler to $240 (overweight), Robert W. Baird to $240 (outperform) and DA Davidson to $235 (neutral). These upgrades increase buy-side visibility and likely contributed to upward pressure on the stock. Read More. Read More. Read More. Read More.
• Neutral Sentiment: Capital and outlook adjustments — management moved its CET1 target range to ~10% and framed capital deployment alongside the NII outlook; this clarifies capital policy but will be watched for buybacks/dividends timing. Read More.
• Negative Sentiment: Rising expenses and some profit-pressure signals — while EPS beat, operating expenses rose and one headline noted Q1 net income/earnings pressure (reported net earnings comparisons and an item citing a $664M earnings figure), which could cap margin upside if costs persist. Read More.

M&T Bank Company Profile

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.