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

M&T Bank (NYSE:MTB) had its price target boosted by Piper Sandler from $235.00 to $240.00 in a research note released on Thursday,MarketScreener reports. Piper Sandler currently has an overweight rating on the financial services provider’s stock.

MTB has been the topic of several other research reports. Jefferies Financial Group raised their price objective on M&T Bank from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen cut M&T Bank from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Wolfe Research cut M&T Bank from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods raised their price objective on M&T Bank from $220.00 to $230.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. Finally, UBS Group decreased their price objective on M&T Bank from $230.00 to $225.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $234.28.

M&T Bank Stock Performance

M&T Bank stock opened at $218.96 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.96 and a current ratio of 0.88. The stock has a fifty day moving average of $214.83 and a two-hundred day moving average of $204.23. The company has a market capitalization of $32.63 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.08 and a beta of 0.60. M&T Bank has a fifty-two week low of $154.98 and a fifty-two week high of $239.00.

M&T Bank (NYSE:MTB) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $4.18 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.16. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.43 billion. M&T Bank had a return on equity of 11.35% and a net margin of 22.07%.During the same quarter last year, the business posted $3.32 earnings per share. On average, analysts anticipate that M&T Bank will post 16.57 EPS for the current fiscal year.

M&T Bank declared that its Board of Directors has authorized a share buyback plan on Tuesday, March 31st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

M&T Bank Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 2nd were issued a dividend of $1.50 per share. The ex-dividend date was Monday, March 2nd. This represents a $6.00 annualized dividend and a dividend yield of 2.7%. M&T Bank’s dividend payout ratio (DPR) is 33.59%.

Insider Transactions at M&T Bank

In related news, Director John P. Barnes sold 21,193 shares of M&T Bank stock in a transaction on Monday, February 9th. The stock was sold at an average price of $235.85, for a total value of $4,998,369.05. Following the transaction, the director owned 15,142 shares in the company, valued at approximately $3,571,240.70. This trade represents a 58.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $191,405.73. Following the completion of the transaction, the insider owned 16,446 shares in the company, valued at $3,548,882.34. The trade was a 5.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,092 shares of company stock worth $11,182,250 over the last ninety days. 0.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTB. Bank of Jackson Hole Trust boosted its holdings in M&T Bank by 342.9% in the third quarter. Bank of Jackson Hole Trust now owns 155 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 120 shares during the last quarter. Triumph Capital Management acquired a new position in M&T Bank in the third quarter valued at $32,000. Elyxium Wealth LLC acquired a new position in M&T Bank in the fourth quarter valued at $33,000. Ameriflex Group Inc. boosted its holdings in M&T Bank by 82.4% in the third quarter. Ameriflex Group Inc. now owns 186 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 84 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in M&T Bank by 61.8% in the third quarter. Westside Investment Management Inc. now owns 199 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 84.68% of the company’s stock.

More M&T Bank News

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.

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.